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Does defence expenditure deter economic growth in Turkey? A cointegration analysis

Karagol, Erdal; Palaz, Serap - In: Defence and Peace Economics 15 (2004) 3, pp. 289-298

causality between the growth of GNP and defence expenditure in Turkey for the years 1955-2000. The main conclusion is that there … is a long-run equilibrium relationship between GNP and defence expenditures. Furthermore, the short run causality test … indicates that there is a unidirectional causality between variables, from defence expenditure to economic growth. In order to …

Persistent link: https://www.econbiz.de/10005462809

New evidence from an alternative methodological approach to the defence spending-economic growth causality issue in the case of mainland China

Masih, Abdul M.M.; Masih, Rumi; Hasan, Mohammad S. - In: Journal of Economic Studies 24 (1997) September, pp. 123-140

Proposes to re-examine empirically the causal relationship between defence spending and economic growth in mainland … defence spending to economic growth. Second, by evaluating a dynamic vector error-correction model, variance decomposition and … impulse response functions, then analyses the direction, duration and strength of Granger-causality between defence spending …

Persistent link: https://www.econbiz.de/10005003335

New evidence from an alternative methodological approach to the defence spending‐economic growth causality issue in the case of mainland China

Masih, Abdul M.M.; Masih, Rumi; Hasan, Mohammad S. - In: Journal of Economic Studies 24 (1997) 3, pp. 123-140

Proposes to re‐examine empirically the causal relationship between defence spending and economic growth in mainland … defence spending to economic growth. Second, by evaluating a dynamic vector error‐correction model, variance decomposition and … impulse response functions, then analyses the direction, duration and strength of Granger‐causality between defence spending …

Persistent link: https://www.econbiz.de/10014863505

On economic growth-reserve accumulation nexus in Nigeria: A nonlinear asymmetric cointegration estimation

Bassey, Kufre J.; Mba, Michael K.; Abraham, Ochoche - In: West African Journal of Monetary and Economic Integration 19 (2019) 1, pp. 35-51

This paper examines the relationship between economic growth and reserve accumulation in Nigeria using quarterly data from 2011:Q3 to 2019:Q1 in a nonlinear autoregressive distributed lag (NARDL) framework which allows for the short- and long-run nonlinearities to be investigated through...

Persistent link: https://www.econbiz.de/10013362916

Detecting long-run relationships in regional house prices in the UK

Cook, Steven - In: International Review of Applied Economics 19 (2005) 1, pp. 107-118

Recent developments in the analysis of cointegration in the presence of asymmetric adjustment are extended and applied to data on regional house prices in the UK. This extension is found to have a dramatic impact upon the results derived. In contrast to recent studies employing standard methods,...

Persistent link: https://www.econbiz.de/10005482752

Oil prices and exchange rates in oil-exporting countries: evidence from TAR and M-TAR models

Mohammadi, Hassan; Jahan-Parvar, Mohammad - In: Journal of Economics and Finance 36 (2012) 3, pp. 766-779

Persistent link: https://www.econbiz.de/10010848224

Testing the Fed and the Graham and Dodd Models : Asymmetric vs Symmetric Adjustment

Aboura, Sofiane; Boucher, Christophe - Université Paris-Dauphine (Paris IX) - 2008

We examine the empirical validity of the Fed Model and the Graham and Dodd model for five countries and over a time period spanning three decades by applying the Enders and Granger (1998) and Enders and Siklos (2001) threshold unit-root and cointegration tests. Our results support the hypothesis...

Persistent link: https://www.econbiz.de/10010861567

ARE STOCK PRICES AND ECONOMIC ACTIVITY COINTEGRATED? EVIDENCE FROM THE US, 1950–2005

COOK, STEVEN - In: Annals of Financial Economics (AFE) 02 (2006) 01, pp. 0650003-1

The potential cointegrating relationship between stock prices and economic activity suggested by financial and economic theory is examined. It is found that the commonly employed tests of Engle and Granger (1987) and Johansen (1988) fail to detect cointegration between stock prices and...

Persistent link: https://www.econbiz.de/10010936591

Some Evidence on the Asymmetry between Gasoline and Crude Oil Prices in Selected Countries

Salles, Andre Assis de - In: International Journal of Energy Economics and Policy 4 (2014) 4, pp. 670-678

The objective of this work is to study the gasoline prices evolution and its relationship between crude oil prices in the international market through cointegration tests and across regression models of asymmetric, specifically this work uses stochastic models with heteroskedasticity and error...

Persistent link: https://www.econbiz.de/10010938192

A threshold cointegration test with increased power

Cook, Steven - In: Mathematics and Computers in Simulation (MATCOM) 73 (2007) 6, pp. 386-392

The low power of threshold, or asymmetric, cointegration tests is addressed. A new test is developed which combines momentum-threshold autoregression (MTAR) and local-to-unity detrending via generalised least squares (GLS). Critical values for the newly proposed GLS-MTAR threshold cointegration...

Persistent link: https://www.econbiz.de/10010749928