13 articles for “Causality Tests”

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Research ArticleOpen accessIn the abstractFinancial Development and Economic Growth An Empirical Analysis for GreeceAthanasios Vazakidis, Antonios AdamopoulosProblem statement: This study investigated the causal relationship between financial development and economic growth for Greece for the period 1978-2007 using a Vector Error Correction Model (VECM). Questions were raised whether financial development causes economic growth or reversely taking into account the positive effect of industrial production index. Financial market development is estimated by the effect of credit market development … …American Journal of Applied Sciences, Vol. 6, Issue 7 · 31 Jul 2009 · 7,749 accessesView PDF Cite

Research ArticleOpen accessIn the abstractA Causal Relationship and Macroeconomic Activity: Empirical Results From European UnionChaido Dritsaki, Antonios AdamopoulosThis study investigates the relationship among macroeconomic variables using quarterly data for European Union covering the period from 1970 I to 2000 IV. The purpose of this study is to estimate the dynamic interrelation among macroeconomic variables such as money, gross domestic product, interest rates, level of price and exchange rates. For the empirical analysis of this investigation, we employ … …American Journal of Applied Sciences, Vol. 2, Issue 2 · 28 Feb 2005 · 7,854 accessesView PDF Cite

Research ArticleOpen accessAll words, across the recordRevisiting Share Market Efficiency: Evidence from the New Zealand Australia, US and Japan Stock IndicesChristopher Gan, Minsoo Lee, Au Yong Hue Hwa, Jun ZhangThis study aims to re-examine the market efficiencies in New Zealand Stock Exchange (NZSE) and Australia Stock Exchange (ASX) stock indices to investigate whether Groenewold’s[1] findings still hold in the period after the financial liberalization (January 1990-January 2003). In addition, the study also examines whether the larger US NYSE and Japanese NIKKEI stock indices have any influence on the NZSE … …American Journal of Applied Sciences, Vol. 2, Issue 5 · 31 May 2005 · 7,966 accessesView PDF Cite