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unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014 … exists a cross-sectional dependence across the countries. The Pedroni’s panel cointegration analysis provides clear support …This paper aims to investigate the long-run relationship between financial development and economic growth using panel …
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-income countries over the period 1970-2009. The paper employs non-stationary heterogeneous panel cointegration techniques that take …
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