Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/31426| Title: | Cointegration and Granger causality tests on Spanish and German consumer prices |
| Authors: | Saiti, Anna |
| Keywords: | Cointegration Inflation (Finance) -- Spain -- 20th century Inflation (Finance) -- Germany -- 20th century |
| Issue Date: | 2004 |
| Publisher: | University of Piraeus. International Strategic Management Association |
| Citation: | Saiti, A. (2004). Cointegration and Granger causality tests on Spanish and German consumer prices. European Research Studies Journal, 7(1-2), 93-110. |
| Abstract: | This paper employs cointegration and Granger causality tests to determine a relationship between the Spanish and the German inflation for the sample period 1976:1-1999:4 employing quarterly data. The results suggest that there is a bi-directional causality between German and Spanish inflation for the entire period as well as for the first sub-period. In the second subperiod (1986:1-1999:4) there was a stronger influence of German on Spanish prices in the short run than in the long run. This implies that not only Germany has a substantial influence on Spain, but also Spain's inflation affects Germany in a significant way. Thus, Germany can be considered as an influential country, which plays a significant role in the EU. |
| URI: | https://www.um.edu.mt/library/oar//handle/123456789/31426 |
| ISSN: | 11082976 |
| Appears in Collections: | European Research Studies Journal, Volume 7, Issue 1-2 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Cointegration_and_Granger_causality_tests_on_Spanish_and _German_consumer_prices_2004.pdf | 7.58 MB | Adobe PDF | View/Open |
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