اختبار سببية Toda-yamamoto بين معدل التضخم وسرعة دوران النقود في الجزائر خلال الفترة 1990-2019

Abstract

This study aims at research for causal Relationship between the inflation rate and the velocity of money in Algeria, using a methodology to test the causation of Toda and Yamamoto, which depend on the model (VAR), through which We search her to explore the direction of the relationship between the two variables, The data used are annual data for the period (1990-2019), Subjecting study variables to a unit root test which showed that the inflation rate is stable at the first difference and the velocity of money is stable at the level. The results of the study showed a longterm causal relationship That trends frome inflation to the velocity of money.