CAUSALITY AND COINTEGRATION IN CRYPTOCURRENCY MARKETS

Inflation and Money supply growth in Iran: Empirical Evidences from Cointegration and Causality

Causality and Cointegration between Consumption and Gdp in 25 Oecd Countries: Limitations of the Cointegration Approach

A critical review of cointegration is presented in this paper, emphasizing some limitations of this approach to testing causal relations in Econometrics. We present an application of cointegration tests to the relation between Private Consumption and Gross Domestic Product in 25 OECD countries, during the period 1960-97, and the results confirm those limitations and the convenience of giving mo...

The Causality between Human Capital and Economic Growth in Oil Exporting Countries: Panel Cointegration and Causality

This paper investigates the causal relationship between education and GDP in a panel of 11 selected oil exporting countries by using panel unit root tests and panel cointegration analysis for the period 1970-2010. A three-variable model is formulated with oil exports as the third variable. The results show a strong causality from oil revenues and economic growth to education in the oil exportin...

Trivariate causality between economic growth, urbanisation and electricity consumption in Angola: Cointegration and causality analysis

This paper investigates the causal relationship between economic growth, urbanisation and electricity consumption in the case of Angola, while utilizing the data over the period of 1971–2009. We have applied Lee and Strazicich (2003. The Review of Economics and Statistics 63, 1082–1089; 2004. Working Paper. Department of Economics, Appalachian State University) unit root tests to examine the st...

Assessing financial integration in European Union equity markets, 1990-2006: Panel unit root and multivariate cointegration and causality evidence

This paper measures financial integration among selected European Union equity markets over the period July 1990 to June 2006 using daily data. Eleven markets (Austria, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Spain and the United Kingdom) are included in the analysis. Panel unit root tests are used to test for non-stationarity, and multivariate cointegration, Gra...