This study applies the Sequential Panel Selection Method (SPSM) to investigate the time-series properties of provincial house prices for entire, large, medium, and small middle-segments of South Africa. Quarterly time-series data were collected from nine provinces in South Africa for different...

This paper investigates the long-run and short-term dynamics of 351 US metropolitan statistical area housing prices in relation to personal income. We apply a panel cointegration approach on annual data from 1993 to 2011 and find a long-run relationship between local house prices and per capita...

This paper investigates the causal relationship between asset prices and per capita output across 50 US states and the District of Columbia over 1975 to 2012. A bootstrap panel Granger causality approach is applied on a trivariate VAR comprising of real house prices, real stock prices and real...

This study applies the recently developed bootstrap panel causality test proposed by Kónya (2006) to investigate the causal link between happiness and smoking using per capita cigarette consumption and happiness index for 5 countries (i.e. Japan, France, Germany, the UK, and the US) over the...

Purpose The purpose of this paper is to investigate whether there exist multiple bubbles in the Brazil, Russia, India, China and South Africa (BRICS) stock markets. Design/methodology/approach In this study, the authors apply the generalized sup Augmented Dickey-Fuller test, a new recursive test...

This study applies bootstrap panel Granger causality methods to investigate the relationship between CO2 emissions and economic growth using data from 12 Asian countries over the period of 1965-2010. Both real GDP per capita and CO2 emissions data are used in this study. Empirical results...

This paper revisits the causal relationship between research papers published and economic growth in OECD countries for the period 1981-2011, using bootstrap panel causality analysis, which accounts for cross-section dependency and heterogeneity across countries. Our empirical results support...

Researchers focus more on the relationship between research output and economic growth. The study of such a relationship is not only of theoretical interest, but it can also influence specific policies to improve the quality, and probably the quantity of research output. This paper has studied...