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An Empirical Study on Testing the Fisher Hypothesis in Japan

Authors: Satake Mitsuhiko;

An Empirical Study on Testing the Fisher Hypothesis in Japan

Abstract

The objective of this paper is to conduct an empirical study on testing the Fisher hypothesis in Japan. There are few studies centering on testing the Fisher hypothesis in Japan. There are several techniques that can be used to test the Fisher hypothesis. The developments in the time series analysis have led to several new tests of the Fisher hypothesis. Thus, we utilize a cointegration approach and apply two testing methods based on the VAR approach in order to examine the robustness of the results for the Fisher hypothesis in Japan. The main finding of the paper is that the partial Fisher effect, which partially supports the Fisher hypothesis, is detected in Japan. The period for this study contains l990s, i.e. the period for the development of IT industry, which does not affect this result.

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Japan
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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