The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …

, (3) Dumitrescu and Hurlin causality test indicates a unidirectional causality running from economic growth to both life …

that there is a long-run Granger causality running from key macroeconomic factors to stock prices, but in short-run, only …

relationship between tourism development and economic growth using Granger causality tests in a multivariate model and using the …

run. Based on the results of the panel causality test, though the evidence of short-run causality is very weak, it does … show long-run unidirectional causality running from the overall index of globalization, economic globalization, and social …