Departing from previous literature, using bootstrapped autoregressive metric causality approach which is more robust against non-stationarity and break problems than lag augmented tests, this study analyzes causal relation between economic growth and energy consumption in the Next 11 countries....

This paper examines the causality linkages between economic growth, renewable energy consumption, CO2 emissions and domestic investment in Tunisia between 1971 and 2010. Using the ARDL bounds testing approach to cointegration, long-run relationships between the variables are identified. The...

Iran’s agriculture part is one of the areas that can have an important effect on the growth of country’s economy. Concerning this, variables that can increase value added agriculture have been concentrated on and the government is supporting them. One of these policies is granting loanable...

This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using simultaneous-equation panel data models for a panel of 12 MENA countries over the period 1990–2011. Our results indicate that there is evidence of bidirectional causality between...

Economic growth and financial development are intrinsically related. Literature provides evidence that economic growth leads to financial development and financial development also leads to economic growth. The study analyzes this association between economic growth and financial development...

This study has examined the causality between disaggregated energy consumption (electricity and fossil consumption) and overall growth, agricultural and manufacturing growth in Ghana’s economy over the period 1971-2007. By employing the Augmented Dickey Fuller test all variables were found to...

This paper examines the causal relationship between energy consumption and economic growth for Turkey during 1971–2006. We employed two multivariate models, namely demand model and production model, based on vector error correction model. Then, we tested Granger causality after finding...

We estimated the impact of the performance of corporate governance on economic growth in a cross-country framework in two specifications. For analysis we have employed log liner model. We found that performance of corporate governance is significantly negatively related to the economic growth in...

The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) using...

In this paper, the link between political instability, financial depth and economic growth is investigated in both theorical and emprical model, and the emprical section of paper focus on the relationship between political instability, financial depth and economic growth in emerging countries...