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development has a significant positive long-run impact on economic growth. Granger-causality test based on vector error correction …Understanding the causal relationship between financial development and economic growth is important in enhancing the … development is cointegrated with economic growth in the context of Malaysia. Moreover, this test also suggests that stock market …
Persistent link: https://www.econbiz.de/10005561265
Persistent link: https://www.econbiz.de/10005407976
stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among …
Persistent link: https://www.econbiz.de/10005408149
stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among …
Persistent link: https://www.econbiz.de/10005408172
-abundant East Asia traded more heavily with the U.S. and thus engineered faster growth than did land-abundant Latin America. Factor … the pre-WWII growth of Japan, Southeast Asia's growth in the 1970s and the 1980s, and its economic crisis in the mid-1990s. …
Persistent link: https://www.econbiz.de/10005062412
affected countries. It focuses on three main countries—Indonesia, Thailand, and the Philippines. The analysis shows that there … continuum of effects, with Indonesia most heavily hit, the Philippines the least so, and Thailand somewhere in between. (b …
Persistent link: https://www.econbiz.de/10005062475
The present study applies the techniques of cointegration and Granger causality to examine the causal relationship … between industrial growth and overall economic performance in the Mexican economy. The empirical evidence presented in the … paper tries to find support in Mexico for the Kaldor’s engine of economic growth hypothesis. …
Persistent link: https://www.econbiz.de/10005556323
In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...
Persistent link: https://www.econbiz.de/10005126447
We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …
Persistent link: https://www.econbiz.de/10005412655
Time is ripe to look at the bonding institutions of Europe in a different way: as instruments able to change the … onto a path of economic growth. Questions such as under what circumstances these institutions can be created and whether …
Persistent link: https://www.econbiz.de/10005556706