The study aims to analyse the long-term relationship between GDP and employment during 2000Q1-2018Q4. relation is important for Turkey who has problems with creation capacity of growth. However, high growth performance 2000s ratios have well remained below OECD averages. Employment elasticity 0.15 2004Q1-2018Q4 period Engle-Granger test. entire much weaker, like 0.04. Johansen tests confirm lon...

Conventional notions suggest that persistently high budget deficits give rise to inflation, which monetary policy on its own is powerless to prevent. However, empirical evidence does not provide convincing support for such a hypothesis. This paper reexamines the issue in the case of Pakistan using Johansen cointegration analysis. The empirical results suggest that in the long-run inflation is n...

In this paper we investigate the merits of artiicial neural networks in forecasting foreign exchange rates. From previous research it is known that it is hard to beat the random walk model using structural exchange rate models. In this paper we show that by using a suitable multivariate speciication a structural model can be derived that beats the random walk. By introducing a new method for mu...

Many studies have estimated the aggregate import demand function for Pakistan by using non-stationary data. Their findings suffer from the so-called ‘spurious regression’ problem. This study attempts to estimate the aggregate import demand function for Pakistan by employing Johansen and Juselius cointegration technique on the annual data for the period 1975-2005. Our results show that there is ...

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 aim of this study is to examine the relationship between economic growth and tourism revenues in Turkey within scope tourism-led hypothesis with help tests that take into account structural breaks. In context, causality cointegration based on Fourier approach were used by considering industrial production index, real effective exchange rate data for January 2005-December 2019 period. result...

The purpose of the study was to analyse determinants South African citrus exports post era trade liberalisations using secondary data from 1996 2018. Johansen Cointegration model used test long-run relationship between export and in liberalisation Ordinary Least Squares regression determine Africa selected liberalisation. results show existence a equilibrium exports. provided evidence that prod...

This study examines the effect of macroeconomic variables on stock market performance in Malaysia from January 2015 to December 2021. The included this are inflation rate, real effective exchange m2 money supply and short-term interest rate. Johansen Cointegration Test has been utilized if have long-term impact Malaysian performance; whereas regression analysis will quantify impact. results sho...

This paper focuses on the application of modern econometric techniques to a model of the demand for private housing in Ireland. The paper will firstly outline the theoretical econometric framework in order to explain the concept of cointegration within an economic model framework. The Johansen method for analyzing economic models is demonstrated and it is shown how the method can be applied to ...

The study tries to investigate the cointegration and causality relationship between spot future prices of crude oil natural gas traded on Multi Commodity Exchange (MCX) India. has used daily closing commodities under from period 2005 2020. data is converted into stationary time series which a mandatory condition for analysis. results Johansen Co-integration test reveals that there long-run both...