Using the Vector Error Correction Model (VECM) and Toda-Yamamoto Causality approach, this paper investigates short-run long–run relationship between export diversification, physical human capital, imports, economic growth in UAE. The study period consideration is 1975-2017. findings obtained from VECM test confirm existence of a significant long-run Besides, Toda Yamamoto Granger results reveal...

The paper aims at vertical price transmission of the agri-food market in Czech Republic. It is focused on analysis pork meat by investigating short-run and long-run relationships within product speed establishing equilibrium relationship. For this purpose, there employed specially VECM (Vector Error Correction Model), impulse-response analysis, decomposition variance VECM, which show system’s r...

Stochastic behavior of stock returns is very important for investors and policy makers in the stock market. In this paper, the stochastic behavior of the return index of Tehran Stock Exchange (TEDPIX) is examined using unobserved component Markov switching model (UC-MS) for the 3/27/2010 until 8/3/2015 period. In this model, stock returns are decomposed into two components; a permanent componen...

The present research is an effort to diagnose the exigent determinants of exports in Finland by using time series data from 1993-2020. study employs a vector-error correction model (VECM) Johansen technique for co-integration. empirical findings co-integration indicate existence significant relationship between and its various long run. results VECM revealed that exchange rate remittances are p...

This study aims to analyze the effect of oil product exports and petroleum imports on economic growth Indonesia. uses secondary data. The method used relationship between endogenous exogenous variables is a dynamic model with Vector Error Correction Model (VECM) approach. results in long-term short-term show that Oil Products Exports have positive Economic Growth In short-term, negatively influ...

This study aims to determine the effect of interest rates, money supply, inflation, exchange and return on assets (ROA) stock prices in banking sector for 2005 QII – 2019 QIV period. The data used are quarterly time series. method analysis Vector Error Correction Model (VECM). result this indicate that rates has a negative insignificant sector. However, inflation have positive significant price...

The objective of this study is to identify the impact trade liberalization on economic growth in Japan. Annual data are utilized from 1985 2016 via Autoregressive Distributed Lag Model (ARDL) Cointegration test and Vector Error Correction (VECM) based Granger causality. findings unit root tests revealed that all variables mixed results whereby they integrated at I(0) I(1) could proceed ARDL tes...

Among agricultural products in Iran, pistachio is one of the major export products that can produce foreign currency. The present study evaluated factors affecting pistachio export earnings instability and its effect on agricultural export during the studied period. For this purpose, export earnings instability index was calculated using "average absolute difference between export earnings and ...

The purpose of this study was to determine the effect government spending (Education, Health, Housing and Public Facilities, Social Protection), GRDP, DAU, population on poverty provinces in Indonesia. method uses Regression Vector Error Correction Model (VECM) panel model with 32 provinces. data used is secondary a period 2010-2020 sourced from Central Statistics Agency (BPS), Directorate Gene...

By generalizing Hamilton’s model of the US business cycle to a three-regime Markov-switching vector autoregressive model, this paper analyzes regime shifts in the stochastic process of economic growth in the US, Japan and Europe over the last four decades. Empirical evidence is established for the presence of a structural break in the expansionary GDP growth for the US and Japan based on an out...