This quantitative research aims to analyze the long-run relationship and causality between economic development, tourism, other macroeconomic variables in context of Sao Tome Principe (STP). First, Augmented Dickey Fuller (ADF) Phillips Perron (PP) unit root test is applied, followed by Johansen cointegration Vector Error Correction Model (VECM). Gross domestic product (GDP), tourism receipts (...

This paper fist examines three set of bivariate cointegrations between any two of current accounts, stock markets, and currency exchange markets in ten Asian countries. Furthermore, we examined the effect of country characters on this bivariate cointegration. Our findings suggest that for three sets of cointegration test, each sample country at least exists one cointegration. India consistently...

This study analyzes the relationship between macroeconomic variables that influence inflation. Through our research, we will analyze of GDP growth, remittances, level exports, imports, and foreign direct investments on inflation rate for Western Balkan. The research has applied panel data using dynamic approaches such as fixed effects, Arellano–Bover/Blundell–Bond estimation to determine relati...

The modern workplace had dramatically changed because the nature of work, workforce and work relations changed; hence, changes in needs industries. aim this study was to examine relationship between Nigerian industries factor inputs that formed with keen on Technical Vocational Education Training. Using Central Bank Nigeria Data, Vector Autoregression used test among series yearly output all se...

This article investigates the forward market efficiency by testing the unbiased forward exchange rate hypothesis using nine currencies vis-à-vis the U.S. dollar. The empirical tests are conducted using monthly data during the period between January 1985 and December 1996 and two different methods of cointegration tests, a fractional (GPH) test and the HarrisInder test. The two cointegration tes...

The aim of the study was to investigate effect mobile money services on Zambia’s banking sector profitability. Profitability proxied by Return equity (ROE) and Gross interest income (GII). Using Johansen Cointegration approach quarterly data for period 2012Q1 2021Q4, results suggest a positive relationship between commercial banks’ Based results, recommends that there is need banks continuously...

  In this paper asymmetric price transmission mechanism and nonlinear adjustment between producer and retail prices of milk were examined in Zanjan Province of Iran. For this purpose, a Two-Regime Threshold Vector Error Correction Model (TVECM) and a Sup-LM Test developed by Hansen and Seo (2002) were employed for checking presence of a threshold effect. Application of unit root tests indicated...

This paper examines the impact of government expenditure on the Nigerian economy for the period 1983 - 2012. The government expenditure components used as the explanatory variables in the model are: expenditures on Health, Education, Defense, Agriculture and Transportation and Communication. The Gross Domestic Product (GDP) was used as a parameter for measuring economic growth. In order to esta...

In this paper we explore the usefulness of induced-order statistics in the characterization of integrated series and of cointegration relationships. We propose a non-parametric test statistic for testing the null hypothesis of two independent random walks against wide cointegrating alternatives including monotonic nonlinearities and certain types of level shifts in the cointegration relationshi...