Lee, Hsiu-Yun; Lin, Kenneth; Wu, Jyh-Lin - In: Applied Economics Letters 9 (2002) 6, pp. 411-414
This paper discusses the reliability of using a Granger causality test to find an engine of growth. The paper first focuses on growth models' cointegration implications since causality must exist in an error-correction model. As a complementary, Monte Carlo experiments with independently...