Multi-electrode neurophysiological recordings produce massive quantities of data. Multivariate time series analysis provides the basic framework for analyzing the patterns of neural interactions in these data. It has long been recognized that neural interactions are directional. Being able to assess the directionality of neuronal interactions is thus a highly desired capability for understandin...

This study reexamines the causal link between electricity consumption, economic growth and CO2 emissions in the BRICS countries (i.e., Brazil, Russia, India, China, and South Africa) for the period 1990– 2010, using panel causality analysis, accounting for dependency and heterogeneity across countries. Regarding the electricity–GDP nexus, the empirical results support evidence on the feedback h...

This paper investigates the endogenous money supply hypothesis in Iran. To this end, we attempt to find causality directions between bank credits and money aggregates. Utilizing Diks and Panchenko’s (2006) nonparametric Granger causality test for the time series data over the period 2006:04-2018:12 confirms the existence of a significant causality running from bank credits to money aggregates. ...

This paper uses Granger causality test techniques to investigate the causal order of the air-sea interactions between the anomalous NAO index and the NCAR/NCEP SST anomalies over the northern hemisphere. Compared to the simple lead/lagged correlation, the Granger causality analysis is generally more reliable since it ensures that any apparent oceanic influence upon the atmosphere is uniquely pr...

This presentation provides a demonstration of how Granger causality (GC) can be applied to MEG data to visualize dynamic functional connectivity and causality between cortical regions on a millisecond time scale. GC is derived from autoregressive models and provides directionality information. We apply the GC technique to dynamic statistical parameter map source space to demonstrate that the dy...

The interrelationship between international stock markets has been a key study area among the financial market researchers for international portfolio management and risk measurement. The characteristics of security returns and their dynamics play a vital role in the financial market theory. This study is an attempt to find out the dynamic linkages among the equity market of USA and emerging ma...

The paper examines the causal relationship between foreign direct investment (FDI) and economic growth for selected Asian economies covering the period from 1981-2008. The study has been done for China, India, Pakistan, Sri Lanka, Indonesia, Malaysia, Philippines, Singapore and Thailand. Using Granger-causality, it has been observed that for the countries like China, India, Pakistan, Sri Lanka,...