International audience This paper is about the causal relationship between short-term and long-term interest rates in the U.S. and Canada. To that end, we apply a linear Granger causality test introduced by Toda-Yamamoto (1995) and the nonlinear Granger causality test of Diks and Panchenko (2006). B...

This study investigates the relationship between firm profits, R&D expenditure, firm size and financial leverage in China over the period 2009-2015. The starting point of this paper is to estimate how R&D inputs affect firm future performance. We consider two different regression models to verify th...

Conditional granger causality framework in Barnett and Seth (2014) is employed to measure the connectedness among the most globally traded currencies. The connectedness exhibits dynamics through time on both breadth and depth dimensions at three levels: node-wise, group-wise and system-wise. Overall...

This paper investigates the causality between prices and index-based trading activity for twelve grain, livestock, and other soft commodity futures markets. We use panel Granger causality estimations based on SUR systems and Wald tests with market-specific bootstrap critical values in order to take...

This work investigates the relationship between exports and economic growth in the cases of Guatemala and El Salvador, highlights the assessment of the effects of economic spillovers between these two countries. Cointegration vectors are estimated for each country, including the variables exports, G...

DR LEO 2007-10

Fil: RON, Juan Francisco. University of San Andrés. Department of Economics; Argentina. “This work looks at the relationship between the bilateral nominal exchange rate and certain fundamentals in Argentina with respect to Brazil, Japan and England, for periods from June 1993 to September 2004. Usin...

This article looks at the dynamic relationship between exposure to financial constraints and productive performance in agriculture. To this end, the concept of causation in Granger and the VAR representation are used. Indeed, despite several studies on this issue, causation and leadership are far fr...

<p>High food prices are one of the major risks facing households from developing countries. Food prices have attracted renewed interest among policy experts in identifying appropriate policy instruments to counter the effect of price vulnerability. This paper evaluates the effect of fuel prices on f...

<p>The present study aims to examine the short-run and long-run impact of China’s trade liberalization policies on its energy demand over the period from 1980 to 2018. The results of Autoregressive Distributed Lag approach of co-integration show that energy consumption significantly increases as a r...

Many studies that investigates growth and energy consumption relation uses cross country pooled data and ends with contradictory results which is still debatable and inconclusive. Such outcome is obvious due to country wide heterogeneous nature in the energy sector, its complementarities with the r...

This article demonstrates the existence of a process of economic slowdown in the Mexican economy during the last twenty eight years, where the top result has been a shortfall in job creation. According to the Kaldorian's theory of growth, one factor explaining this situation is the lack of dynamism...

The causal relationships between spot and futures crude oil prices have attracted the attention of many researchers in the past several decades. Most of the studies, however, do not distinguish among the various oil market situations in analyses of linear and nonlinear causalities. In light of the f...

intellectual capital is one of the most important elements of the information economy. In information management, intellectual capital is regarded as one of the key factors for economic and cultural development. Therefore, the education which constitutes the accumulation of intellectual capital is a...

This paper attempts to investigate the short- and long-run causality issues among oil consumption, CO2 emissions, and economic growth in the Philippines by using time series techniques and annual data for the period 1965–2012. Tests for unit root, co-integration, and Granger-causality tests based on...

In this paper the causality / precedence relationship between inflation and inflation uncertainty has been tried to be examined for the G7 countries with monthly frequency observations in the 1973M1 – 2008M09 period. In light of the proxy obtained for the inflation uncertainty data using contemporan...

This paper uses an autoregressive distributed lag model (ARDL) to examine the dynamic impact of non-fossil energy consumption on carbon dioxide (CO2) emissions in China for a given level of economic growth, trade openness, and energy usage between 1965 and 2014. The results suggest that the variable...

The policies implemented to ensure economic growth, one of the countries' most important macroeconomic goals, can sometimes lead to distortions in some elements in the economy. Therefore, if there is a relationship between economic growth and inflation, it will be a guide for economic policies to be...

Nigeria has witnessed a great change in information and communication technology (ICT) as a result of the liberalisation of the telecommunication sector in the country in the early 2000s coupled with high rate of economic growth. Consequently, this study examines the relationship and impact of ICT o...

The causal relationship between the rates of return on deposits of Islamic banks and deposits of conventional banks in an economy with dual banking systems is a significant area of study in the literature. While studying this causal relationship, vast majority of the existing studies consider domest...

Bu çalışmanın amacı, döviz piyasası baskısı ve menkul kıymet piyasaları arasındaki ilişkiyi Türkiye için tespit etmektir. Bu kapsamda, ilk olarak Aralık 2005–Kasım 2017 dönemi için döviz piyasası baskı endeksi hesaplanmıştır. Hesaplanan bu baskı endeksi, inceleme döneminde meydana gelen krizlerin, ö...

In the context of contemporary society, characterized by the information users’ growing and differentiated needs, the way country-level governance and social responsibility contribute to the ensuring of sustainable economic development is a concern for all the actors of the economic sphere. The aim...

This study empirically investigates the causal relationship between construction production and GDP for Turkey during 2005Q1-2013Q4 period. Because it is found that, there is no cointegration which means there is no long run relationship between variables, VAR Granger Causality Method is used to tes...

Suitcase trading which is defined as a purchasing process of merchandises in a country that is implemented by travelers (nonresidents) to sell those merchandises in their own country; it has started to take place in balance of payments of Turkey since 1996. After the collapse of USSR in 1991 Turkey...