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Carrion-i Silvestre et. al. (2009) unit root test with multiple structural breaks and the cointegration relationship between … variables is tested with Maki (2012) cointegration test with multiple structural breaks. Dynamic ordinary least squares (DOLS …) method is used for estimating cointegration coefficients. Findings – It is revealed with the study that foreign direct …
Persistent link: https://www.econbiz.de/10011593592
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cointegration between the nominal exchange rate and the relative prices. In particular, the Argentinean RER appears to be trend … ; cointegration ; structural breaks. …
Persistent link: https://www.econbiz.de/10003746940
This study reconsiders the common unit root/co-integration approach to test for the Fisher effect for the economies of the G7 countries. We first show that nominal interest and inflation rates are better represented as I(0) variables. Later, we use the Bai–Perron procedure to show the...
Persistent link: https://www.econbiz.de/10011654168
The net contribution of the decomposed measures of foreign direct investment (FDIs), e.g., the inward and outward flows … of FDIs, to domestic investment is still inconclusive in the case of underdeveloped and developing countries. The current … investments (FDIs) on the domestic investment in Bangladesh. This study considers annual time series data from 1976 to 2019 and …
Persistent link: https://www.econbiz.de/10014284189
Johansen test of co-integration was employed to determine whether the variables were co-integrated. The VECM was used for … were integrated of order one, I(1), with breaks (confirmed by ZA and LP unit root tests), a Johansen test of co-integration … was applied to identify whether the variables were co-integrated. The results of the Johansen co-integration test …
Persistent link: https://www.econbiz.de/10014230874
Theoretical literature indicates that foreign direct investment can bring about major changes in host economies … inflow foreign direct investment on economic growth in the Arab countries region between 1990 and 2000, using ARDL bounds … testing approach. The results showed that there was a very weak effect of foreign direct investment on economic growth in the …
Persistent link: https://www.econbiz.de/10014530045
and foreign direct investment (FDI) inflows in China. The justification is that the undertaken topic is preeminent for … other developing countries. Methodology used in the study consists of co-integration tests, vector error correction models …
Persistent link: https://www.econbiz.de/10012237231
investment in Nigeria from 1970 to 2015. The study accounts for the structural break and estimates the short-run and long …-run relationship between energy consumption and foreign direct investment using ARDL estimation technique and Bai-Perron Least Squares … consumption and foreign direct investment with and without structural break. The structural break test reveals a break period of …
Persistent link: https://www.econbiz.de/10012522348
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