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data over the period of 1974-2010. We applied cointegration and causality approaches to determine long term and the … direction of causal relationship between these variables. Based on the results, we found the cointegration relationship between …
Persistent link: https://www.econbiz.de/10010891090
We contribute to the economic growth–CO2 emissions literature in the MENA region by focusing on both production and environmental functions. Adopting an original analytical framework, our empirical investigation parallels two approaches. The first one follows the studies by Lean and Smyth...
Persistent link: https://www.econbiz.de/10010891094
In this article, we investigate the causality links between CO2 emissions, foreign direct investment, and economic growth using dynamic simultaneous-equation panel data models for a global panel of 54 countries over the period 1990–2011. We also implement these empirical models for 3 regional...
Persistent link: https://www.econbiz.de/10010891102
This paper examines the relationship between FDI inflows and the economic growth for three African economies (Tunisia, Morocco, and Egypt) during 1985–2011. Our analysis, which is based on a simultaneous equations model, reveals that in overall terms a mutually promoting two-way linkage...
Persistent link: https://www.econbiz.de/10010891120
The objective of this paper is to analyze empirically the effects of foreign direct investment (FDI) on investment in Uruguay in a long run perspective (1960-2011). On the basis of varied theoretical and analytic elements, the descriptive analysis and one empirical study with the methodology of...
Persistent link: https://www.econbiz.de/10010891758
Slavonski Brod is the largest city of Brod-Posavina County and the sixth largest city in Croatia, located at the crossroads of intercontinental and interregional transportation route connecting Central and Eastern Europe. Slavonski Brod was a major center and market town once, but today there...
Persistent link: https://www.econbiz.de/10010892044
We provide the first theoretical analysis of the effects of alternate forms of taxation on economic growth in a dynamic model with multiple regions. The regions are heterogeneous, but, in each region, consumers have constant relative risk aversion preferences, there is no growth in the stock of...
Persistent link: https://www.econbiz.de/10010894089
As the 20th anniversary of the transition to democracy approaches in 2014, the economic policy debates in South Africa are in full flow. The forthcoming Oxford Companion to the Economics of South Africa contributes to the policy and analytical debate by drawing together perspectives on a range...
Persistent link: https://www.econbiz.de/10010894477
This paper studies the effects of financial integration on economic growth using an international panel data of 83 countries from 1974-2007. The effects of financial integration on economic growth differ considerably, depending on the type of external assets and liabilities as well as on the...
Persistent link: https://www.econbiz.de/10010894577
This study presents an overlapping-generations model featuring endogenous growth, collective wage-bargaining, and probabilistic voting over fiscal policy. We charac- terize a Markov-perfect political equilibrium of the voting game within and across generations and show the following results....
Persistent link: https://www.econbiz.de/10010894640