In this study, the causality links between electricity consumption and economic growth are investigated for Turkey, the United Kingdom, Spain, Belgium and United States covering the period from 1964 to 2014. The results of autoregressive distributed lag (ARDL) approach, bounds testing and error correction model show that there is a positive one-way and statistically significant causality moving...

Economic growth is best understood as a combination of high and low growth regimes. This paper deals with the sources of growth around growth regimes change. To that end the derivation of structural breaks in growth rates series is combined with nonparametric growth accounting, which allows the decomposition of productivity changes into technological progress and efficiency changes. Even medium...

Good afternoon. I am pleased to participate in the Cleveland Clinic’s “Ideas for Tomorrow” series. My public remarks often concern short-run economic developments, but it is important once in a while to place those shorter-term developments in the context of the powerful longterm trends shaping the global economy. Of these trends, surely one of the most important is the rapid and sustained econ...

this study aims to evaluate the link between economic growth and consumer price index (cpi) in japan for the period of 1980-2014. initial series were adjusted for stationarity using the augmented dickey- fuller (adf) test for unit root followed by the application of johansen co-integration test in order to examine the long-run relationship among the variables, while the causalities were evaluat...

a r t i c l e i n f o This study empirically identifies the factors which explain the bank credit to the businesses in varying financial environments and emerging global challenges. With the major focus on supply side this study uses the ARDL econometric approach using annual data from the period 1971 to 2010 for Pakistan. The empirical results indicate that the foreign liabilities, domestic de...

T his study examines the impact of non-oil export demand on economic performance in Nigeria using annual time series data between 1975 and 2013. The study tests for the unit root and co-integration to determine the time series properties of our variables before using Vector Error Correction (VEC) model for both short- and long- run estimates and possible policy inferences. The result...