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There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The "Washington Consensus" (WC) view holds that real exchange rate misalignment implies macroeconomic imbalances that are themselves bad for growth. In contrast, Rodrik (2008)...
Persistent link: https://www.econbiz.de/10008519476
derived from the panel cointegration techniques provide evidence of a long-run relationship among the variables. The dynamic …This article examines the impact of human capital and openness on total factor productivity (TFP) for five South Asian … these three variables in a panel framework. The results indicate that there is a long-run Granger causality running from …
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In this paper we employ recently developed panel causality and cointegration techniques to examine the long …
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1953-2004 by using panel time series econometric techniques. It is observed that openness affect economic growth positively …
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countries in Sub-Saharan Africa. The analysis is conducted using panel cointegration and causality tests which take account of …
Persistent link: https://www.econbiz.de/10008839062
emissions. This paper, therefore, applies the panel unit root tests, panel cointegration methods and panel causality test to …
Persistent link: https://www.econbiz.de/10010543316
been analyzed. This paper overcomes this major shortcoming by applying recent advances in panel cointegration and panel … economic growth than does FDI. From the panel causality tests, while the evidence of a short-run relationship is weak, that of …
Persistent link: https://www.econbiz.de/10008458545
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