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Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the … controlling inflation in Pakistan. The present study fills the gap in the literature by analyzing the nexus of monetary policy …, inflation and growth in Pakistan. The results indicate that credit to private sector, the variable of financial depth, real …
Persistent link: https://www.econbiz.de/10011938320
-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … Langfristbeziehung differenziert werden. In der Tat deutet Kointegration zwischen den gemeinsamen Faktoren der zugrundeliegenden …. Kausalitätstests ergeben eine bidirektionale kausale Beziehung zwischen Energieverbrauch und Wirtschaftswachstum. …
Persistent link: https://www.econbiz.de/10010273561
-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international …
Persistent link: https://www.econbiz.de/10010274071
expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that …
Persistent link: https://www.econbiz.de/10010312651
In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...
Persistent link: https://www.econbiz.de/10010315553
In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...
Persistent link: https://www.econbiz.de/10010285825
The rapidly growing literature on the relationship between energy consumption and economic growth has not univocally identified the real causal relationship yet. We argue that bivariate models, which analyze the causality at the level of the total economy, are not appropriate - especially in...
Persistent link: https://www.econbiz.de/10010286742
This paper reviews the main features of the banking and financial sector in ten new EU members, and then examines the relationship between financial development and economic growth in these countries by estimating a dynamic panel model over the period 1994-2007. The evidence suggests that the...
Persistent link: https://www.econbiz.de/10010271094
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10010321740
Since World War II, mortality has declined in the developing world. This paper examines the effects of this mortality … utility through its status. The decline in mortality stimulates investment and generates an income stream which promotes …-seeking is strong, then the decline of mortality decreases population growth below its original level. …
Persistent link: https://www.econbiz.de/10010276154