Some methodological comments on 'Public investment and private capital formation in a vector error-correction model of growth' by K. H. Ghali
AbstractThe note comments on the application of Granger non-causality tests of short-run vector error correction models as attempted by Ghali. It is noted that when the dimension of VAR is greater than two, block Granger causality needs to be performed, and that checking variable to variable causality has little meaning in multivariate context as the covariance matrix is positive definite. It is also noted that identification of cointegrating relationships does not provide information on short-run structural relationships, which requires modelling of contemporaneous innovations.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 7 (2000)
Issue (Month): 9 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RAEL20
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.