The study examinations lead-lag relationship between real oil price (ROP) and real trade balance (RTB) for India using monthly data and covering period from January 1980 to December 2011. To in depth examine the issue, study decomposes the time-frequency relationship between ROP and RTB...

This paper examines the direction, strength and extent of causal relationship between futures and spot prices of Indian commodity markets using frequency domain approach of Breitung and Candelon (2006). Frequency domain analysis offers an effective alternative tool by examining the causality in...

Purpose – The purpose of this study is to attempt to analyze Granger causality in the frequency domain framework between producers' prices measured by wholesale price index (WPI) and consumers' prices measured by consumer price index (CPI) in the context of India. Design/methodology/approach...

The paper examines Granger-causality between the producers' and the consumers' price using Australian data within the frequency domain framework. For long run relation, the Johansen and Juselius (1990) maximum likelihood approach to cointegration was utilized. The test is also supplemented by...

The present study significantly contributes to the economic literature by investigating the direction of causality between WPI and CPI by applying frequency domain causality approach developed by Lemmens et al. (2008) based on spectral approach. We use monthly frequency data covering the period...

In this paper, the stock price-inflation nexus is investigated using the tools of wavelet power spectrum, cross-wavelet power spectrum and cross-wavelet coherency to unravel time and frequency dependent relationships between stock prices and inflation. Our results suggest that for a frequency...

This paper examines the relationship of corruption with democracy and bureaucracy in the 82 countries in a panel framework. For the analysis we use rule of law, regulatory quality, control over corruption and secondary school enrollment ratio as control variables. We find that democracy, rule of...

The paper empirically analyzes, in Romania’s case, the cointegration and causality between electricity consumption, capital and economic growth. The data set covers the period 1980-2011. The results show the existence of bidirectional causality between electricity consumption and economic...

The present study attempted to test income convergence of the Indian states. For the analysis, the study utilized panel linear and recently developed panel nonlinear unit root tests for the period 1980-1981 to 2007-2008. Use of recently developed panel nonlinear unit root test was the innovation...

This study reinvestigates the effect of defence spending on economic growth using Zivot and Andrews and Lee and Strazicich, structural unit root tests and the autoregressive distributed lag bounds testing approach to cointegration in augmented version of Keynesian model for India. Study...