This paper analyzes the relationships between bilateral trade and economic growth in the U.S. and Korean economies. Using quarterly data from 1990 to 2008, the theoretical procedures utilize Ordinary Least Square (OLS) and Seemingly Unrelated Regression (SUR) models under the static model assumption, an Impulse Response Function (IRF) and Forecast Error Variation Decomposition (FEVD) under the ...

This study attempts to investigate the effect of oil returns and external debt on the government expenditure in Syria over the period 1970-2010. The Johansen cointegration test showed that oil returns and external debt have a positive and significant long run relationship with government expenditure. The Granger causality test indicates unidirectional short-run causality relationships running f...

Purpose The present study aimed to examine the relationship between information and communication technologies (ICT) diffusion, financial development economic growth in panel of developing countries for 2005–2019. Design/methodology/approach employed principal component analysis (PCA) extract index ICT diffusion. First-generation unit root tests such as Levine Lin Chu (LLC), Im Pesaran Shin (IP...

In this paper, we used the methods of cointegration and granger causality estimation to test the relationship between China’s coal consumption and real GDP based on the data of 1978~2010, the results show that the real GDP and coal consumption have no granger causality, and do not have a long run cointegration, which is different from the existing discovery. Because of following reasons, first ...

Using the Vector Error Correction Model (VECM) and Toda-Yamamoto Causality approach, this paper investigates short-run long–run relationship between export diversification, physical human capital, imports, economic growth in UAE. The study period consideration is 1975-2017. findings obtained from VECM test confirm existence of a significant long-run Besides, Toda Yamamoto Granger results reveal...

Emerging economies have grown much faster than the advanced countries during the past decades. This study investigates the relationship between economic growth and electricity consumption in the emerging economies during the period 1970-2011 by using Pedroni, Kao and Johansen co-integration tests and Granger causality tests. We found that electricity consumption had a positive impact on the eco...

This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the relationships of monetary policy and inflation are available and most of these have analyzed the effectiveness of monetary policy in controlling inflat...

Financial inclusion has become a policy agenda for financial stability and sustainable economic growth the developing world. However, there seems to be lack of consensus across literature on relationships between inclusion, growth. Given divergent views, this paper aims examine causal in Sub-Saharan African (SSA) countries. In study, panel data were used twenty six selected SSA economies princi...

Infrastructure development is essential for a country's growth and development. The goal of this study to look at how public infrastructure expenditure affects economic in East Africa. Countries:The Vector Auto Regressive Analysis. employed time series data research approach using secondary data. population was applied the financial records from 1984/85 2015/16. (Annual Data). study's sample si...