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robust examination of the empirical findings. The result of cointegration confirms the presence of cointegration among the …
Persistent link: https://www.econbiz.de/10012799939
By using the Emirmahmutoglu–Kose bootstrap Granger non-causality method, this study explores the directions of … causality among tourist arrivals, tourism receipts, energy consumption and economic growth for the top 10 most-visited countries …-sectional dependence exists across the top countries for the analyzed variables, the bootstrap Granger causality test that accounts for the …
Persistent link: https://www.econbiz.de/10011772435
International trade has created more economic growth opportunities in the agriculture sector. The agricultural sector remains key to the South African economy, with a vibrant international market becoming available as the country's agriculture exports grow. However, the impacts of human-caused...
Persistent link: https://www.econbiz.de/10014230994
distributed lag model (ARDL) bounds test approach for cointegration testing. Their research papers rarely include all the ARDL … taken afterward with respect to causality investigation and robust analysis. …
Persistent link: https://www.econbiz.de/10012132318
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
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
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
Auto Regressive Distributed Lag bounds test (ARDL) and Granger causality test to establish the type of correlation between … between financial development and energy consumption is positive in nature both in short-run and long-run. Granger causality … test results revealed unidirectional causality from financial development to energy consumption. Policymakers need to …
Persistent link: https://www.econbiz.de/10012799799
This paper aims to extend the literature on the impacts of China's policies on the world energy-growth nexus by analyzing the spillover effects of financial development and CO2 emissions. An autoregressive distributed lag approach was applied to annual series data from 1977 to 2016. Models for...
Persistent link: https://www.econbiz.de/10012631468