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Stock Markets, Banks and Long Run Economics Growth: A Panel Cointegration-Based Analysis
Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz - 2013
and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …
Persistent link: https://www.econbiz.de/10010328841
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Energy consumption and economic growth revisited in African countries
Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - 2011
growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality … cointegration relationship when country groups are considered. …
Persistent link: https://www.econbiz.de/10010278854
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Infrastructure and gowth : empirical evidence
Égert, Balázs; Kozluk, Tomasz; Sutherland, Douglas - 2009
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities competition...
Persistent link: https://www.econbiz.de/10010273809
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The Globalisation-Welfare State Nexus : Evidence from Asia
Potrafke, Niklas - 2019
How globalisation influences social expenditure has been examined for industrialized countries. Globalisation has often been shown to be positively associated with social expenditure in established industrialized countries, a finding that corroborates the compensation hypothesis. Scholars have...
Persistent link: https://www.econbiz.de/10012892254
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The Short-Run and Long-Run Effects of Trade Openness on Financial Development : Some Panel Evidence for Europe
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10013227601
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Does Development Aid Increase Military Expenditure?
Langlotz, Sarah; Potrafke, Niklas - 2016
The diversion of development aid to the recipient's military may be one explanation why aid is often found to be ineffective in promoting economic growth and development. Previous studies have not derived the causal effects of development aid on military expenditure. Using a new instrumental...
Persistent link: https://www.econbiz.de/10011555530
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Individual Investments in Education and Health: Policy Responses and Interactions
Carbone, Jared C.; Kverndokk, Snorre - 2016
Empirical studies show that years of schooling are positively correlated with good health. The implication may go from education to health, from health to education, or from factors that influence both variables. We formalize a model that determines an individual's demand for knowledge and...
Persistent link: https://www.econbiz.de/10011555595
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Bitcoin and web search query dynamics: is the price driving the hype or is the hype driving the price?
Süssmuth, Bernd - 2019
search queries with regard to their mutual predictability, Granger-causality and cause-effect delay structure. The Bitcoin is … relatively high frequencies ranging from two to five months. In the other direction, causality runs from the cryptocurrency price … measure for the relevant frequency bands with significant causality ranges from slightly more than one month to about four …
Persistent link: https://www.econbiz.de/10012052781
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The Causal Effect of Trust
Bartling, Björn; Fehr, Ernst; Huffman, David B.; … - 2018
Trust affects almost all human relationships – in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people’s beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011932074
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Franchise Extension and Fiscal Structure in the United Kingdom 1820-1913: A New Test of the Redistribution Hypothesis
Aidt, Toke; Winer, Stanley L.; Zhang, Peng - 2020
increase in state-sponsored redistribution. We adopt a novel method of uncovering causality from non-experimental data proposed …
Persistent link: https://www.econbiz.de/10012207879