The long-term causality. A comparative study for some EU countries.

Journal Title: Computational Methods in Social Sciences - Year 2015, Vol 3, Issue 2

Abstract

Confronted with the inadequacies of the macro econometric models of Keynesian inspiration, Sims (1980) formulates the famous criticism of Sims and proposes a multivariate modelling, where the only limitations are the choice of the selected variables and the number of integrated delays. An alternative to this formulation is the starting point of this article namely, only statistical data can confirm a theory. As it is well - known, the endogenous growth models usually examine all kinds of dependencies between macroeconomic variables. In this paper, we propose an analytical approach of some of these dependencies via the VAR approach, in order to put in evidence the causal effect and to do a comparative study of three EU countries Germany, France and Romania. The obtained results widely confirm the theoretical hypotheses of the endogenous growth models.

Authors and Affiliations

Ioana Viașu

Keywords

Related Articles

Quantitative methods applied in the analysis of teenagers problems

The theme of the article is the study of teenagers problems based on quantitative methods, the scientific approach is divided into two parts: the part of knowledge and the practical approach. During the...

Workplace for individuals in the context of recession

Work has been and remains a topic of interest to specialists in the field, but also for labor market actors (bearers of demand and supply, and intermediates). In the present period of economic and fi...

Evolution of the regional unemployment in Romania

Unemployment is a social and economic phenomenon, with numerous implications at the individual level and at the level of an entire population. At the macroeconomic level, unemployment may be e...

Modelling in happiness economics

In modern times, in the context of an increasingly quantitative approach to economics, welfare has been related mostly to an economic actor’s income. With increasing complexity in social and economic life, studies moving...

Establishing the health status of Romanians in a European context

We intend to analyze the opinion of the population about the health status of the individuals from 20 European countries. The self assessed health ( SAH ) data are associated to an ordinal variable X. Our final aim is to...

Download PDF file
  • EP ID EP153883
  • DOI -
  • Views 132
  • Downloads 0

How To Cite

Ioana Viașu (2015). The long-term causality. A comparative study for some EU countries.. Computational Methods in Social Sciences, 3(2), 28-35. https://europub.co.uk/articles/-A-153883