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growth. Data from 1987 Q1 through 2011 Q2 are utilised by implementing the fairly standard cointegration methodology in a … real GDP growth to real wage rate in the US manufacturing sector. Such causal flow is the strongest from manufacturing real … wage rate and labour productivity to US real GDP growth. The influence of manufacturing real wage and real GDP growth on …
Persistent link: https://www.econbiz.de/10010669651
The objective of this study is to investigate the causality between electricity consumption and economic growth for a … bivariate framework. To examine this linkage, we applied panel cointegration methods and panel causality test. Our results show … that 16.66% of MENA countries supported the growth hypothesis, 25% the conservation hypothesis, 33.33% the feedback …
Persistent link: https://www.econbiz.de/10011260568
(Granger-causality tests and cointegration) was used to evaluate the existence and direction of the relationship. The results …The aim of this paper is to shed light on the relationship between education and growth in Morocco. Econometric tools … show a significant short-term causality between education (proxied by enrollment rates in all three levels: primary …
Persistent link: https://www.econbiz.de/10008855555
and short-run Granger causality running from GDP to electricity consumption for Togo. The results of the cointegration … ARDL bounds testing approach of cointegration. Long-run equilibrium has been established among these variables for Benin …. The study further establishes long- and short-run Granger causality running from GDP to electricity consumption for Benin …
Persistent link: https://www.econbiz.de/10008619175
and growth in Pakistan. Furthermore, the results of causality test and variance decomposition analysis suggest a … unidirectional causality running from natural gas consumption to economic growth. Gas being the primary source of energy in Pakistan …This paper examines the relationship between natural gas consumption and economic growth in Pakistan using a …
Persistent link: https://www.econbiz.de/10009372499
under the framework of Granger causality and panel cointegration for Pakistan over the period 1981-2008. The result supports …-way causality between FDI and GDP is identified. At the sectoral level, the effects of FDI on growth vary significantly across … th e evidence of panel cointegration between FDI and output. FDI has a positive effect on output in the long run. The …
Persistent link: https://www.econbiz.de/10009393985
between economic growth, exports, imports, capital, and labor in each economy. Granger-causality tests indicate short-run in … causality (either export-led growth or growth-driven exports) in most economies. Besides, among the long-run estimated …This study reexamines the relationship between exports and economic growth in ten East Asian and Pacific economies by …
Persistent link: https://www.econbiz.de/10008677409
Odisha for the period 1980-81 to 2011-12. Results drawn from Granger causality test suggest that there is a weak linkage … between primary and secondary sectors in the growth process. In the case of primary and tertiary sector services, though the … unidirectional causality between secondary to finance, insurance, real estate and business services on one hand and transport …
Persistent link: https://www.econbiz.de/10010840456
measures on Bangladesh's growth process by analyzing the 1974-2007 data with the help of cointegration, error correction, and … Granger causality tests. The results suggest that long-run economic growth in Bangladesh is largely explained by investments … causality runs in both ways between capital account liberalization and economic growth, it runs only in one direction from …
Persistent link: https://www.econbiz.de/10011096473
additional determinant of economic growth using the framework of Mankiw (1992). The results confirm cointegration among the …The study investigates effect of trade openness on economic growth in the long run. We apply the ARDL bounds testing … series. In long run, trade openness promotes economic growth. The growth-led-trade hypothesis is vindicated by VECM Granger …
Persistent link: https://www.econbiz.de/10011113113