Forson, Joseph Ato; Buracom, Ponlapat; Baah-Ennumh, … - In: Contemporary economics 9 (2015) 3, pp. 299-317
control variables. To test for causality in the face of cointegration, a vector error correction model (VECM) is used in place … causal direction. Our estimation results suggest GDP growth has one cointegrating vector relationship with corruption, EU aid … to GDP growth and a short-run unidirectional causal relationship from trade to GDP growth. Corruption (which is a …