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An understanding of how volatilities of and correlations between commodity returns change over time including their directions (positive or negative) and size (stronger or weaker) is of crucial importance for both the domestic and international investors with a view to diversifying their...
Persistent link: https://www.econbiz.de/10011113968
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
Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which...
Persistent link: https://www.econbiz.de/10011114177
Pakistan economy is one of those economies that has received a huge amount of foreign aid. Foreign aid has been considered to help capital-deficient economies to fulfill the desired levels of finances to generate growth, increase employment and income, and furthermore, it helps to alleviate...
Persistent link: https://www.econbiz.de/10011114382
Malaysia is sensitive to the particular causality tests employed to ascertain the causal relationship. This study covered … in Malaysia is not sensitive to the particular causality test used. Thus, causality test plays no role in explaining the … inconsistency causality result of savings and economic growth. Ultimately, causality test does not matter to savings-growth nexus …
Persistent link: https://www.econbiz.de/10011114503
variation in the direction of causality between renewable energy consumption and economic growth. This causal relationship takes … including model specification, data characteristics, estimation techniques (cointegration methods and causality tests), and …
Persistent link: https://www.econbiz.de/10011117033
The objective of this paper is to reinvestigate the relationship between natural gas consumption and economic growth by including foreign direct investment, capital and trade openness in Malaysia for the period of 1971–2012. The structural break unit root test is employed to investigate the...
Persistent link: https://www.econbiz.de/10011117106
; the existence of causality/reverse causality between the two is addressed via a Panel Vector Auto regression (VAR … causality from profit efficiency to default risk is inversely related across all categories. For CBs, the trade-off between …
Persistent link: https://www.econbiz.de/10011165369
evidence for the following causality: Stock Market → Fed Reserve (Federal funds rate) → short-term yields → long-term yields …
Persistent link: https://www.econbiz.de/10011060707