Comparing alternative tests of causality in temporal systems

Geweke, John; Meese, Richard; Dent, Warren T.

doi:10.1016/0304-4076(83)90012-x

Cited by 532 publications

(203 citation statements)

References 14 publications

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“…According to the Monte Carlo evidence reported by Guilkey and Salemi [65] and Geweke et al [66], among many techniques, Granger causality tests provide the most reliable results for small sample sizes. Thus, Granger causality tests [67] based on the VAR model are applied in this study to analyze the nexus between FDI-human capital interaction, R&D-human capital interaction, and economic growth.…”

Section: Methodsmentioning

confidence: 99%

The Nexus of FDI, R&D, and Human Capital on Chinese Sustainable Development: Evidence from a Two-Step Approach

Park

2018

Sustainability

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This study examines the effect of the foreign direct investment (FDI)-human capital and R&D-human capital interactions (FDIHC and RDHHC) on Chinese development between 1991 and 2015. Based on endogenous growth theory, the study focuses on FDI, R&D, and human capital as important factors for sustained economic growth; the interactions among factors are set as the main variables affecting economic growth (GDP). In particular, this study attempts a two-step empirical analysis. First, data mining and semantic network analysis (SNA) are performed using variables as keywords; reliability and realism are reflected as variables. Second, using the vector error correction model (VECM), the study analyzes short and long run mutual influences between variables. The results show that, in data mining and SNA with FDI and R&D as keywords, words related to human capital show high frequency, centrality, and clustering. This finding implies that FDIHC and RDHHC have robustness as variables and can be used as interaction variables. According to the VECM results, FDIHC and RDHHC have positive influences on GDP in the short and long run. The results of a variance decomposition test show that RDHHC has strong mid-to long-run impacts on GDP, FDIHC, and R&D itself.

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Section: Methodsmentioning

confidence: 99%

The Nexus of FDI, R&D, and Human Capital on Chinese Sustainable Development: Evidence from a Two-Step Approach

Park

2018

Sustainability

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“…Though the relative performance of various procedures stands far from settled, recent Monte Carlo studies by Guilkey and Salemi [8] and Geweke, Meese and Dent [6] have compared, among others, the performance of these procedures and concluded that Granger's method for testing causal ordering is superior to others. Therefore, Granger's method is employed in this study for investigating the causal relationship between infant mortality and fertility.7 6.…”

Section: Estimation Techniquementioning

confidence: 99%

The Infant Mortality-Fertility Debate: Some International Evidence

Chowdhury¹

1988

Southern Economic Journal

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“…By comparison, the absence of such effects for the Nissan afilliates is striking. Tables 8a and 8b give the regression estimates of equation 2 on the determinants of inventory chartges.20 While these regressions explain only a small proportion of the Table 7 gives significance "levels obtained using the Wald test wcommended by Geweke, Meese and Dent (1983).…”

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confidence: 99%

Inventory Reduction and Productivity Growth: Linkages in the Japanese Automotive Industry

1999

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The literature on JIT production suggests a causal link between work-in-process inventory and manufacturing productivity.Such a connection has been described in numerous case studies but never tested statistically. This paper uses historical data for 52Japanese automotive companies to evaluate the inventory-productivity relationship. We find that firms increased their productivity rank during periods of substantial inventory reduction.More detailed tests suggest that inventory reductions stimulated gains in productivity: on average, each 10°/0 reduction in inventory led to about a 10/0gain in labor productivity, with a lag of about one year. Such effects were more immediate for Toyota affiliates but undetectable for close suppliers of Nissan. These findings imply that inventory reduction served as an important driver of process improvement for many Japanese automotive companies, although some firms emphasized other methods.

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Comparing alternative tests of causality in temporal systems

Cited by 532 publications

References 14 publications

The Nexus of FDI, R&D, and Human Capital on Chinese Sustainable Development: Evidence from a Two-Step Approach

The Nexus of FDI, R&D, and Human Capital on Chinese Sustainable Development: Evidence from a Two-Step Approach

The Infant Mortality-Fertility Debate: Some International Evidence

Inventory Reduction and Productivity Growth: Linkages in the Japanese Automotive Industry

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