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/methodology/approach - The authors use standard statistical tools that include Johansen cointegration test, linearity, normality tests …, cointegration regression, Granger causality and vector error correction model. Findings - The results of panel Johansen … cointegration analysis show that cointegration exists between the stock prices, the changes in stock prices due to inflation rates …
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The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
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