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Global measure of causal intensity between real and financial spheres

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  • Samuel Bates

Abstract

The lack of theoretical consensus on the causality direction between real and financial spheres as well as on the macroeconomic importance of transmission channels drive to an empirical approach of the links between the two areas. The aim of this paper is to offer a method for the analysis of the causal structure between the two spheres according to the transmission channels. It becomes possible globally on short and long runs for a given country to better surround mechanisms intervening inside the feedback between real and financial areas.

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  • Samuel Bates, 2005. "Global measure of causal intensity between real and financial spheres," Applied Economics, Taylor & Francis Journals, vol. 37(14), pages 1635-1642.
    • Handle: RePEc:taf:applec:v:37:y:2005:i:14:p:1635-1642
    DOI: 10.1080/00036840500214306
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    4. Davidson, James E H, et al, 1978. "Econometric Modelling of the Aggregate Time-Series Relationship between Consumers' Expenditure and Income in the United Kingdom," Economic Journal, Royal Economic Society, vol. 88(352), pages 661-692, December.
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    2. Chandrashekar Raghutla & Krishna Reddy Chittedi, 2021. "Financial development, real sector and economic growth: Evidence from emerging market economies," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 6156-6167, October.

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