Research Note:Testing the Tourism-Led Growth Hypothesis for Singapore – An Empirical Investigation from Bounds Test to Cointegration and Granger Causality Tests

2010 ◽  
Vol 16 (4) ◽  
pp. 1095-1101 ◽  
Author(s):  
Salih Katircioğlu
Keyword(s):  
Granger Causality ◽  
Empirical Investigation ◽  
Causality Tests ◽  
Granger Causality Tests ◽  
Bounds Test ◽  
Growth Hypothesis

THE LINKAGE BETWEEN EXPORT AND INCOME: FURTHER EVIDENCE FROM BANGLADESH

2011 ◽  
Vol 56 (01) ◽  
pp. 79-95 ◽  
Author(s):  
RUHUL A. SALIM ◽  
MOHAMMAD A. HOSSAIN
Keyword(s):  
Granger Causality ◽  
Granger Causality Test ◽  
Cointegration Analysis ◽  
Income Growth ◽  
Causality Test ◽  
Long Run ◽  
Export Expansion ◽  
Causality Tests ◽  
Granger Causality Tests ◽  
Growth Hypothesis

This article empirically re-examines the export-led growth hypothesis in the context of Bangladesh using the quarterly data from 1973:1 to 2005:4. The standard time series econometric techniques, such as cointegration and Granger causality tests within the error correction modelling (ECM) are used for this purpose. The results from cointegration analysis suggest that there is stable long-run relationship between exports and income and the results from Granger causality test based on the ECM shows unidirectional causal relationship between exports and income. Thus, these results validate the country's export expansion programs to achieve long-run income growth.

TOURISM AND GROWTH IN SINGAPORE: NEW EXTENSION FROM BOUNDS TEST TO LEVEL RELATIONSHIPS AND CONDITIONAL GRANGER CAUSALITY TESTS

2011 ◽  
Vol 56 (03) ◽  
pp. 441-453 ◽  
Author(s):  
SALIH TURAN KATIRCIOǦLU
Keyword(s):  
Granger Causality ◽  
Real Income ◽  
Income Growth ◽  
Annual Data ◽  
Equilibrium Relationship ◽  
Equilibrium Level ◽  
Causality Tests ◽  
Granger Causality Tests ◽  
Bounds Test

This paper empirically investigates the tourism-led growth (TLG) hypothesis in the case of Singapore by employing the bounds test to cointegration, error correction models and Granger causality tests using annual data from 1960 to 2007. Results confirm the existence of long-term equilibrium relationship between international tourism and economic growth in the case of Singapore; real income growth converges to its long-term equilibrium level significantly by 51.4% in the TLG model. The major finding of this study is that the TLG hypothesis is confirmed for the Singaporean economy in the long-term as a result of conditional Granger causality tests.

scholarly journals Do Operating Profits Induce a Wage Premium Equally Shared among Employees Earning High or Low Incomes?

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 81
Author(s):  
Jarle Aarstad ◽  
Olav A. Kvitastein
Keyword(s):  
Panel Data ◽  
Granger Causality ◽  
Wage Inequality ◽  
Wage Premium ◽  
Wage Increase ◽  
Low Incomes ◽  
Causality Tests ◽  
Granger Causality Tests

Panel data show that between 2001 and 2014 Norwegian industries’ increasing aggregated operating profits per employee increased average wages and wage inequality. The data imply that increasing profits, perhaps unsurprisingly, induce a wage premium. The data further imply that employees earning high incomes at the outset had the highest wage increase percentage-wise. Decreasing operating profits per employee had opposite but less robust effects on average wages and wage inequality. Panel data Granger causality tests finally showed that average wages, but not wage inequality, reversely and positively affect operating profits per employee.

scholarly journals Investment decisions within the context of financialization: Cointegration evidence from the UK economy

2016 ◽  
Vol 63 (1) ◽  
pp. 113-133 ◽  
Author(s):  
Constantinos Alexiou ◽  
Joseph Nellis
Keyword(s):  
Capital Accumulation ◽  
Investment Decisions ◽  
Causality Tests ◽  
Policy Objectives ◽  
Annual Time Series ◽  
Granger Causality Tests ◽  
Bounds Test ◽  
The Uk ◽  
Annual Time ◽  
Instrumental Role

Within the context of financialization, this empirical study sheds some light on the distributional aspects of the existing intra-capitalist conflict between financial and industrial capital and its concomitant impact, via investment, on the macroeconomy. In doing so, bounds-test cointegration techniques in conjunction with Granger causality tests provide the econometric framework upon which the respective models are tested. Annual time series were used spanning from 1971 to 2012, for the UK. The empirical evidence is in line with the theoretical exposition insofar as investment decisions by industry are significantly conditioned by industrial profit. Moreover, the distribution of profits between industry and finance, in conjunction with policy objectives, appears to be playing an instrumental role in affecting capital accumulation.

scholarly journals Sars-Cov-2 in Argentina: Lockdown, Mobility, and Contagion

2020 ◽  
Author(s):  
Juan M.C. Larrosa
Keyword(s):  
Panel Data ◽  
Granger Causality ◽  
Random Effects ◽  
Social Costs ◽  
Political Discussion ◽  
Fixed And Random Effects ◽  
The World ◽  
Causality Tests ◽  
Granger Causality Tests ◽  
Over Time

AbstractThere is a debate in Argentina about the effectiveness of mandatory lockdown measures in containing COVID-19 that lasts five months making it one of the longest in the World. The population effort to comply the lockdown has been decreasing over time given the economic and social costs that it entails. We contributes by analyzing the Argentinian case through information of mobility and contagion given answers to recurrent questions on these topics. This paper aims to fill the gap in the literature by assessing the effects of lockdown measures and the regional relaxation on the numbers of rate of new infections. We also respond to issues of internal political discussion on regional contagion and the effect of marches and unexpected crowd events. We use pool, fixed and random effects panel data modeling and Granger causality tests identifying relations between mobility and contagion. Our results show that lockdown in Argentina has been effective in reducing the mobility but not in way that reduces the rate of contagion. Strict lockdown seems to be effective in short periods of time and by extend it without complementary measures loss effectiveness. Contagion rate seems to be discretely displaced in time and resurging amidst slowly increasing in mobility.

scholarly journals Drivers of Greek and Turkish Defense Spending

2016 ◽  
Vol 51 (1) ◽  
pp. 33-46 ◽  
Author(s):  
Grzegorz Waszkiewicz
Keyword(s):  
National Security ◽  
Granger Causality ◽  
Statistical Data ◽  
Causal Relation ◽  
Middle Eastern ◽  
Defense Spending ◽  
Causality Tests ◽  
Military Expenditures ◽  
Granger Causality Tests ◽  
Political Economic

Abstract This paper evaluates the factors responsible for maintaining substantial military expenditures in Greece and Turkey. The presented research encompasses theoretical and empirical aspects. First, defense spending by both countries was analyzed based on statistical data from international sources. Next, the theoretical determinants of budgetary spending are reviewed, which consider political, economic and military factors behind high expenditures on the army in Greece and in Turkey. Finally, Granger causality tests is applied to determine whether a causal relation between variables exists in the case of these two countries. We conclude that defense expenditures in Greece and Turkey exceed the NATO average, but are relatively low relative to those of selected Middle Eastern countries. Our results indicate that high military spending level in Turkey is mainly driven by national security concerns, whereas an economic driver prevails in Greece.

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