This paper introduces the concept of homogeneous non-causality in heterogeneous panels. This concept is used to examine a panel of data for evidence of a causal relationship between GDP and carbon emissions. The technique is compared to the standard test for homogeneous non-causality in homogeneous panels and heterogeneous non-causality in heterogeneous panels. In North America, Asia and Oceani...

one of the current challenges and complications in the world is the climate change and global warming, which has numerous and varied effects and consequences in different regions. in this regard, the effects of economic activities on the increase in greenhouse gases and also the effects of greenhouse gases on economic activities have become increasingly controversial. in this study, an investig...

this study aims to evaluate the link between economic growth and consumer price index (cpi) in japan for the period of 1980-2014. initial series were adjusted for stationarity using the augmented dickey- fuller (adf) test for unit root followed by the application of johansen co-integration test in order to examine the long-run relationship among the variables, while the causalities were evaluat...

Granger’s (1969) popular concept of causality, based on work by Weiner (1956), is typically defined in terms of predictability for one period ahead. Recently, Dufour and Renault (1998) generalized the concept to causality at a given horizon h, and causality up to horizon h, where h is a positive integer that can be infinite (1≤h<∞); see also Sims (1980), Hsiao (1982) and Lütkepohl (1993a) for r...

Abstract F DI can create employment and reduce poverty, increase the host country’s export capacity causing the developing country to increase its foreign exchange earnings. The aim of this study is to investigate whether FDI affect economic growth in GCC countries over the period 1980-2014 using ARDL approaches. The empirical results show that the FDI is one of the major drivers of e...

T his paper investigates the existence of possible spillover effects among four main asset markets namely foreign exchange, stock, gold, and housing markets in Iran from 2002:03 to 2015:06. For this purpose, we have exploited Sigma-Point Kalman Filter (SPKF) to extract the bubble component of assets prices in the aforementioned Markets. Then, in order to analyze the price bubbles spi...

This paper indicates causality as the tool that unifies the analysis of both activations and connectivity of brain areas, obtained with fMRI data. Causality analysis is commonly applied to study connectivity, so this work focuses on demonstrating that also the detection of activations can be handled with a causality analysis. We test our method on finger tapping data, in which GLM and Granger C...

this paper examines the causal relationship between stock prices and macroeconomic aggregates in iran, by applying the techniques of the long–run granger non–causality test proposed by toda and yamamoto (1995). we test the causal relationships between the tepix index and the three macroeconomic variables: money supply, value of trade balance, and industrial production using quarterly data for t...