Applying Hsiao's version of the Granger causality method, this paper examines the causality between fertility and female labour participation using transformed US data for the period 1948-93. The PP tests reveal that the original series are not stationary; therefore, a first differencing is...

Applying the Engle-Granger two-step procedure, this study finds that neither budget deficits, short-term interest rates and prices in one model nor budget deficits and longterm interest rates in the other model are cointegrated in Japan. Moreover, this study finds no causality between budget...

Applying recently developed techniques of cointegration and Hsiao's version of Granger causality to three Latin countries (Brazil, Mexico, and Venezuela), this study finds no causal linkages between energy consumption and economic growth for both Mexico and Venezuela using the trivariate models....

The cointegration and causality between human capital and economic growth in Japan is examined by applying Johansen's test of cointegration and Hsiao's version of the Granger causality method to the Japanese data for the period 1952-93. The Phillips-Perron (PP) tests reveal that the original...

Applying Hsiao's version of the Granger causality method, an examination is carried out into the causality between fertility (BR) and female labour (FR) participation for Japan over the period 1950-1993. A unidirectional causality appears to run from BR to FR without feedback. The F-statistics...

The causality between money and inflation is re-examined by applying Hsiao's version of the Granger causality method to US data for the period 1959-94. The Phillips-Perron unit roots tests are performed and the series of M1 and M2 become stationary after first differencing, while the series of...