Cointegration and Causality Analysis
Torruam Japheth Terande
Broschiertes Buch

Cointegration and Causality Analysis

Cointegration And Causality Analysis of Government Expenditure And Economic Growth In Nigeria

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The study investigates government expenditure and economic growth in Nigeria, using cointegation and causality analysis. The study employs Augmented Dickey-Fuller (ADF) unit root test, Kwiatkowski, Philips, Schmidt and Shin (KPSS) Test, Johansen based Cointegration and Granger Causality Test. The ADF and KPSS tests indicate that the series are all integrated of order one [I(1)]. The Johansen Cointegration tests indicate three long run relationships between government expenditure and economic growth. While the test for causality shows that economic growth granger-cause government expenditure. T...