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Our research aims to analyze the causal relationships in the behavior of public debt issued by peripheral member countries of the European Economic and Monetary Union (EMU), with special emphasis on the recent episodes of crisis triggered in the eurozone sovereign debt markets since 2009. With...
Persistent link: https://www.econbiz.de/10009358650
This paper test for causality between the US Dollar-Euro exchange rate and US-EMU bond yield differentials. To that end … existence of statistically significant Granger causality running one-way from bond yield differentials to the exchange rate, but …Este trabajo realiza un contraste de causalidad entre el tipo de cambio dólar estadounidense- euro y el diferencial de …
Persistent link: https://www.econbiz.de/10009143383
testing approach to cointegration is employed to test the causal relationship between industrial production, exports and terms … of trade. An augmented form of Granger causality analysis is implemented to identify the direction of relationship among …
Persistent link: https://www.econbiz.de/10011523113
1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long …-run relationship between financial development and economic growth. An augmented form of Granger causality analysis is implemented to … identify the direction of causality among the variables both in the short-run and the long-run. The empirical findings suggest …
Persistent link: https://www.econbiz.de/10011523134
import functions or exportled growth. Focusing on the US relations with Euroland and Canada, cointegration analyses however …
Persistent link: https://www.econbiz.de/10010263683
to Granger causality tests within a panel cointegration framework. It turns out that the growth effects of FDI vary …
Persistent link: https://www.econbiz.de/10010273162
) models estimated and interpreted. A Johansen-Juselius cointegration test indicates a positive long run relationship between … equilibrium within half a year. Granger causality tests show no causal relationship between Saudi stock market returns and the …
Persistent link: https://www.econbiz.de/10009464070
testing approach to cointegration is employed to test the causal relationship between industrial production, exports and terms … of trade. An augmented form of Granger causality analysis is implemented to identify the direction of relationship among …
Persistent link: https://www.econbiz.de/10011496051
1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long …-run relationship between financial development and economic growth. An augmented form of Granger causality analysis is implemented to … identify the direction of causality among the variables both in the short-run and the long-run. The empirical findings suggest …
Persistent link: https://www.econbiz.de/10011496052
The relationship between shadow economy (or informal economy) and development has been extensively researched. But there is a lack of consensus on how institutional quality affects the size of informal economy in any country. Using the Kuznets Curve hypothesis we assess the relationship between...
Persistent link: https://www.econbiz.de/10012664293