and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … a single cointegrating vector between financial development and growth and of causality going from financial development … to economic growth. We find little evidence of reverse causation as well as bi-directional causality. We interpret this …

consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price …

models in economics as conditions for balanced growth, arbitrage or solvency, the empirical literature has tended to find … little evidence for them. We argue that this outcome could be due to episodic failure of cointegration, possible two …-way causality between the variables in the ratios, and cross-country error dependence due to latent factors. We propose a new system …

January 1, 2001 to December 29, 2017, we implement the test for asymmetric non-causality of Hatemi-J (2012), the asymmetric …

, Dutch and Russian gas export prices to Germany in 1990-1998 are examined. Cointegration tests show that the different border …

We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … financial development does not have a linear positive long-run impact on economic growth in this sample. When we consider a non …-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …