Using two data series, namely GDP and the index of industrial production, we study the relationship between output variability and the growth rate of output. Ng-Perron unit root test shows that the growth rate of GDP is non-stationary but the growth rate of industrial output is stationary. Thus,...

This paper uses panel data from 88 countries to examine the relationship between per capita GDP and per capita energy consumption. The results show that per capita GDP and per capita energy consumption are cointegrated. Also, there is a two-way short-run, long-run and strong causality between...

Proposes an economic-growth model that adheres to the salient features of the European economies during the millennium prior to the Industrial Revolution and shows how the Industrial Revolution, generated by the model, can be conceptualized as an escape from the Malthusian trap.

Proposes an economic-growth model that adheres to the salient features of the European economies during the millennium prior to the Industrial Revolution and shows how the Industrial Revolution, generated by the model, can be conceptualized as an escape from the Malthusian trap.

Constructs and analyzes an index of industrial Production for Hungary between 1830-1913.

Considers the effect of non-stationarity on the analysis of the effect of banks on economic growth in Germany in the late-19th and early-20th centuries.

Argues that the decline in physical stature of the American population beginning with 1835 was related to the concomitants of the onset of modern economic growth and not entirely to changes in the disease environment.

The purpose of the present Evaluation Study is to discuss the methodological problems researchers are facing in gauging the impact of aid on economic growth. The discussion is nontechnical and aimed at an audience without much prior knowledge in the fields of macroeconomics and econometrics. The...

The purpose of the present evaluation study is to discuss the empirical studies that attempt to estimate the impact of foreign aid on economic growth. The study draws on a previous evaluation study (Dalgaard and Hansen, 2009), which introduces the general econometric methodology involved in...

This study examines both short-run and long-run causal relationship between stock market capitalization, trade openness and economic growth in Thailand. Quarterly data over the period from the first quarter of 1993 to the fourth quarter of 2013 are used in the analysis. The results from this...