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
- EP ID EP153883
- DOI -
- Views 106
- Downloads 0
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....
The overlapping food and economic crises
In this paper we are looking at the cause-effect relationship between the economic, financial, demographic and food crises. Crises are interrelated and need to be viewed together, as the effects of one crisis are or may...
Large-scale natural disaster analysis in European transition countries
The first aim of this study is to identify possible natural disasters and catastrophes and to summarize the state of economic literature in the domain. Further are analyzed the methodologies used for estimating the econo...
Analyzing the health status of the population using ordinal data
We intend to estimate the health status of the people using a Gini kind index GO for measuring the inequality and a polarization indicator PO too. The both indices were applied for ordinal hea...
Migrant Labor, Unemployment and Optimal Growth
One of the arguments against migrant labor is that it has negative ef- fect on the employment of domestic labor. The question is now if the immigration has also negative effects on the other variables of the econ- omy. T...