capital. Theoretically, the stock of knowledge available in a country determines through innovation productivity growth. In … that way, we use a Vector Error Correction model (VECM) to evaluate the impact of human capital on productivity growth …. Productivity is approximated by the Total factors Productivity (TFP) evaluated by growth accounting method. Our estimates show that …

Average hourly productivity has often been used to draw conclusions on long run per capita GDP growth, based on the … significant wedges among the two variables – even in the long run - can be misleading. By applying both time series and panel … cointegration techniques on data on 19 OECD countries, we fail to reject the hypothesis of absence of a long run common stochastic …

real GDP per capita and military expenditures are )1(I processes, while the Larsson et al. (2001) panel cointegration test … expenditure and economic growth in selected Asian countries for the period 1989 to 2004. Our panel unit root test suggests that … indicates that economic growth and military expendirues are cointegrated. Finally, applying the panel error-correction technique …

developed methods of panel cointegration along with the popular time series methodologies such as the Johansen's cointegration … economic growth may be related to some level. In the short run, the panel causality tests point to real economic growth as the …

panel cointegration techniques and panel causality tests. Granger causality test shows that there is evidence of no … causality among variables in the short-run, while in the long-run the panel error correction model results reveal bidirectional … causality between combustible renewables and waste consumption and economic growth. The results from OLS, FMOLS and DOLS panel …

investigate the existence of stationary real exchange rates and cointegration between nominal exchange rates and relative prices …. The results from various unit root tests and cointegration test show that PPP does not seem to hold in Thailand. …

The finding of nonlinear cointegration between Asian exchange rates with the corresponding relatives prices and …

single equation regressions for cointegration. Using an updated version of the data set developed by Taylor (2002), the ILE …

Breitung’s (2001) rank tests for cointegration. Results from further analysis indicates that nominal exchange rates and …

Three well-known single equation cointegration tests are employed to test for purchasing power parity (PPP) in updated …