Should I use panel causality Model?
Posted: Wed Aug 22, 2012 9:50 pm
I want to test causality between Stock market index return and Mutual funds Return (22 mutual funds).
I am interested in total effect of mutual fund industry rather each of the mutual funds' impact on stock market.
Should I use panel causality model or not.
if yes, then should i use two step E-G causality test, as many researchers indicate 2-step method is not flawless.
I am interested in total effect of mutual fund industry rather each of the mutual funds' impact on stock market.
Should I use panel causality model or not.
if yes, then should i use two step E-G causality test, as many researchers indicate 2-step method is not flawless.