The causal interaction between energy consumption, real activity and the prices in the Swedish economy is investigated over the period 1965-2000. The leveraged bootstrap simulation technique is used to generate more reliable critical values for tests of Granger causality between integrated...

Purpose: This paper aims to examine whether there exists a long-run causal relationship between house prices and unemployment rates for eight major European countries. Design/methodology/approach: The bootstrap panel Granger causality approach that accounts for cross-sectional dependence, slope...

Despite the fact that previous studies have extensively investigated the foreign direct investment (FDI)-growth nexus, those studies have not considered the role of terms of trade as a proxy for international competitiveness and structural changes. This paper investigates the causal nexus...

Purpose: This paper aims to examine whether there exists a long-run causal relationship between the prices of households’ two major assets: stocks and houses over the period 1975Q1–2017Q1 for seven major European countries. Design/methodology/approach: The paper uses the bootstrap panel...