of cointegration is sufficient to testify the existence of a long-run relationship among the variables of a particular …. In order to achieve the objective of the study, modern econometric methodologies such as unit root tests; cointegration …

disaggregating growth of real GDP per capita into economic growth generated by tourism and by other industries. Second, we analyze if … using the cointegration test by Johansen and the Granger Causality test. We find empirical evidence for one cointegrated … vector among real GDP per capita, Colombian tourism expenditures and real exchange rates, where the latter two variables are …

twentieth. From the existing data for the Colombian economy, it is reconstructed one of the first series of regional GDP in …

and Greece in the period of 1956-2003 using yearly data. Therefore we use Engle-Granger cointegration methodology and …

). Autoregressive distributed lag bounds testing approach to cointegration provides empirical evidence for the existence of a long …-run equilibrium relationship with 1% growth in GDP being tied up with 3.2% growth in CO2 emissions in the US. Increase in crude price … emission Granger causing the rise and fall of real GDP. Deviations from long-run equilibrium are seen to Granger cause changes …

. Stationarity tests reveal that both series are non-stationary, or I(1). Moreover, we found a cointegration relationship between the … two variables. The short-run dynamics of the variables show that the flow of causality runs from energy use to GDP, and … conclude that energy is a limiting factor to GDP growth in Italy. …

positive signs in the cointegration equation. The results show that imports and exports Granger caused GDP and imports Granger …This study utilizes cointegration and Granger-causality tests to examine the relationship between trade and economic …. Import expansion increases exports that affect the GDP growth. …

The growth rate of real GDP per capita in the biggest OECD countries is represented as a sum of two components – a … growth rate is modelled by an inverse function of real GDP per capita with a constant numerator. This numerator is equivalent … to a constant annual increment of real GDP per capita. For the most advanced economies, the GDP estimates between 1950 …