The long-term causality. A comparative study for some EU countries
Ioana Viașu ()
Additional contact information
Ioana Viașu: Faculty of Economics and Business Administration, West University of Timisoara
Authors registered in the RePEc Author Service: Ioana Luciana Viaşu
Computational Methods in Social Sciences (CMSS), 2015, vol. 3, issue 2, 28-35
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.
Keywords: vector autoregressive model; economic growth; causality test (search for similar items in EconPapers)
JEL-codes: C01 C32 C51 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://cmss.univnt.ro/wp-content/uploads/vol/split ... _issue_2_art.004.pdf First version, 2015 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntcmss:vol3-iss2-15-028
Access Statistics for this article
Computational Methods in Social Sciences (CMSS) is currently edited by Bogdan Oancea
More articles in Computational Methods in Social Sciences (CMSS) from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Stefan Ciucu ().