Multivariate causality

Multivariate causality between financial depth and economic growth in Nigeria

Jude Okechukwu Chukwu and Cletus Chike Agu
African Review of Money Finance and Banking 2009, pp. 7-21

The study adopts the multivariate VECM to investigate the causality between financial depth and economic growth in Nigeria from 1971 to 2008. The results suggest that financial depth and economic growth have a stable long-run relationship. The study [...]

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Does financial development cause economic growth in the ASEAN-4 Countries?

Shabri Abd. Majid and Mahrizal
Savings and Development Vol. 31(2007), No. 4, pp. 369-398

This paper empirically examines the short- and long-run finance-growth nexus during the post-1997 financial crisis in the ASEAN-4 countries (i.e., Indonesia, Malaysia, Thailand and the Philippines) by employing battery of times series techniques [...]

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