This study investigated the causal relationship between credit market development and economic growth for Ireland for the period 1978-2007 using a vector error correction model (VECM). The purpose of this study was to investigate the short-run and the long-run relationship between the examined...

This paper addresses the question: does stock market development cause growth? It examines the causal linkage between stock market development, financial development and economic growth. The argument is that any inference that financial liberalisation causes savings or investment or growth, or...

The paper describes tests of hypotheses from economic history concerning the significance of financial development as a determinant of economic growth. By invoking co-integration and causality tests for 12 representative countries that corroborate our analysis, evidence shows that the finance...

Background: Banking is an important sector of Pakistan’s economy. It is general consideration that bank’s major activities saving and lending have positive impact on economic growth. So the aim of this study is to investigate this consideration and also investigate that either growth led...

ABSTRAK Penulisan ini bertujuan mengkaji corak hubungan antara pembangunan ekonomi dengan pertumbuhan industri pelancong di beberapa negara utama ASEAN iaitu Malaysia, Thailand, Singapura dan Indonesia. Khususnya kajian cuba menguji hipotesis sama ada perkembangan industri pelancongan sebagai...

Background: Banking is an important sector of Pakistan's economy. It is general consideration that bank's major activities saving and lending have positive impact on economic growth. So the aim of this study is to investigate this consideration and also investigate that either growth led...

This paper examines causalities among foreign direct investment (FDI), economic growth (GTH), and financial development proxied by both equity market size (EQM) and bank credit to private sectors (BANK). We use a structural cointegration model with a vector error correction (VEC) mechanism to...

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...

The paper examines whether energy use drives economic growth or vice versa in the Indian context during the period 1970-71 to 2004-05. Utilizing the Granger causality test, the study suggests that it is the economic growth that fuels more demand for both crude oil and electricity consumption and...