Showing 1 - 10 of 1,855
Jamaica covering the period 1980-2012. The empirical results suggest there is bi-directional causality between financial … development and economic growth in Jamaica. This empirical result is consistent with the McKinnon-Shaw hypothesis in the long run …. The result further supports the hypothesis that finance is a leading sector in the growth process in Jamaica and implies …
Persistent link: https://www.econbiz.de/10010991485
The paper examines whether energy use drives economic growth or vice versa in the Indian context during 1970–71 to 2004–05. Utilizing Granger causality test, the study suggests that it is the economic growth that fuels more demand for both crude oil and electricity consumption and it is the...
Persistent link: https://www.econbiz.de/10011213069
In the energy-growth nexus, due to structural change that cannot be accounted for in the linear model this study considers the possibility of the nonlinear model. Using dataset for fifteen countries in Africa for the period 1980-2010, we found that linear model has misspecification error, thus,...
Persistent link: https://www.econbiz.de/10011268835
This paper studies the relationship between economic growth (GDP) and energy consumption (EC) by using panel data for 95 countries from 1971 to 2008. The World Bank classification helps us to divide our 95 countries into four income groups of countries: low income group, lower-middle income...
Persistent link: https://www.econbiz.de/10011252723
This paper attempts to examine the long run as well as short run relationship between Pakistan’s real GDP and energy consumption at sectoral level. The analysis is based on the time series data from 1977 to 2010. We estimate the DOLS cointegration to check the long run relationship. The...
Persistent link: https://www.econbiz.de/10009654286
The aim of present study is to probe the dynamic relationship between economic growth, energy consumption and CO2 emissions for period of 1980-2010 in case of Romania. In doing so, ARDL bounds testing approach is applied to investigate the long run cointegration between these variables. Our...
Persistent link: https://www.econbiz.de/10009226825
The debate of environmental issues and their analysis is of vital interest for economic policies. Institutions are engaged in identifying and estimating the extent of environmental impact of determinants controllable via policy measures. Annual data from the on Carbon Dioxide emission, economic...
Persistent link: https://www.econbiz.de/10009294951
This paper assesses the relationship among energy consumption, financial development, economic growth, industrialization and urbanization in Tunisia from 1971-2008. The autoregressive distributed lag bounds testing approach to cointegration and Granger causality tests are employed for the...
Persistent link: https://www.econbiz.de/10009295283
The objective of this paper is to contribute to the understanding of the linear and non-linear causal linkages between total energy consumption and economic activity, making use of annual time series of Greece for the period 1960-2008. Two are the salient features of our study: first, the total...
Persistent link: https://www.econbiz.de/10009364643
This study seeks to determine the direction of causality between energy consumption (EC) and economic growth (EG), using annual data from 1971 to 2007. In our empirical analysis, we implement a bounds-testing approach to co-integration and an augmented form of the Granger causality test to...
Persistent link: https://www.econbiz.de/10010556753