This paper uses cointegration and Granger causality tests to examine the relationship between government revenue and … cointegration, our empirical results suggest that for six out of the seven countries the two fiscal variables are cointegrated. Our …

This short paper investigates the cointegration and causality link between energy consumption and agricultural, non …. Empirical results suggest that there is only unidirectional causality running from agricultural and non-agricultural sectors to … energy consumption as well as from overall GDP growth to energy consumption. This unidirectional causality signifies a less …

(ARDL) model of cointegration and a Granger causality test have been implemented within a vector error correction model … 2012. It analyzes both the long-run relation and the direction of causality. To this end, an autoregressive distributed lag … (VECM) framework. The results show cointegration in the long run when regime durability is taken into account. Indeed, for …

both series are nonstationary, or I(1). Moreover, a cointegration relationship is found between the two variables. The … short-run dynamics of the variables show that the flow of causality runs from energy use to GDP, and there is a long …

cointegration and error correction models in a multivariate framework, but failed to tackle the important issues of unit root … testing and optimal lag length when testing for cointegration. Following Dhawn and Biswal (1999), this study examines the ELG … data (1969-2005). We utilize Johansen and Saikkonen and Lütkepohl cointegration procedures and error correction modeling to …

challenges in the South Asian region. In this paper the authors investigate the presence of cointegration and causality …

panel unit root and cointegration testing and specifies an appropriate vector error correction model to analyse the nexus … some evidence that over the short-run bidirectional causality exists. Our results also show a strong unidirectional … causality running from capital formation and GDP to energy usage. In the long run the reverse causality, found in recent work …

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 …

cointegration approach. The results suggest debt servicing, inflation and private investment to be negatively associated. The study … coefficient of the error correction term confirms the long run causality between explanatory variables and private investment. The … pair-wise Granger causality concludes unidirectional causality from private investment to GDP growth, from private …

using annual data over the period 1970-2008. The Johansen cointegration test suggests that there is a long-run relationship … between central government revenue and expenditure. The result from Granger causality test based on Vector Error Correction … Models (VECM) suggests bidirectional causality between central government revenues and expenditures in the long …