Mahmood, Tahir; Ahmad, Eatzaz - In: Empirica 41 (2014) 4, pp. 777-801
This study analyzes the relationship between output growth and investment in a panel of 20 regions of Finland over the period 1975–2007. This regional study uses Granger non-causality and error-correction models. The most important finding of this study is a unidirectional causality which runs...