Countries of the Middle East and Central Asia depend heavily on natural resources for their exports, income, employment. This study is a preliminary investigation that explores effect domestic investment in sample 12 highly resource-dependent countries from 2000 to 2019. The recently advanced cross-sectional dependent auto-regressive distributed lag (CS-ARDL) model panel quantile regression are...

Introduction: The relationship between fossil fuel energy resources and environmental degradation has been quantified from theoretical empirical perspectives. However, none of these studies considered the conditioning role played by institutions in nexus, especially for BRICS countries. Therefore, current study examines moderating institutional quality using annual data 1996–2018 Method: employ...

This study investigates the impact of energy consumption and financial development on economic growth using neo-classical production function in the case of US. The ARDL (Autoregressive distributed lag) bounds testing approach with additional variables (energy consumption and financial development) is used to investigate cointegration during the period of 1967-2012 in US. The ARDL reveals a coi...

The present study aims to examine crude oil import demand in Turkey. country has quite limited production and is dependent on foreign supply power its growing economy. We estimate the price income elasticities of imported for Turkey exploiting three different data sets (i.e., monthly, quarterly, annual) test whether frequency matters estimation. employ an Auto Regressive Distributed Lag (ARDL) ...

The impact of renewable energy consumption on economic growth in Nigeria is aimed at establishing the relationship between and Nigeria. oil price volatility international market last decade has led to a substantial rise demand for sources. Nevertheless, provision needed same time mitigating against its hazardous effects environment major world problem. paper used secondary data from World Bank ...

This study aims at investigating the nature of the causal relationship between immigration and two macroeconomic indicators, GDP per capita and unemployment, in Sweden using autoregressive distributed lag (ARDL) bounds testing procedure and Granger-causality within vector error correction model (VECM) based on annual data spanning the period between 1980 and 2004. Results of the ARDL bounds tes...

The aim of the study is to examine impact macroeconomic variables on stock market performance in Sri Lanka. This uses yearly data collected from annual reports Central Bank Lanka for period 1990 2019. Macroeconomic used this are interest rate, inflation real exchange and money supply while All Share Price Index (ASPI) measure performance. Inflation rate found stationary at zero levels one Augme...

This paper investigates the relationship between electricity consumption and economic growth by using Autoregressive Distributed Lag (ARDL) bounds testing approach and vector error-correction models (VECM) in Cameroon, Cote D'Ivoire, Congo, Ethiopia, Gabon, Ghana, Guatemala, Kenya, Senegal, Togo and Zambia for period 1970-2010. The ARDL results show that there is cointegration relation between ...