This article evaluates the predictability of the equity risk premium in the United States by comparing the individual and complementary predictive power of macroeconomic variables which are popular in academia and technical indicators which are widely used by practitioners in the market using a...

This study applies the bootstrap panel causality test proposed by Kónya (2006), which accounts for both dependency and heterogeneity across countries, to test the causal link between population growth and economic growth in 21 countries over the period of 1870-2013. With regards to the...

This paper empirically analyses the causal linkages between coal consumption and economic growth in the BRICS countries using annual data from 1985 to 2009. We apply a panel causality methodology that accounts for both cross-section dependence and heterogeneity across countries. Empirical...

This study applies the recently developed bootstrap panel causality test proposed by Kónya (2006) to investigate the causal link between happiness and smoking using per capita cigarette consumption and happiness index for 5 countries (i.e. Japan, France, Germany, the UK, and the US) over the...