and growth in Pakistan. Furthermore, the results of causality test and variance decomposition analysis suggest a … unidirectional causality running from natural gas consumption to economic growth. Gas being the primary source of energy in Pakistan …This paper examines the relationship between natural gas consumption and economic growth in Pakistan using a …

under the framework of Granger causality and panel cointegration for Pakistan over the period 1981-2008. The result supports …-way causality between FDI and GDP is identified. At the sectoral level, the effects of FDI on growth vary significantly across … th e evidence of panel cointegration between FDI and output. FDI has a positive effect on output in the long run. The …

This study employs the Granger causality test within a multivariate cointegration and error-correction framework to … causality running from relative price to health care spending, while relative price and income are bidirectional Granger … causality in Malaysia. In the long-run health care spending and income are bi-directional Granger causality, while there is uni …

Odisha for the period 1980-81 to 2011-12. Results drawn from Granger causality test suggest that there is a weak linkage … between primary and secondary sectors in the growth process. In the case of primary and tertiary sector services, though the … unidirectional causality between secondary to finance, insurance, real estate and business services on one hand and transport …

The paper investigates the long-run and the causality relationship between energy consumption and economic growth for … seven Sub-Saharan African countries during the period 1970-2007. Using the bounds testing approach to cointegration, we find … that energy consumption is cointegrated with economic growth in Cameroon, Congo, Cote d'Ivoire, and South Africa. Moreover …

The purpose of this paper is to examine the relationships between openness, globalization on economic growth in Côte d …-run. Although a positive effect of openness on growth is observed in the short-run, both increasing openness and globalisation do … not have positively contributed to the long-run economic growth of this country, a finding that is in the opposite of the …

-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 …

The New Information Age & the Stock Market Growth Puzzle Mr. Manoj Subhash Kamat* Mrs. Manasvi Manoj Kamat** Abstract … We investigate the nexus between developments in financial intermediation with the growth in capital market activity and … emerges from Granger-causality test based on vector error correction model (VECM) further reveals that in the long run, stock …

cointegration among the series. In the long run, trade openness promotes economic growth. The growth-led-trade hypothesis is …The study investigates the impact of trade openness on economic growth in the long run. We apply the ARDL bounds … development as an additional determinant of economic growth using the framework of Mankiw et al. (1992). The results confirm …

from the early 1990s. Cointegration, Granger causal relations and contemporaneous correlations of output shocks are …