and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … a single cointegrating vector between financial development and growth and of causality going from financial development … to economic growth. We find little evidence of reverse causation as well as bi-directional causality. We interpret this …

growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which … have mainly utilised panel-estimation methods, the tests of causal chains here are carried out in time-series settings …. Saving and GDP are estimated in bivariate vector autoregressive or vector error-correction models for Sweden, UK, and USA …

-run relationship between financial development and economic growth. An augmented form of Granger causality analysis is implemented to … 1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long … identify the direction of causality among the variables both in the short-run and the long-run. The empirical findings suggest …

This study seeks to validity of the export-led growth hypothesis using quarterly data from 1980 to 2005. The bounds … testing approach to cointegration is employed to test the causal relationship between industrial production, exports and terms … of trade. An augmented form of Granger causality analysis is implemented to identify the direction of relationship among …

energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector error …-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … energy consumption is price-inelastic. Causality tests indicate the presence of a bi-directional causal relationship between …

energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector …-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … energy consumption is price-inelastic. Causality tests indicate the presence of a bi-directional causal relationship between …