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This paper examines the dynamic causal linkages between electricity consumption and economic growth in Nigeria within a trivariate VECM, for the period 1971-2012. The paper obviates the variable omission bias, and the use of cross-sectional techniques that characterise most existing studies. The...
Persistent link: https://www.econbiz.de/10011114051
While the global economic recovery continues, it remains uneven and subject to downside risks. Yet,to the extent that these linger, they could undermine growth further and foster larger macroeconomic imbalances.In fact,one unwanted characteristics that most Sub-saharan African economies share,...
Persistent link: https://www.econbiz.de/10011114297
employing the OLS and FMOLS procedures. To test the cointegration relationships between investment and saving flows of Russia …, three different cointegration tests were applied to the data. First applied was the Gregory and Hansen (1996) cointegration …) cointegration test was employed. Finally, for a case where more than two breaks are detected, the Maki (2012) cointegration test …
Persistent link: https://www.econbiz.de/10011114329
between stock market development and economic growth in the Indian context. Using the cointegration and causality tests for …
Persistent link: https://www.econbiz.de/10011114474
suggested by Ball, Lopez & Reyes (2013). Johansen (1988) and Johansen & Juselius (1990) cointegration technique is used to …
Persistent link: https://www.econbiz.de/10011114555
clustering the Chilean regions into three different groups, however, evidence of cointegration within these groups is found …
Persistent link: https://www.econbiz.de/10011115421
-form efficient individually or as a group by applying a battery of parametric, nonparametric, unit root, and Johansen cointegration …
Persistent link: https://www.econbiz.de/10011116377
The Lacey Act of 1900 was amended on May 22, 2008, to prohibit the import of illegally sourced plant materials and products manufactured from them into the United States and its territories, and to similarly ban their interstate transport. Trade theory suggests that the effect of the new law...
Persistent link: https://www.econbiz.de/10011116811
This study examines the non-linear cointegration relationship between real output and KOF indices of globalization … property in the cointegration models, but also provide the viewpoint of a long-run effect that overall and three …
Persistent link: https://www.econbiz.de/10011116971
In this paper, we investigate the relationships between crude oil and refined product prices. We find that nonlinear correlations are stronger in the long-term than in the short-term. Crude oil and product prices are cointegrated and financial crisis in 2007–2008 caused a structural break of...
Persistent link: https://www.econbiz.de/10011117860