The Bullionist Controversy: Theory and New Evidence

Keywords: causal correlation, co-integration test, exchange rate, Granger causality test, stock price, unit roots,

To test the factors affecting the price level through the supply side cost push, our empirical results suggest that in the long run exchange rate, world wheat

We find no evidence of cointegration between the variables in the case of Indonesia and Malaysia for both Trace and Maximum Eigenvalues tests, For Thailand,

concluded that growth in electricity consumption in Pakistan Granger causes its economic growth without any. feedback

Studies of correlations and pair-wise Granger causality tests to identify lead-lag relation of equity price indices in different countries include Granger and Morgenstem (1970)

Also in this model, four independent variables (foreign income, foreign direct investment inflow, real exchange rate and export price) are the Granger causes of export

To investigate whether the S&P index Granger-causes the bitcoin price, we firstly predict the bitcoin price without considering the S&P index, as shown in Figure 2.. Then,

Bank deposits granger causes credit to the private sector, hence, providing evidence that domestic savings mobilisation matter for economic growth, even for less