The present paper examine the nexus between road traffic accident (RTA) and some relevant variables in Saudi Arabia over the period 1971-2012, using the autoregressive distributed lag ARDL model (Pesaran and Shin, 1999) for co-integration in Saudi Arabia, with the co-integration test. Results...

Conventional monetary theory suggests that a closed system banking regime may lead to in-concert overexpansions of circulation by its banks. However, Selgin (2001, 2010) argues that this is unlikely as long as there are enough banks to ensure (i) routine interbank settlement and (ii) no...

The influx of shipping receipts from the world's leading fleet has been critical for the development of the Greek economy. Following the disastrous September of 2008, the range and speed of the shift in direction of the freight rates, combined with the general economic and credit climate, have...

This paper investigates the effects of public investment in infrastructure on private output for Germany. Using a multivariate framework we explore the impact of a diverging selection of variables on the ensuing estimates and document confidence intervals computed following the bootstrap...

In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...

This paper applies cointegration techniques, developed in econometrics to model long-run relationships, to cause-of-death data. We analyze the five main causes of death across five major countries, including USA, Japan, France, England & Wales and Australia. Our analysis provides a better...