The paper describes tests of hypotheses from economic history concerning the significance of financial development as a determinant of economic growth. By invoking co-integration and causality tests for 12 representative countries that corroborate our analysis, evidence shows that the finance...

This study investigated the causal relationship between credit market development and economic growth for Ireland for the period 1978-2007 using a vector error correction model (VECM). The purpose of this study was to investigate the short-run and the long-run relationship between the examined...

This study examines the relationship between foreign portfolio investment (FPI) and Malaysia’s economic performance. In particular, the study analyses the relationship between FPI and real gross domestic product (GDP) using the widely adopted Granger causality test and the more recent Toda and...

This study applies the bootstrap panel causality test proposed by Kónya (2006), which accounts for both dependency and heterogeneity across countries, to test the causal link between population growth and economic growth in 21 countries over the period of 1870-2013. With regards to the...

This paper aims at analyzing the possible influence of foreign direct investment (FDI) on economic growth in the particular case of Middle East and North African countries (MENA). During the last years, the relation between FDI and growth in LDCs has been discussed extensively in the economic...

Comme Saint-Paul (2001) montre que des travailleurs avec des niveaux de productivité proches ont tendance à se retrouver dans les mêmes firmes, on peut s’interroger sur le pouvoir sélectif des mécanismes de rémunération. Le modèle théorique de Lazear (2000) met en avant l’existence...

Two groups of applied econometricians have figured prominently in empirical studies of growth convergence. In terms of a popular caricature, one group believes it has found a black hat of convergence (evidence for growth convergence) in the dark room of economic growth, even though the hat may...

This paper examines the causal relationship between oil consumption and economic growth in the BRICS countries using annual data from 1985 to 2011. We employ a bootstrap panel causality approach based on meta-analysis in heterogeneous mixed panels which accounts for both cross sectional...

This paper re-examines the nature of the causality between natural gas consumption and economic growth in G-7 countries using a Granger causality procedure based on meta-analysis in heterogeneous mixed panels which takes into account cross-sectional dependence and heterogeneity across countries....

This paper examines the causal relationship between renewable energy consumption and economic growth for the G7 countries using annual data from 1990 to 2011. We implement a bootstrap panel causality procedure which allows us to circumvent the data limitation while accounting for the...