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to 2010. Based on the autoregressive distributed lag (ARDL) bounds testing procedure to cointegration, the paper finds … existence of cointegration among the variables. The empirical results support the view that private investment declines in both …
Persistent link: https://www.econbiz.de/10011113884
cointegration procedure while for the short-term relations we use the Granger causality procedure. We find that global crisis …
Persistent link: https://www.econbiz.de/10011113988
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
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