Using recently developed panel data techniques on data for 43 developing countries over the period 1970-98, this paper provides an exhaustive analysis of casuality between aggregate private investment and financial development. GMM estimation on averaged data, and a common factor approach on...

This paper provides an exhaustive analysis of the key factors that led to rising global energy demand, based on an OECD sample and a non-OECD sample over the period of 1980-2009. In addition to income and price elasticities traditionally examined, this research takes into account the effects of...