(1). As can be seen, the null hypothesis of no cointegration is rejected for the regressions with 5 covariates at the 10% level. The evidence of cointegration becomes stronger when we consider specifications with 6 covariates as the Engle-Granger test rejects the null hypothesis at 1% or 5%...
The main aim of the study was to explore possibilities of trading directly with ZMK/YUAN as the Zambian firms and household's trade with China. The study employed the Multivariate cointegration test and Vector autoregressive (VAR) model to analyse the data. The findings indicated that exchange ...
sensitive association with GEG, such that excessive mineral resource extraction damages green economic growth. However, the interaction of economic governance with mineral resources transforms the negative influence into a positive one on green economic growth; (3) technological innovation and human developm...
The unit root test is essential in financial time series analysis to check whether the data employed are stationary. As stated in Zivot and Wang (2003), the financial time series shows trending behavior that induces time-varying mean and variance. To remove the trend, in most cases, the ...
Question of Econometrics Time-series 1. When and how so-called spurious regressions take place in time-series econometrics. 2. Describe the Engle-Granger cointegration test procedures in a bivariate c If the coefficient of determination (R-squared) ...
Using the cointegration test and the vector error-correction model (VECM), the study finds that in the long run, real income significantly and positively influences the housing prices while real non-food bank credit adversely influences it. The variance decomposition results suggest that it is the...
This method is based on Westerlund panel cointegration test. The CS-ARDL test was developed by Chudik and Pesaran (2016) and is used for both long-run and short-run evaluations in this study. The equation for the model is expressed as:(10)lnLit=α0+∑j=1pβitlnLi,t−j+∑j=0pα...
The relationship between export and economic growth in Sri Lanka, 1960-1992 is examined using the techniques of causality and cointegration. The hypothesis... Anoma S. P. Abhayaratne - 《Applied Economics Letters》 被引量: 67发表: 1996年 Long-run determinant of Korean economic growth: empirical...
Table 6. The results of the Kao cointegration test. 5.2. Tobit Model Construction After the tests of unit root and cointegration, we apply the Stata 15.0 software to conduct a Tobit regression analysis. The structural equation is as follows: CEEi,t = β1ULi,t + β2(UL)2i,t + β3IS...
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