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capital. Theoretically, the stock of knowledge available in a country determines through innovation productivity growth. In …. Productivity is approximated by the Total factors Productivity (TFP) evaluated by growth accounting method. Our estimates show that … direct effect of human capital on TFP growth between 1960 and 2001 is greater than innovation capability (Higher education …
Persistent link: https://www.econbiz.de/10005621943
privatization, liberalization as well as a radical restructuring of these industries. However, there is no consensus that the … also lists some policy suggestions with crucial importance. Since the rapid electricity demand growth is the most …
Persistent link: https://www.econbiz.de/10008740582
This paper examined the role of export in the economic growth process in Nigeria. Time series data ranging from 1970 to … economic growth and export are integrated of order one, i.e. 1(1). The cointegration test confirmed for model 1 and model 2 … (where total exports and oil exports are used respectively as proxy for Nigeria exports) that economic growth and export are …
Persistent link: https://www.econbiz.de/10011258898
In order to test the existence of Thirlwall’s law for Turkey during the period of 1980-2008, bounds test approach to cointegration is applied. The empirical results suggest that Thirlwall’s law holds for Turkey. This study also suggests some policy recommendations to curb the deficits in the...
Persistent link: https://www.econbiz.de/10011259089
granger causality tests indicate a long-run relationship between electricity consumption and GDP growth for all countries …
Persistent link: https://www.econbiz.de/10011259340
The aim of this paper is to investigate the causal relationship between electricity consumption and GDP growth for the … consumption and GDP growth in the long-run while results of the short-run reveal unidirectional causality relationship between the …
Persistent link: https://www.econbiz.de/10011259770
The objective of this study is to investigate the causality between electricity consumption and economic growth for a … that 16.66% of MENA countries supported the growth hypothesis, 25% the conservation hypothesis, 33.33% the feedback … hypothesis and 25% the neutrality hypothesis. Furthermore, we found that 14.28% of MENA energy exporters supported the growth …
Persistent link: https://www.econbiz.de/10011260568
-run relationship between financial development and economic growth. An augmented form of Granger causality analysis is implemented to … uni-directional causation from financial development to economic growth. …
Persistent link: https://www.econbiz.de/10005621866
reduce the wastage of electricity, which would not affect future economic growth in the community. …
Persistent link: https://www.econbiz.de/10008619175
growth are cointegrated and thus exhibit a reliable long run relationship. The Granger causality test findings indicate that … the causality between Institutions and growth is uni-directional. However, there is no short run causality from … Institutions to growth and vice versa. Therefore, as a policy implication that institutional quality may cause to the sustainable …
Persistent link: https://www.econbiz.de/10008567653