Showing 1 - 10 of 12
The objective of the paper is to analyse causality between prices of corn, crude oil and ethanol. The analysis conducted in this paper is a dynamic one, and the data used consist of weekly futures prices of crude oil, corn, and ethanol from January 5, 2007 till April 11, 2014. The assessment of...
Persistent link: https://www.econbiz.de/10011111508
This paper considers nine long Swedish macroeconomic time series whose business cycle properties were discussed by Englund, Persson, and Svensson (1992) using frequency domain techniques. It is found by testing that all but two of the logarithmed and difference series are non-linear. The...
Persistent link: https://www.econbiz.de/10005423876
The Granger causality test is reduced, after co-integration, to the test of the fact that some coefficients of linear regressions are equal to zero or not. In this paper we will build multi-variate Bayes tests for the signification of the parameters of linear regression provided by the above...
Persistent link: https://www.econbiz.de/10011257905
The issue of relationship between exchange rate and stock market is still not conclusive even though many studies have been done and the results are mixed. There is no theoretical consensus on the relationship between stock prices and exchange rates. Thus, this paper aims to examine the...
Persistent link: https://www.econbiz.de/10011114551
The purpose of this paper is to investigate the relationship between macroeconomic parameters like Exchange rate and foreign institutional investment with stock returns in India, in particular at National Stock Exchange. I find that both stock returns and exchange rate are integrated of order...
Persistent link: https://www.econbiz.de/10005020500
This paper investigates empirically the impact of FDI on economic growth of Turkey and Pakistan over the period of 1975-2004. To analyse the causal relationship between FDI and economic growth, the Engle-Granger cointegration and Granger causality tests are used. It is found that these two...
Persistent link: https://www.econbiz.de/10005621720
Economic theory suggests that refined and crude oil prices should be interrelated as the refined products are a derivative of the crude product and hence the prices of the two categories must have a long run relationship. However any short term feedbacks between the two markets are also of...
Persistent link: https://www.econbiz.de/10005837254
The aim of this paper is to investigate the relations between export and growth for Turkey by using 1987-2006 monthly data. In other words, export-led growth hypothesis is being tested for the period of eighties and nineties. Industrial production index is used for the proxy of gross domestic...
Persistent link: https://www.econbiz.de/10008552786
In this paper the issue of causality between wages and prices in UK has been tested. OLS relationship between prices and wages is positive; productivity is not significant in determination of prices or wages too. These variables from these statistics we can see that are stationary at 1 lag, i.e....
Persistent link: https://www.econbiz.de/10009325634
This study intended to analyze the direction of Granger-causality between energy consumption and employment in public and private sector. We have adopted DL approach for Granger-causality analysis. We found from the whole analysis that there is evidence of bidirectional causality between energy...
Persistent link: https://www.econbiz.de/10008560497