This study has examined the causality between disaggregated energy consumption (electricity and fossil consumption) and overall growth, agricultural and manufacturing growth in Ghana’s economy over the period 1971-2007. By employing the Augmented Dickey Fuller test all variables were found to...

This paper examines the causal relationship between energy consumption and economic growth for Turkey during 1971–2006. We employed two multivariate models, namely demand model and production model, based on vector error correction model. Then, we tested Granger causality after finding...

We estimated the impact of the performance of corporate governance on economic growth in a cross-country framework in two specifications. For analysis we have employed log liner model. We found that performance of corporate governance is significantly negatively related to the economic growth in...

In this paper, we examine the relationship between foreign direct investment (FDI), exports and economic growth in Jordan by applying bounds testing procedure suggested by Pesaran et al. (2001) and Johansen cointegration test (1988,1990). Both cointegration tests reveals, that there is a long...

The aim of this paper is to empirically examine the relationship between Oil revenues, government spending and GDP growth in the kingdom of Bahrain. Oil revenues are the main source of financing government expenditures and imports of products. Increasing oil prices in the recent years have...

The paper aims to examine the role of institutions relative to economic policy and geography in explaining the differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index (DQI) and an Institutional Quality Index (IQI) using...

In this paper, the link between political instability, financial depth and economic growth is investigated in both theorical and emprical model, and the emprical section of paper focus on the relationship between political instability, financial depth and economic growth in emerging countries...

It is well known that there is a strong positive correlation between per capita incomes and the quality of governance across countries. Kaufmann and Kraay propose an empirical strategy that allows separation of this correlation into (1) a strong positive causal effect running from better...

Real GDP and oil prices are decomposed into common stochastic trend and cycle processes using structural time series models. Potential real GDP is represented by the level of the trend component of real GDP. The potential rate of growth of real GDP is represented by the stochastic drift element...

This paper empirically examines the relationship between economic growth and structural change in India over recent decades. It first estimates panel regressions with state-level data, to examine the impact of structural change on growth and vice versa. Bidirectional causality is found, which...