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The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10012237439
Granger causality tests finally showed that average wages, but not wage inequality, reversely and positively affect operating …
Persistent link: https://www.econbiz.de/10012548211
This study examines the direction of causality between Gross Domestic Product, foreign aid, foreign direct investment … causality test. Furthermore, this study achieved the unit root test for both variables using the ADF test, which confirmed that …-Yamamoto causality test was used to investigate the direction of causality between variables. The results showed a positive one …
Persistent link: https://www.econbiz.de/10013199176
This study investigates the relationship between financial development and economic growth in the Ivory Coast over the period from 1961 to 2014. The final goal of this research is to develop a procedure to identify the effects of financial reforms for the Ivory Coast economic growth. Therefore,...
Persistent link: https://www.econbiz.de/10011613301
period between 2000 and 2015 is analyzed. The methodology is based on the Granger causality test, and the non-linear Diks …–Panchenko test, while the causality in variance is checked with the Hafner–Herwartz test. …
Persistent link: https://www.econbiz.de/10011854772
As in many transition economies, Vietnam has experienced a multiple exchange rate system with three exchange rates having co-existed. This paper uses the Vector-Error-Correction model and the Granger tests to investigate the relationship between the official and black market exchange rates from...
Persistent link: https://www.econbiz.de/10011956312
-based economic growth hypothesis is valid when the causality relationship between exports and growth is from exports to growth, and …
Persistent link: https://www.econbiz.de/10013499538
for cointegration. The dynamic properties of the VAR(1) were summarized using Granger causality tests and impulse response …The purpose of this study is to examine equilibrium relationships and dynamic causality between economic growth …-run relationships among our datasets. The Johansen cointegration tests suggested that the series were not cointegrated, and hence there …
Persistent link: https://www.econbiz.de/10014319274
this paper, employing a combination of the Johansen cointegration test, vector autoregression, and the Granger-causality … test on annual data from 1993 to 2021, we examine the causality relationship between electricity production and key … investment, and employment, in Tajikistan. The empirical findings reveal a positive unidirectional causality from electricity …
Persistent link: https://www.econbiz.de/10014636016
by a variety of tests of cointegration using time-series as well as panel data. …
Persistent link: https://www.econbiz.de/10011379988