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returns and exchange rate are integrated of order one. The Engle–Granger Cointegration test is then performed, suggesting that …
Persistent link: https://www.econbiz.de/10005020500
. This paper is conducted to examine the linkages between ASEAN-5+3 namely Malaysia, Singapore, the Philippines, Thailand …-crisis period. Next, cointegration test is employed to test the long-run stationary relationship among the stock markets. The number … countries. In conclusion, we found that ASEAN- 5+3 and US stock markets are interdependence during crisis and post …
Persistent link: https://www.econbiz.de/10005836484
selected ASEAN countries. The main findings are as follows. The real effective exchange rate (REER) - the relative prices …
Persistent link: https://www.econbiz.de/10011265343
2009 was used and the study employs unit root testing, co-integration analysis and VAR Granger Causality/Exogeneity Wald … economic growth and export are integrated of order one, i.e. 1(1). The cointegration test confirmed for model 1 and model 2 … cointegration test results. However, there is no evidence of cointegration between export and economic growth for model 3. Granger …
Persistent link: https://www.econbiz.de/10011258898
-2011). After studying the time-series properties of these variables for stationarity and cointegration, we adopted Toda and … Autoregressive Model. The Empirical results from cointegration test indicate that there exists no long-run relationship between …
Persistent link: https://www.econbiz.de/10011258960
cointegration analysis and Granger causality tests. Our results reveal that electricity consumption and GDP are cointegrated and the …
Persistent link: https://www.econbiz.de/10011259340
This paper investigates causal links between economic growth, oil consumption and natural gas usage in Poland on the basis of quarterly data for the period Q1 2000 – Q4 2009. The application of the Toda–Yamamoto procedure, a nonlinear Granger causality test, bootstrap techniques and an...
Persistent link: https://www.econbiz.de/10011259721
The aim of this paper is to investigate the causal relationship between electricity consumption and GDP growth for the kingdom of Bahrain during the period 1980–2008. By performing an error-correction model, our results reveal that electricity consumption and GDP are cointegrated. The granger...
Persistent link: https://www.econbiz.de/10011259770
Using contemporary models this paper explores the time-series properties of financial infrastructure and economic growth indicators to investigate the nexus between developments in financial intermediation with the economic growth for India over the 1971-2004 periods. Both over short-run and the...
Persistent link: https://www.econbiz.de/10005260232
This paper investigates the effect of changes in exchange rate on consumer price level, in Fiji, known as exchange rate pass-through during a thirty year period (1982-2009). Specifically, three time periods are focused on: the pre-coup years (1982-1986); post coup years (1987-2009); and full...
Persistent link: https://www.econbiz.de/10009325628