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-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … Langfristbeziehung differenziert werden. In der Tat deutet Kointegration zwischen den gemeinsamen Faktoren der zugrundeliegenden …. Kausalitätstests ergeben eine bidirektionale kausale Beziehung zwischen Energieverbrauch und Wirtschaftswachstum. …
Persistent link: https://www.econbiz.de/10010273561
-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international …
Persistent link: https://www.econbiz.de/10010274071
expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that …
Persistent link: https://www.econbiz.de/10010312651
The rapidly growing literature on the relationship between energy consumption and economic growth has not univocally identified the real causal relationship yet. We argue that bivariate models, which analyze the causality at the level of the total economy, are not appropriate - especially in...
Persistent link: https://www.econbiz.de/10010286742
In this paper, we use a modified concept of Granger-(non)causality in reconsidering the negative correlation between stock returns and inflation known in the literature as stock return-inflation puzzle. Based on the quarterly data for Germany including stock returns, inflation rates and growth...
Persistent link: https://www.econbiz.de/10010295749
Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the …
Persistent link: https://www.econbiz.de/10011938320
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities competition...
Persistent link: https://www.econbiz.de/10010273809
the NARDL error correction model (ECM). The OLS estimation provides a reliable inference notwithstanding the variables … significant at 1%. The asymmetric cointegration relationship shows that 1% negative shock to the reserve results in about 0 …
Persistent link: https://www.econbiz.de/10013362916
have mainly utilised panel-estimation methods, the tests of causal chains here are carried out in time-series settings …
Persistent link: https://www.econbiz.de/10010321740
conventional residual-based cointegration tests employed fail to identify any meaningful long run relationship in both functions …, the Gregory- Hansen structural break cointegration approach confirms the cointegration relationships despite the …
Persistent link: https://www.econbiz.de/10010289392