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drivers of economic growth in China using annual data for the period 1952 to 2005. Using cointegration and Granger-causality …-directional Granger causality between financial development and capital accumulation or that Granger causality runs from capital …
Persistent link: https://www.econbiz.de/10005268954
We generate observable expectations about fiscal variables through laboratory experiments using real world data from several European countries as stimuli.We estimate an econometric model of individual expectations for fiscal policy, which nests various theories of expectations-forming and...
Persistent link: https://www.econbiz.de/10005272603
This paper investigates the varieties of reductionism and realism about causal relations in macroeconometrics. There are two issues, which are kept distinct in the analysis but which are interrelated in the development of econometrics. The first one is the question of the reducibility of causal...
Persistent link: https://www.econbiz.de/10005282245
and exports and bi-directional causality between manufactured exports and GDP has been found. Export promotion policy is …
Persistent link: https://www.econbiz.de/10005283217
analyse the possible interdependence between expenditure and revenues by performing standard Granger causality tests. We find … that there is a bias towards defficit in public sector size and long-run bidirectional causality between public revenues … and expenditure, although the direction of causality seems to hold mainly from public expenditure to revenues. Achieving …
Persistent link: https://www.econbiz.de/10005549440
causality between these variables from Granger’s idea of conditional causality and under the hypothesis of a positive …
Persistent link: https://www.econbiz.de/10005549531
explanatory value of a theory which has recourse to a causality of a finalist type. …
Persistent link: https://www.econbiz.de/10005553966
The present study applies the techniques of cointegration and Granger causality to examine the causal relationship …
Persistent link: https://www.econbiz.de/10005556323
employment are weak exogenous. The Granger non-causality tests indicate a bi-directional relationship between the changes of …
Persistent link: https://www.econbiz.de/10005558257
development has a significant positive long-run impact on economic growth. Granger-causality test based on vector error correction …
Persistent link: https://www.econbiz.de/10005561265