Non - causality in VAR - ECM models with purely exogeneous long - run paths *

Non - causality in VAR - ECM models with purely exogenous long - run paths *

We propose a canonical representation of the long run matrix, which can constitute a basis for non-causality testing. This representation requires to determine a sub-matrix rank, which can be done using a test procedure, whose properties are analysed with Monte Carlo experiments.  2000 Elsevier Science S.A. All rights reserved.

Exogeneity in VAR - ECM models with purely exogenous long - run paths with an illustration to Mexico real exchange rate determination 1 May 2000 Jacqueline PRADEL and Christophe

ARDL – Analysis of the Relationship among Exports, FDI, Current Account Deficit and Economic Growth in Pakistan

T his paper empirically examines the relationship among exports, foreign direct investment, current account deficit and economic growth in Pakistan during the period 1975-2016.We adopted the autoregressive distributed lag (ARDL) approach to co-integration together with ECM techniques to trace the long-run as well as the short-run relationships. The results demonstrate the existence o...

Effects of Oil Returns and External Debt on the Government Expenditure: A Case Study of Syria

This study attempts to investigate the effect of oil returns and external debt on the government expenditure in Syria over the period 1970-2010. The Johansen cointegration test showed that oil returns and external debt have a positive and significant long run relationship with government expenditure. The Granger causality test indicates unidirectional short-run causality relationships running f...

The Impact of Trade Openness on Economic Growth in Pakistan; ARDL Bounds Testing Approach to Co-integration

T he main objective of this paper was the investigation of the impact of the trade openness on economic growth in Pakistan. We have been employed both the Johensen and Autoregressive Distributed Lag (ARDL) Co-integration together with ECM Techniques for the period 1975-2016. The empirical estimated results are the sound evidence that there exists a short...