Davidson and Duclos (DD, 2000) develop the stochastic dominance statistics, T_j(x)(j=1,2,3), to test the hypothesis on statistically significant differences between any two cumulative density functions F and G for assets Y and Z, respectively. The DD test compares distributions at only a finite...

The traditional linear Granger test has been widely used to examine the linear causality among several time series in bivariate settings as well as multivariate settings. Hiemstra and Jones (1994) develop a nonlinear Granger causality test in a bivariate setting to investigate the nonlinear...