This study investigates the causal relationship between economic growth, energy consumption and CO2 emission in Australia using time series data for the period of 1965–2007. Johansen cointegration technique is employed to examine the long run relationship between economic growth, energy...

The paper distinguishes between 'immediate measures of the quality of civil administration' (IM-QCA), such as corruption, and the 'final measure of the quality of civil administration' (FM-QCA), which is the growth performance of an economy. The paper argues that, instead of being monotonic and...

This article investigates the causal relationship between export composition and economic growth, among others, in the case of a strongly outward-oriented country, i.e. Korea. The cointegration tests show that cointegrating vectors exist among the concerned variables. Also, the error correction...

The paper investigates the relationship between financial development and economic growth in seven Sub-Saharan Africa countries. Using the panel Granger causality test, the study finds one-way causality running from economic growth to bank developing indicators and a two-way causality between...

A theory of strongly endogenous interactive relationship in participatory development is expounded through the use of a class of models of complementarities between selected variables representing their underlying agencies. Such a model is referred to as circular causation approach and resembles...

A theory of strongly endogenous interactive relationship in participatory development is expounded through the use of a class of models of complementarities between selected variables representing their underlying agencies. Such a model is referred to as circular causation approach and resembles...

This paper aims to test the relationship between export and economic growth in the Malaysian economy from 1960 to 2005. Combining production function, and international trade and development theories, a five variable model is specified and estimated by using cointegration tests and error...

This paper examines the impact of interest rate reforms on financial deepening and economic growth in Kenya, using two models: the financial deepening model and the dynamic Granger causality model. The study attempts to answer two critical questions: Does interest rate liberalization in Kenya...

This paper reviews new growth theories (NGT) from the perspective of developing countries. It shows that despite some views to the contrary, NGT and the growth debate that it spawned have some useful lessons for developing countries. Some of these lessons and ideas were indeed available from...

The cross-country empirical literature on the finance-growth relationship has debated three propositions. These are (i) Financial deepening has a strong impact on the growth process (ii) Measures of financial “activity” rather than the “size” of the sector plays a more significant role...