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When Markets Fail: Asset Prices, Government Expenditures, and the Velocity of Money

WARBURTON, Christopher E.S. - In: Applied Econometrics and International Development 13 (2013) 2, pp. 73-92

This paper examines the contributions of financial and macroeconomic variables to the revitalisation of a depressed US economy. Using time series data from 1957 to 2011 and a binary logistic regression model, it finds that government consumption expenditure and gross investment, real personal...

Persistent link: https://www.econbiz.de/10010693488

Economic Determinants Of Development In World Economy I: 1920-2005. An Analysis of 165 Countries

BILDIRICI, Melike; SUNAL, Seçkin - In: Applied Econometrics and International Development 6 (2006) 3

Persistent link: https://www.econbiz.de/10005607499

Impact of Financial Liberalization on Welfare: Evidence from Nepal

SHRESTHA, Min B.; CHOWDHURY, Khorshed - In: Applied Econometrics and International Development 7 (2007) 1

This study aims at examining the impact of financial liberalization on welfare and presents the empirical evidence from … Nepal using ARDL modeling cointegration test method. The test results indicate that financial liberalization is positively … to the poor. From these results, it can be argued that the net impact of financial liberalization on welfare is ambiguous …

Persistent link: https://www.econbiz.de/10005063009

Energy Consumption, Co2 Emission and Economic Growth: A Revisit of the Evidence from India

TIWARI, Aviral Kumar - In: Applied Econometrics and International Development 11 (2011) 2

We examined the causality in both static and dynamic framework between energy consumption, C02 emission and economic growth in India using Granger approach in VAR framework. We found from the VAR analysis that energy consumption, capital and population Granger-cause economic growth not the vice...

Persistent link: https://www.econbiz.de/10009386015

Testing for Stochastic and Beta-convergence in Latin American Countries

ESCOBARI, Diego - In: Applied Econometrics and International Development 11 (2011) 2

This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence using two existing definitions of convergence and a new testable definition of ?-convergence. Only Dominican Republic and Paraguay were found to pair-wise converge according to the...

Persistent link: https://www.econbiz.de/10009386021

SPATIAL INEQUALITY: OVERCOMING NEIGHBORHOOD EFFECTS IN AFRICA

NGELEZA, Guyslain K.; FLORAX, Raymond J.G.M.; MASTERS, … - In: Applied Econometrics and International Development 11 (2011) 2

Spatial inequality in global economic development has left Africa with the least progress in improving living standards among developing regions of the world. Moreover, there are strong neighborhood effects within Africa. This paper revisits the explanation of unequal growth across countries in...

Persistent link: https://www.econbiz.de/10009386023

ECONOMIC FREEDOM AND ECONOMIC WELL-BEING: A GRANGER CAUSALITY ANALYSIS OF 49 COUNTRIES, 1995–2004

SARIBAS, Hakan - In: Applied Econometrics and International Development 10 (2010) 2

Most studies show that nations which have fewer restrictions on private agents and transactions tend to have higher levels of economic growth. However, it is less clear which of the disaggregated categories of economic freedom determine growth and whether or not growth granger causes economic...

Persistent link: https://www.econbiz.de/10008642416

EXPORT-LED GROWTH HYPOTHESIS IN THE MENA REGION: A MULTIVARIATE COINTEGRATION, CAUSALITY AND STABILITY ANALYSIS

Husein, J - In: Applied Econometrics and International Development 10 (2010) 2

Empirical evidence supporting the export-led growth (ELG) hypothesis has been mixed and inconclusive. Some studies may have been misspecified since they tested the ELG hypothesis using bivariate models. Others used multivariate cointegration framework but presumed (either explicitly or...

Persistent link: https://www.econbiz.de/10008642418

INEQUALITY, TRADE OPENNESS AND ECONOMIC GROWTH IN ASIA

MAJEED, Muhammad Tariq - In: Applied Econometrics and International Development 10 (2010) 2

Using a panel data set for 18 Asian countries over the period 1970-2007, this study explores the relationship between economic growth and income inequality with special focus on the role of credit market imperfections in shaping the linkage. The study identifies credit market imperfections in...

Persistent link: https://www.econbiz.de/10008642423

Assessing the Determinants of Export Diversification in Africa

ELHIRAIKA, Adam B.; MBATE, Michael M. - In: Applied Econometrics and International Development 14 (2014) 1, pp. 147-160

Diversification of production and exports is critical for African countries to promote sustainable growth and economic transformation. This paper empirically explores the long-run determinants of export diversification by estimating a cross country regression model using a panel of 53 African...

Persistent link: https://www.econbiz.de/10010764925