Vector Error Correction Modeling of COVID-19 Infected Cases and Deaths

2022 ◽  
Vol 11 (1) ◽  
pp. 205-244
Keyword(s):  
Error Correction ◽  
Vector Error Correction ◽  
Vector Error ◽  
Error Correction Modeling

scholarly journals Test FOR Dynamic Relationship between Financial Development and Economic Growth in Malaysia: A Vector Error Correction Modeling Approach

2007 ◽  
Vol 9 (1) ◽  
pp. 61 ◽  
Author(s):  
Rosilawati Amiruddin ◽  
Abu Hassan Shaari Mohd Nor ◽  
Ismadi Ismail
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Financial Development ◽  
Impulse Response Function ◽  
Vector Autoregressive ◽  
Vector Error Correction ◽  
Dynamic Relationship ◽  
Vector Error ◽  
Error Correction Modeling

This paper purports to study the effectiveness of financial development to Malaysian economic growth utilizing quarterly data. In view of the priority given to dynamic relationship in conducting this study, Vector Autoregressive (VAR) method which encompasses Johansen-Juselius’ Multivariate cointegration, Vector Error Correction Model (VECM), Impulse Response Function (IRF), and Variance Decomposition (VDC) are used as empirical evidence. The result reveals a short-term and long-term dynamic relationship between financial development and economic growth. The importance of financial sector in influencing the economic activity is proven as a clear policy implication.

scholarly journals Relationship between sectoral exports and economic growth - A vector error correction modeling for Vietnamese fishery sector 1997 – 2008

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Nguyen Minh Duc ◽  
Nguyen Anh Tram
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Reverse Direction ◽  
Vector Error Correction ◽  
Vector Error ◽  
Long Run ◽  
The One ◽  
Vector Error Correction Models ◽  
Error Correction Modeling ◽  
Econometric Approach

Numerous literatures have documented the relationship between exports and economic growth of a nation but not so many on the one between exports of an economic sector and national growth. This paper examines the latter relationship with evidence from fishery exports of Vietnam during 1997 to 2008. The contribution of fishery sector in Vietnamese Gross Domestic Products (GDP) may be mathematically calculated with statistical figures. However, the effects of fishery exports on the economic growth are yet to be thoroughly studied in an econometric approach. An econometric approach with stationary and co-integration tests and vector error correction models used in this study allows forecasting a persistence of the effects of fishery exports on Vietnamese GDP despite of different seasonal business. For the long run estimation, a double increase in national fishery exports revenue would raise the GDP by 7%. This has a great economic meaning in developing process of Vietnamese economy. In reverse direction, Vietnamese fishery exports would increase by 5.2% with a 10% increase in its GDP. Confirming the role of fishery exports in national economic growth, it is necessary for the sector to improve its competitive capacity.

scholarly journals An Investigation of the Effectiveness of Financial Development in Pakistan

2008 ◽  
Vol 13 (2) ◽  
pp. 27-44 ◽  
Author(s):  
Muhammad Tahir
Keyword(s):  
Economic Development ◽  
Error Correction ◽  
Financial Development ◽  
Output Variable ◽  
Vector Error Correction ◽  
Vector Error ◽  
Long Run ◽  
Error Correction Modeling ◽  
The Relationship ◽  
Correction Terms

This study attempts to discern the relationship between economic and financial development in Pakistan for the period 1973 - 2006. Vector error-correction modeling is used to identify the causality between economic and financial development and the exogeneity of the variable(s) in the model. These error correction terms have been derived from Johansen’s multivariate cointegrating procedure. Results indicate that, in the long run, economic development causes financial development. Furthermore, the real output variable is found to be exogenous. Thus, financial development is seen to be ineffective in terms of economic development determination in Pakistan.

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