the conventional symmetrical panel ARDL (PARDL) model was not able to formulate long-run cointegration between currency …The existing literature has explained the causality flow from the exchange rates toward the stock market without … affecting the nonlinear causality flowing from the exchange rates toward the stock market indexes of the ASEAN-5 region. The …

We estimate panel vector autoregressions to analyze the highly disputed relationship between sovereign debt and …

We apply System GMM and Panel Vector Autoregression (PVAR) to investigate the long run relationships between output …

institutions and long-run economic growth in a panel of countries. Our findings demonstrate a substantive positive effect of the …

responses using panel data for a set of OECD countries during the period 1975-2014. We find evidence that households do in fact …

also the Granger non-causality in Dumitrescu and Hurlin (2012). First, the disaggregated analysis shows that renewable … development and growth in all countries. Similarly, the bidirectional causality between renewable energy consumption and growth is …

financial stress and market risk premiums and performs a causality test of these two variables. The analysis of the monthly … changes of the Federal Reserve Bank of St. Louis Financial Stress Index and excess returns on the CRSP value-weighted index … risk premium shock. The Granger causality test results show that financial stress Granger-causes market risk premiums to …