This paper aims to investigate the long-run relationship between financial development and economic growth using panel unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014. The long-run relationship has been estimated using...

Purpose - The purpose of this paper is to examine the relationship between financial development, openness in financial services trade and economic growth in BRICS countries for the period 1990–2012. Design/methodology/approach - An index for financial development has been constructed using...

This study analyzes the relationship between savings, investment, and economic growth in Nepal over 1975-2016. The structural breaks in the variables have been accounted for using the (Zivot and Andrews’s, J Bus Econ Stat 10: 251-270 1992) unit root test along with (Gregory and Hansen’s, Oxf...

This paper examines the relationship between the logarithms of carbon dioxide (CO2) emissions and real Gross Domestic Product (GDP) in China by applying fractional integration and cointegration methods. These are more general than the standard methods based on the dichotomy between stationary...