A power comparison between autocorrelation based tests

Hajria, Raja Ben; Khardani, Salah; Raïssi, Hamdi

doi:10.1016/j.spl.2018.07.015

Cited by 3 publications

(3 citation statements)

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“…It is a complex test, but has demonstrated numerous regression analysis that are relevant in certain situations. As per Hajria, Khardani [45], the Breusch Godfrey test for the ARDL model evaluates the correlation and thereby concerns the quality of the compatibility. According to Mohseni and Jouzaryan [46] and Sapic, Obradovic [26], Cumulative Sum (CUSUM) test is referred to check the stability of the selected method.…”

Section: Plos Onementioning

confidence: 99%

“…Since the p value of LM test is 0.4348 and it is less than 5%,the null hypothesis can be rejected and there is no serial correlation between residuals. However, Hajria, Khardani [45] stated the goodness-of-fit examining Breusch-Godfrey LM test in Autoregressive models. If the null hypothesis is rejected, there is autocorrelation in the residuals.…”

Section: Plos Onementioning

confidence: 99%

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Driving the pulse of the economy or the dilution effect: Inflation impacting economic growth

et al. 2022

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Economic growth becomes a critical component in the development of every country since it enhances living standards and other related concerns while eliminating poverty. As a developing country, Sri Lanka must place more emphasis to achieve sustainable economic growth. In addition, various factors have positive and negative impacts on economy’s growth. As such, the specific goals of any economy are to sustain long-term economic growth and low inflation. As a result, generally, high inflation is destructive for an economy and low inflation is beneficial. Therefore, it is worth investigating the impact of inflation on economic growth concerning a stable inflation level. This study examines the impact of inflation on economic growth in Sri Lanka by employing the Auto Regressive Distributed Lag model as the estimation technique. Furthermore, the findings illustrate a negative relationship between inflation and economic growth in the short run; when inflation increases by 1%, economic growth decreases by United States Dollar (USD) 3,427.94 million and long run economic growth declines by 107,263.8 million USD. Subsequently, with the current economic reality of Sri Lanka, the macroeconomic policies should be adaptable to maintain the stability of the inflation rate for a sustainable economy.

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Section: Plos Onementioning

confidence: 99%

Section: Plos Onementioning

confidence: 99%