drawn based on linear Granger causality tests could be invalid due to structural breaks and nonlinearity – which we show are … are fewer rejections of the null, than under the standard linear Granger causality test, thus highlighting the importance … annual time series dataset spanning from 1900 to 2011, and analyze time-varying Granger causality test, since the inference …

linear Granger causality result shows no evidence of significant causality between exports and GDP. The relevant VAR is … unstable, which undermines our confidence in the causality result identified by the linear Granger causality test. Accordingly …-directional causality. These results highlight the risk of misleading conclusions based on the standard linear Granger causality tests which …

linear Granger causality result shows no evidence of significant causality between exports and GDP. The relevant VAR is … unstable, which undermines our confidence in the causality result identified by linear Granger causality tests. Accordingly we …-directional causality. These results highlight the risk of misleading conclusions based on the standard linear Granger causality tests which …

Granger causality test. Based on the Diks and Panchenko (2005) non-linear Granger causality test, we find significant evidence …, our findings highlight that inference from traditional (linear) Granger causality test can be misleading in the presence … investigate causality between economic policy uncertainty in some of the world's major economies using the economic policy …

by using the vector error correction model, the bounds testing methodology and linear and non-linear Granger causality … and stock prices exists in only seven out of twelve countries. The results of the linear causality tests indicate that … Granger causality suggest that unidirectional and bidirectional non-linear causal relationships exist between stock prices and …