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Vector Error Correction

Survey of Money- Output Causality: Case Study of Iran, Based on Vector Error Correction Model (VECM)

Survey of Money- Output Causality: Case Study of Iran, Based on Vector Error Correction Model (VECM)

... This paper contributes to the literature based on previous applied studies such Fahlino [3].Our study has been fallowed in a multivariate framework and within the environment of vector ...

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Exchange Rate Pass through in Nigeria: Evidence from a Vector Error Correction Model

Exchange Rate Pass through in Nigeria: Evidence from a Vector Error Correction Model

... This paper investigates the pattern of exchange rate pass-through to import and consumer prices in Nigeria between 1986Q1 and 2007Q4 based on vector error correction model. It was recognized in the ...

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Assessment of the Effect of Inflation on Nigeria’s Economic Growth: Vector Error Correction Model Approach

Assessment of the Effect of Inflation on Nigeria’s Economic Growth: Vector Error Correction Model Approach

... The table 4 above illustrates the estimation results of the vector error correction model (VECM). The results indicated that the a priori expectation is satisfied; hence, the stability condition is ...

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Monetary Policy Instrument and Inflation in South Africa: Structural Vector Error Correction Model Approach

Monetary Policy Instrument and Inflation in South Africa: Structural Vector Error Correction Model Approach

... Since the adoption of inflation rate targeting policy, there has been a great concern on the effectiveness of monetary policy to curb inflation in South Africa. The effectiveness of the repo rate as a policy instrument ...

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Stochastic Search Variable Selection in Vector Error Correction Models with an Application to a Model of the UK Macroeconomy

Stochastic Search Variable Selection in Vector Error Correction Models with an Application to a Model of the UK Macroeconomy

... Empirical macroeconomic modelling is typically a complicated affair, involv- ing many time series variables. For instance, the UK macroeconomic models considered in this paper are based on the influential model of ...

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Export Performance and Economic Growth in East Asian Economies – Application of Cointegration and Vector Error Correction Model

Export Performance and Economic Growth in East Asian Economies – Application of Cointegration and Vector Error Correction Model

... In order to observe the relationship between exports and economic growth for East Asian economies during 1980-2012, this study constructed multivariate framework using the variables GDP per capita, exports, imports, ...

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The Linkage Between Population Growth, Gdp And Food Security In Oman: Vector Error Correction Model Analysis

The Linkage Between Population Growth, Gdp And Food Security In Oman: Vector Error Correction Model Analysis

... and vector error correction model (VECM) approach have been used to identify the long term and short-term relationship of food security ...The error correction term suggests that 98 ...

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The Reasons for Foreign Exchange Reserves Accumulation in Hong Kong: A Cointegration and Vector Error Correction Approach

The Reasons for Foreign Exchange Reserves Accumulation in Hong Kong: A Cointegration and Vector Error Correction Approach

... There are two main methods for cointegration test. The first one is introduced by Engle and Granger (1987) and is based on unit root tests. If the residual of the regression is stationary or the combination of the ...

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Defence Expenditure And Economic Growth In Nigeria: A Vector- Error Correction Model (VECM) Approach

Defence Expenditure And Economic Growth In Nigeria: A Vector- Error Correction Model (VECM) Approach

... This paper investigates the relationship between defence expenditure and economic growth proxy by gross domestic product (GDP). In addition to these variables, a number of macroeconomic variables, which include exchange ...

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Factors Affecting Sesame Seed Exports in Burkina Faso: The Vector Error Correction Approach

Factors Affecting Sesame Seed Exports in Burkina Faso: The Vector Error Correction Approach

... Burkina Faso's (BFA) dependence on a single export crop, namely cotton, has so far threatened its economy since the fluctuating and uncontrollable drops in world cotton prices. The diversification of cash crops has ...

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Implications of Oil Price Shocks for Monetary Policy in Ghana: A Vector Error Correction Model

Implications of Oil Price Shocks for Monetary Policy in Ghana: A Vector Error Correction Model

... a Vector Error Correction Model to explore the long run and short run linkages between the world crude oil price and economic activity in Ghana for the period 1970:1 to ...

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Determinants of Ethiopian Trade Balance: Vector Error Correction Model (VECM) Approach

Determinants of Ethiopian Trade Balance: Vector Error Correction Model (VECM) Approach

... implements error correction model to analyze a time series data from 1981-2011, collected from World ...The vector error correction model of the short-run regression shows that the ...

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External Debt and Economic Growth in Ghana: A Co integration and a Vector Error Correction Analysis

External Debt and Economic Growth in Ghana: A Co integration and a Vector Error Correction Analysis

... using Vector Error Correction ...and vector error correction to examine the external debt-growth nexus in Tanzania from 1990 to ...an error correction on annual ...

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The Effect of Macroeconomic Variables on the Capital Structure Decisions of Indian Firms: A Vector Error Correction Model/ Vector Autoregressive Approach

The Effect of Macroeconomic Variables on the Capital Structure Decisions of Indian Firms: A Vector Error Correction Model/ Vector Autoregressive Approach

... This paper sheds light on how the macroeconomic variables affect the capital structure decisions in context to the equity market timing theory, for the firms of an emerging economy - India. The analysis is done through ...

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Government spending in education and economic growth in Cameroon:a Vector error Correction Model approach

Government spending in education and economic growth in Cameroon:a Vector error Correction Model approach

... a vector error correction model ...estimated error correction model shows that an increase of 1% of the growth rate of private gross fixed capital formation and government education ...

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EXPLORING THE EFFECT OF HEALTH ON ECONOMIC GROWTH IN NIGERIA: A VECTOR ERROR CORRECTION MODEL APPROACH

EXPLORING THE EFFECT OF HEALTH ON ECONOMIC GROWTH IN NIGERIA: A VECTOR ERROR CORRECTION MODEL APPROACH

... The vector error correction term in column two has the expected negative sign and is statistically significant with t - value that is greater than two ...

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The Impact Of Dividend Payments On Shareholders Wealth: Evidence From The Vector Error Correction Model

The Impact Of Dividend Payments On Shareholders Wealth: Evidence From The Vector Error Correction Model

... The results from the vector error correction estimates confirm the previous results obtained. The results suggest that there is a long-run relationship between the dividend per share and the market ...

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Asymmetric Inflation Hedge of Housing Return: A Non-linear Vector Error Correction Approach

Asymmetric Inflation Hedge of Housing Return: A Non-linear Vector Error Correction Approach

... the vector error correction model (VECM) used by Lu and So (2001), Glascock, Lu and So (2002), Apergis (2003), and the vector autoregressive (VAR), applied by Glascock, Lu and So (2000) and ...

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Property crime and macroeconomic variables in Malaysia: Some empirical evidence from a vector error correction model

Property crime and macroeconomic variables in Malaysia: Some empirical evidence from a vector error correction model

... Our vector-error-correction model and the variance decomposition results suggest that the property crime rate in Malaysia cannot be explained properly by the macro-financial economic ...

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Credit Supply and Rice Output in Nigeria: Empirical Insight from Vector Error Correction Model Approach

Credit Supply and Rice Output in Nigeria: Empirical Insight from Vector Error Correction Model Approach

... to Ijaiya and Ijaiya (2003) the importation is occasioned by the neglect of agricultural sector by the government overtime. In the literature, empirical studies have shown that credit supply positively and significantly ...

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