Granger Causalities Between Interest Rate, Price Level, Money Supply and Real Gdp in the Czech Republic

Urbanovský, Tomáš

doi:10.11118/actaun201765020745

Cited by 3 publications

(1 citation statement)

References 27 publications

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“…Furthermore, Urbanovský (2017) remarked that the change in real gross domestic product could change the interest rate. Indeed, Misztal (2011) confirmed the existence of a one-way causal relationship between gross domestic savings and GDP in the case of developed countries as well as in developing and transition countries.…”

Section: H1: the Shocks Of The Real Interest Rate Have A Positive Impact On Economic Growth In Indonesiamentioning

confidence: 99%

Do Real Interest Rate, Gross Domestic Savings and Net Exports Matter in Economic Growth? Evidence from Indonesia

Sujianto¹,

Pantas²,

Mashudi³

et al. 2020

JAFEB

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This study aims to measure the effects of real interest rate (RIR), gross domestic savings (GDS), and net exports (EN) shocks on Indonesia's economic growth (EG). The focus on Indonesia is unique due to the abundant resources available in the nation, but they are unsuccessful in boosting economic growth. This study applied a quantitative method to comprehensively analyze the correlation between variables by employing Vector Autoregression Model (VAR) combined with Vector Error Correction Model (VECM). Various procedures are preformed: Augmented Dickey-Fuller test (ADF), Optimum Lag Test, Johansen Cointegration Test, Granger Causality Test, as well as Impulse Response Function (IRF) and Error Variance Decomposition Analysis (FEVD). The data were collected from the World Bank and the Asian Development Bank from 1986 to 2017. The findings of the study indicated that economic growth responded positively to real interest rate shocks, which implies that when the real interest rate experiences a shock (increase), the economy will be inclined to growth. While, economic growth responded negatively to gross domestic savings and net export shocks. Policymakers are expected to consider several matters, particularly the economic conditions at the time of formulating policy, so that the prediction effectiveness of a policy can be appropriately assessed.

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Section: H1: the Shocks Of The Real Interest Rate Have A Positive Impact On Economic Growth In Indonesiamentioning

confidence: 99%

Do Real Interest Rate, Gross Domestic Savings and Net Exports Matter in Economic Growth? Evidence from Indonesia

Sujianto¹,

Pantas²,

Mashudi³

et al. 2020

JAFEB

View full text Add to dashboard Cite

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Determinants of Electric Car Sales in Europe

Kovárník

Staňková

2021

LOGI – Scientific Journal on Transport and Logistics

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This article deals with determining statistically significant factors affecting the sale of battery electric vehicles in different European countries. Typical representative countries were selected on the basis of cluster analysis. The input data for multiple regression models and vector autoregressive models include data for the last decade and thus essentially cover the complete history of the electric car market. Attention is paid not only to the European leader but also to countries with a lower share of electric cars. The results of this study show the existence of a common factor in the countries with different development trends in the battery electric vehicle market. However, differences among individual countries are generally so significant that the identified factors vary from country to country.

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Identification of Cause-and-Effect Relationships in the Real Estate Market Using the VAR Model and the Granger Test

Cellmer

Bełej

Cichulska

2019

Real Estate Management and Valuation

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The real estate market, as an open, complex and dynamic system, responds to changes in the environment of economic, legal or social conditions, although the pace and direction of these changes depends on the level of inertia of this system. At the same time, this market stimulates the market environment through prices. This study attempts to identify cause-and-effect relationships in the scope of the impact of selected economic and social indicators on prices of residential premises, as well as to identify the effects of price changes on these indicators. The time horizon of the study covered the years from 2008 to 2018. In the studies, to assess the stationarity of time series, an extended Dickey-Fuller test was used for the model with a free expression and linear trend, a vector autoregression model (VAR) was then constructed and Granger tests and impulse response analysis were performed using the Impulse Response Function (IRF). As a result, it was demonstrated that the response of real estate prices to the impulse from explanatory variables appears between the first and the fourth quarters, and expires after about three years.

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Granger Causalities Between Interest Rate, Price Level, Money Supply and Real Gdp in the Czech Republic

Cited by 3 publications

References 27 publications

Do Real Interest Rate, Gross Domestic Savings and Net Exports Matter in Economic Growth? Evidence from Indonesia

Do Real Interest Rate, Gross Domestic Savings and Net Exports Matter in Economic Growth? Evidence from Indonesia

Determinants of Electric Car Sales in Europe

Identification of Cause-and-Effect Relationships in the Real Estate Market Using the VAR Model and the Granger Test

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