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 …

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 …

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 …

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 …

", 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 …

Hong Kong Investment Fund Association (HKIFA) over the period 2001 – 2008. Cointegration test is used to identify the long … the Granger causality test. We find that there is 56.43% of the equity funds have their price levels cointegrated with … stock market index. In the short run, the Granger causality test indicates that some funds' price levels have both long and …

:Q4). Long Run Granger Causality Test, Johansen's Cointegration Test (both Bivariate & Multivariate) and Vector Error … Correction Mechanism (VECM) are applied. Overall, we find that there is unidirectional long run causality from Stock prices to … for all the macroeconomic variables. Johansen's Cointegration results suggest presence of long run equilibrium …

emerging countries over the period 1980 to 2018 by employing the Johansen-Fisher panel cointegration method. The study also … with Kao and Pedroni panel cointegration tests. We also show that financial institutions and financial markets indexes … significant long-run association between EG, the overall index of FD, and its lower-indices. Furthermore, the results from panel …

Utilizing Arellano and Bond (1991) panel-GMM estimator model, this paper investigates dynamic interactions between … financial system, through bank/stock market development, and economic growth volatility in overall/specific country group levels …

banks …