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Defense Spending and Economic Growth: Some Empirical Evidence from the Arab Gulf Region
Al-Yousif, Yousif Khalifa - In: Defence and Peace Economics 13 (2002) 3, pp. 187-197
The present paper investigates the causal relationship between defense spending and economic growth in six Gulf … existence and direction of causality between these two variables. The empirical results indicate that neither growth nor defense …
Persistent link: https://www.econbiz.de/10005495939
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DEFENCE SPENDING AND THE MACROECONOMY: THE CASE OF TURKEY
Ozsoy, Onur - In: Defence and Peace Economics 19 (2008) 3, pp. 195-208
as a percentage of GNP, government budget as a percentage of GNP, total deficit as a percentage of GNP, the GNP growth … the short-run causality between defence spending and economic growth. …
Persistent link: https://www.econbiz.de/10005495940
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Granger Causality and Policy Ineffectiveness: A Rejoinder
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1986
In an earlier paper "Granger-causality and Policy Effectiveness" Economica (1984), I showed that for a policy instrument x to Granger-cause some target variable y it is not necessary for x to be useful in controlling y. (The argument that it is not sufficient was already familiar, e.g. from the...
Persistent link: https://www.econbiz.de/10005504347
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Prices on the second-hand market for Swedish family houses: correlation, causation and determinants
Berg, Lennart - In: European Journal of Housing Policy 2 (2002) 1, pp. 1-24
simple VAR model was estimated with the price changes for family houses in the Stockholm area, a proxy for consumption growth …
Persistent link: https://www.econbiz.de/10005446274
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The Relation of Different Concepts of Causality in Econometrics
Lechner, Michael - School of Economics and Political Science, Universität … - 2006
Granger and Sims non-causality (GSNC) are compared to non-causality based on concepts popular in the microeconometrics and programme evaluation literature (potential outcome non-causality, PONC). GSNC is defined as a set of restrictions on joint distributions of random variables with observable...
Persistent link: https://www.econbiz.de/10005453947
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A Graphical Investigation of the Size and Power of the Granger-Causality Tests in Integrated-Cointegrated VAR Systems
Mantalos, Panagiotis - In: Studies in Nonlinear Dynamics & Econometrics 4 (2000) 1, pp. 17-33
The size and power of the Wald, Edgeworth expansion corrected likelihood-ratio statistic (LRE), and bootstrap tests for Granger causality in integrated-cointegrated VAR systems are considered. By using Monte Carlo methods and simple graphical techniques, the p-value plots, and power-size plots,...
Persistent link: https://www.econbiz.de/10005459065
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MODELLING THE RELATIONSHIP BETWEEN DEFENSE SPENDING AND ECONOMIC GROWTH FOR THE FIJI ISLANDS
Narayan, Paresh Kumar; Singh, Baljeet - In: Defence and Peace Economics 18 (2007) 4, pp. 391-401
The goal of this paper is to examine the nexus between GDP and military expenditure. We model this relationship within a multivariate framework by including exports in the model. We use the recently developed bounds testing approach to cointegration and find that there is a long run relationship...
Persistent link: https://www.econbiz.de/10005462768
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Vector Autoregression and Causality
Toda, Hiro Y.; Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 1991
This paper develops a complete limit theory for Wald tests of Granger causality in levels vector autoregression (VAR's) and Johansen-type error correction models (ECM's) allowing for the presence of stochastic trends and cointegration. Earlier work by Sims, Stock and Watson (1990) on trivariate...
Persistent link: https://www.econbiz.de/10005464026
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The Endogeneity of the Natural Rate of Growth – an Empirical Study for Latin-American Countries
Vogel, Lena - Fachbereich Sozialökonomie, Universität Hamburg - 2007
The aim of this paper is to analyse the sensitivity of the natural rate of growth to the actual rate of growth for a … rate of growth. The natural rates of growth are estimated in a system of SUR estimations over the period 1986-2003. In … order to determine whether they react endogenously to changes in the actual rate of growth, a dummy variable for boom …
Persistent link: https://www.econbiz.de/10005464594
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On Local Government Spending and Taxation Behaviour - effect of population size and economic condition
Moisio, Antti - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2001
This paper examines the Granger causality between total expenditures, own source revenues, grants received from the State and long-term loans for 12 subgroups of Finnish municipalities. Two panel data sets that cover the years 1985-1992 and 1993-1999 are used in order to compare the effect of...
Persistent link: https://www.econbiz.de/10005545937