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

The issue of statistical power for overall model fit in evaluating structural equation models

Statistical power is an important concept for psychological research. However, examining the power of a structural equation model (SEM) is rare in practice. This article provides an accessible review of th...

Developing a High Performance Software Library with MPI and CUDA for Matrix Computations

Nowadays, the paradigm of parallel computing is changing. CUDA is now a popular programming model for general purpose computations on GPUs and a great number of applications were ported to CUDA obtaining speedups of orde...

Demand for Energy and Energy Generation: Does Regional Energy Policy Play a Role?

Does regional energy policy play a role in regional energy generation? What does the implication of the current industrialization trend mean for the generation and the supply process across regions? And to what extent do...

The Likert scale analysis using parametric based Structural Equation Modeling (SEM)

The Likert scale is commonly used in survey research using primary and secondary data to measure the respondent attitude by asking insofar to which they agree or disagree with a particular questions....

Load profiles analysis for electricity market

In the wake of electric power system transition towards smart grids, and the adoption of the electric market schemes, electric utilities are facing the need of a better load profiles understanding for their customers. In...

Download PDF file
  • EP ID EP153883
  • DOI -
  • Views 133
  • 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