Empirical macroeconomists have investigated the possible link between the development of stock markets, economic growth, and inflation separately. Unlike earlier work, this paper investigates the nature of causal relations between these variables using a panel Granger causality test on a sample...

This paper examines the relationship between banking sector development, stock market development, economic growth, and four other macroeconomic variables in ASEAN countries for the period 1961–2012. Using principal component analysis for the construction of the development indices and a panel...

This paper examines dynamic interactions between foreign direct investment (FDI) and economic growth using panel-data cointegration and causality tests. We present our results for 34 Eurasian countries for which previous research on this subject has not hitherto been performed. We find that that...

Purpose – The purpose of this paper is motivated by research-based assertions that: the causes of economic growth in countries like India are not well understood; they are not elucidated by using simple bivariate relationships between economic growth and other variables, taken one at a time; and...

Die vorliegende Studie wurde 1997-1998 im Auftrag des Bundesministeriums für wirtschaftliche Zusammenarbeit und Entwicklung vom ifo Institut erstellt. Ziel der Untersuchung war es, in einer Zeit, die durch große Probleme auf dem deutschen Arbeitsmarkt und knappe Ressourcen geprägt ist,...

The Divided Economy of Mandatory Palestine. By Jacob Metzer. Cambridge: Cambridge University Press, 1998. Pp.xxii + 275. £40. ISBN 0 521 46550 8 The Political Economy of Market Reform in Jordan. By Timothy J. Piro. Lanham, MD: Rowman & Littlefield, 1998. Pp.xvi + 152. $54.00 and $19.95. ISBN 0...

Land, Labour and Livelihoods in Rural South Africa: Volume One: Western Cape. Edited by Michael Lipton, Mike de Klerk and Merle Lipton. Durban: Indicator Press, 1996. Pp.496. ISBN 1 86840 234 7 Land, Labour and Livelihoods in Rural South Africa: Volume Two: KwaZuIu-Natal and Northern Province....

Poverty, Progress and Exclusion: an Economic History of Latin America in the Twentieth Century. By Rosemary Thorp. Baltimore, MD: Johns Hopkins University Press for the Inter-American Development Bank and the European Union, 1998. Pp.xiv + 369. £20.50. ISBN 1 886938 35 0 Economic Dynamism in...