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cointegration support the existence of a stable relationship between real exchange rates and real oil prices in all countries …
Persistent link: https://www.econbiz.de/10005790126
between the growth rate of real GDP per capita and the number of 9-year-olds in the USA is tested for cointegration. For … cointegrating relation. Econometrically, the tests for cointegration show that the deviations of real economic growth in the USA …
Persistent link: https://www.econbiz.de/10005790144
the cointegration and vector error-correction (VEC) methodology. Our empirical results show weak support for a long … cointegration was detected, Granger causality was either bidirectional or it ran from output to financial development. …
Persistent link: https://www.econbiz.de/10005790290
-Granger (1987) cointegration and error correction mechanism (ECM) techniques were employed to unit root properties of the variables …
Persistent link: https://www.econbiz.de/10005790296
The paper aims to investigate the impact of the liberalization of European Telecommunications Markets, on the Business Ownership Rate, the Employment, the Gross Domestic Product, and the Investment in ICT, in two European countries: Germany and Portugal. For this purpose, a Cointegrated Vector...
Persistent link: https://www.econbiz.de/10005790304
It is argued that whether or not there is a need for unit roots and cointegration based econometric methods is a …
Persistent link: https://www.econbiz.de/10005790324
employed cointegration and Granger-causality tests on stochastic systems composed of exports, imports and GDP. In order to have …
Persistent link: https://www.econbiz.de/10005790475
To examine the validity of real interest parity (RIP), this study provides empirical evidences concerning the dynamic linkages of real interest rates among ASEAN-5 and the mean reversion behaviors of real interest differentials of ASEAN-5.vis-à-vis Japan during the post liberalization era...
Persistent link: https://www.econbiz.de/10005790478
liberalization of the Polish economy in the beginning of 1990, cointegration relationships are found between broad real money … is paid to parameter constancy and stability of the cointegration relationships. Tests generally confirm stability of …
Persistent link: https://www.econbiz.de/10005790577
This Paper uses restrictions implied by cointegration to identify the permanent and transitory elements (the ‘trend …
Persistent link: https://www.econbiz.de/10005792097