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In his celebrated 1966 Econometrica article, Granger first hypothesized that there is a ‘typical’ spectral shape for an economic variable. This ‘typical’ shape implies decreasing levels of energy as frequency increases, which in turn implies an extremely long cycle in economic...
Persistent link: https://www.econbiz.de/10014196916
We characterize the types of interactions between foreign direct investment (FDI) and economic growth, and analyze the effect of institutional quality on such interactions. To do this analysis, we develop a class of instrument-based semiparametric system of simultaneous equations estimators for...
Persistent link: https://www.econbiz.de/10013235030
The paper employs cointegration, Fully-Modified Ordinary Least Squares (FMOLS), error correction and the Generalized Method of Moments (GMM) techniques to investigate the relationship between economic growth and financial development using annual time series data (1971-2010) from Ghana. Three...
Persistent link: https://www.econbiz.de/10013063972
Knowledge of the direction of the causality between electricity consumption and economic growth is of primary importance if appropriate energy policies and energy conservation measures are to be devised. This study estimates the causality relationship between electricity consumption and economic...
Persistent link: https://www.econbiz.de/10014166779
Foreign currency reserves are of great significance to any developing country's economic growth prospects. Exports have been for long decades regarded as a major source of foreign currency and a driving force for economic growth. This paper empirically examines the export-led growth paradigm for...
Persistent link: https://www.econbiz.de/10013012444
Objective: The objective of the article is to examine the export-led growth hypothesis in the Southern African Customs Union (SACU). Research Design & Methods: This study employs annual data on output, exports, imports, and a structural dummy variable for SACU countries, namely, South Africa,...
Persistent link: https://www.econbiz.de/10012520009
growth rates as it has been done in the literature. Assuming correlation between observables and unobservables, the matching … based on observables may control for unobservables as well. If this assumption is satisfied, matching allows us to control …We investigate the resource impact on economic growth using matching. Using a nonparametric minimum-distance matching …
Persistent link: https://www.econbiz.de/10013117992
The dynamic relationship between population and economic growth has not reached a consensus on whether it is positive, negative, or neutral. Using annual panel data for the 32 Mexican states over the period 1940-2020, this paper examines the joint dynamics of population growth and GDP per...
Persistent link: https://www.econbiz.de/10014514732
Persistent link: https://www.econbiz.de/10012626607
Persistent link: https://www.econbiz.de/10012814152