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In recent years the importance of emerging stock exchanges has been demonstrated by the number of market studies. Although some of these stock exchanges such as those of Korea and Taiwan have been investigated extensively, there is only limited research on others including the Turkish stock...
Persistent link: https://www.econbiz.de/10009218980
abundance of time series studies that focus on examining for causality via exclusions restrictions tests, impulse response … methods. We show, in part 2, that ELG results based on standard causality techniques are not typically robust to specification …
Persistent link: https://www.econbiz.de/10009219494
surveyed the empirical export-led growth literature; it was evident that Granger non-causality tests are commonly applied as a … non-causality test for ELG by reconsidering two applications: Oxley's (1993) study for Portugal and Henriques and Sadorsky … examining the robustness of Granger non-causality test results to avoid spurious outcomes in applications. …
Persistent link: https://www.econbiz.de/10009219561
cointegration and error correction model methodology. The results suggest that a stable long-run relationship exist between real M2 … demand function. The analysis from the vector error correction model (VECM) and the Toda & Yamamoto (1995) causality tests …
Persistent link: https://www.econbiz.de/10009223951
This paper explores the linkages between the different stock markets in the Greater China region. Cointegration tests …
Persistent link: https://www.econbiz.de/10009365377
The recent de-emphasizing of the role of money in both theoretical macroeconomics as well as in the practical conduct of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however, been accumulating, pointing to an important leading...
Persistent link: https://www.econbiz.de/10009365497
approach, and we perform the cointegration and Granger causality analysis employing the methods of vector error correction … bilateral but exhibits stronger evidence on the causality of output→finance; and (2) economic growth, financial development and …
Persistent link: https://www.econbiz.de/10009367164
bounds testing indicate the presence of cointegration among the variables. The estimated long-run impact of gas consumption … and growth in Pakistan. Furthermore, the results of causality test and variance decomposition analysis suggest a … unidirectional causality running from natural gas consumption to economic growth. Gas being the primary source of energy in Pakistan …
Persistent link: https://www.econbiz.de/10009372499
under the framework of Granger causality and panel cointegration for Pakistan over the period 1981-2008. The result supports … th e evidence of panel cointegration between FDI and output. FDI has a positive effect on output in the long run. The … result also supports the evidence of long-run causality running from GDP to FDI, while in the short run, the evidence of two …
Persistent link: https://www.econbiz.de/10009393985
to 2008. The Johansen cointegration methodology along with Granger causality through VEC is applied to the annual time … series data. The results of the cointegration analysis provide evidence of a valid long-run relationship between unemployment … and different kinds of property crimes. The results provide evidence of unidirectional causality running from unemployed …
Persistent link: https://www.econbiz.de/10009394321