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This paper examines the relationship between democracy and economic growth in 30 Sub-Saharan African countries. As our proxy for democracy we first use the democracy index constructed by Freedom House and then check the sensitivity of our findings using, as an alternative proxy for democracy,...
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level of economic development. Using panel unit-root, panel-cointegration, and panel-Granger causality analysis, we unravel …
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evidence of cointegration. This implies that: (a) investors use the gold market as a hedge against inflation, and (b) the oil …
Persistent link: https://www.econbiz.de/10008460991
. Cointegration analysis is based on a recently developed autoregressive distributed lag approach—shown to provide robust results in …
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analysis, conducted within a cointegration and vector error-correction framework, suggests that, in the long-run, military …
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