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on studies of the developed markets and high-income economies of the world. The objective of this study was to examine … the causal relationship between ICT adoption and stock market development in Africa. The study examined a panel of 11 … African stock exchanges for the period 2008-2017 and employed the panel ARDL bounds testing procedure to test for …
Persistent link: https://www.econbiz.de/10012799415
Persistent link: https://www.econbiz.de/10010393608
and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence …The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … the direction of potential causality between financial and economic development. Our results conclude to the existence of …
Persistent link: https://www.econbiz.de/10013071385
and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence …The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … the direction of potential causality between financial and economic development. Our results conclude to the existence of …
Persistent link: https://www.econbiz.de/10010328841
Persistent link: https://www.econbiz.de/10012151237
empirical analysis. We undertake; Unit root (ADF, PP and KPSS) tests, Granger Causality test, Engle-Granger Cointegration test … and Error Correction Model. The monthly results of Granger causality test suggest that there is a bidirectional …-Granger residual based cointegration test suggests that there is a long-run relationship between the stock market performance and …
Persistent link: https://www.econbiz.de/10012973920
Based on the present value model for stock prices, we utilise a pooled mean group estimator for panel ARDL … cointegration to estimate the long-run relationship between G7 stock prices and macroeconomic variables over the last 40 years. We …
Persistent link: https://www.econbiz.de/10013179569
Persistent link: https://www.econbiz.de/10012543537
cointegration technique, the study finds evidence of long-run relationship between innovation and per capita economic growth in most … of the cases, typically with reference to the use of a particular innovation indicator. Using Granger causality test, the … study finds the presence of both unidirectional and bidirectional causality between innovation and per capita economic …
Persistent link: https://www.econbiz.de/10011661838
", stock-market fluctuations should Granger cause fluctuations of the unemployment rate. We performed several Granger-causality …, feedback cannot be rejected, whereas the causality clearly runs from the stock market to the unemployment rate in the medium to …
Persistent link: https://www.econbiz.de/10011415821