Abstract
This paper examines the ability of the composite leading index of economic activity to predict future movements in GDP growth using a nonlinear Granger causality test. Our empirical results are shown to contrast sharply with those from the conventional linear causality test.
Original language | English |
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Pages (from-to) | 93-99 |
Number of pages | 7 |
Journal | Economics Letters |
Volume | 77 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2002 Sep |
Bibliographical note
Funding Information:The author is grateful to Ioannis Asimakopoulos for sharing his program. This research was supported by the Hallym Academy of Sciences at Hallym University in South Korea, 2002-1. The usual disclaimer applies.
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics