Other results show that in French-speaking African countries, there is (1) unidirectional causality from investment (GFCF) to FD1, FD2 and FD3 only in the short run and (2) bidirectional causality between investment and FD2 in the short run. Although contrary to expectations, these results are not unusual (see, among others, Shan et al., 2001 Nyasha & Odhiambo, 2015).
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However, the study failed to find a causal relationship between economic growth and financial development when FD2 is used as a proxy. The results reported in Table 3.4, Panel B, show that English-speaking African countries exhibit a distinct unidirectional causal flow from economic development to financial development only in the short run when FD1 and FD3 are used to proxy financial development (Panel B, Models 1 and 3). However, when FD2 is used to measure financial development, there is short- and long-run unidirectional Granger-causality from financial development to economic growth. The results reported in Table 3.4, Panel A, reveal that in French-speaking African countries, there is unidirectional Granger-causality from economic growth to financial development but only in the short run when financial development is proxied by FD1 and FD3. ∗ ∗∗ and ∗∗∗ denote significance at 10%, 5% and 1% respectively. ECT coefficients and t-stats in parentheses for long-run relation. Chi-squared statistics and P-values in parentheses for short-run. Note: Null hypothesis of ‘no Granger causality’ between dependent and independent variable. Panel B: English-Speaking African Countries IHS Global Insight’s econometric and financial data are dynamically usable and save you time in your calculations and simulations.Panel A: French-Speaking African Countries
#Wald test eviews software#
Through its integrated browser, EViews Enterprise provides direct access to data from Bloomberg, Moody’s, Haver Analytics® DLX®, FAME, EcoWin, EIA®, CEIC®, Datastream®, FactSet®, or the software vendor itself, IHS Global Insight.
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EViews Enterprise: direct access to the most important databases in your businessĮViews Enterprise is the version of EViews that allows access to many external data sources, connecting via ODBC, EDX (EViews’ Database Extension Interface) or EDO (EViews’ Database Object).
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#Wald test eviews code#
It is flexible and can be used in menu mode or in programming mode, for those who prefer to code directly to perform their searches.
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