verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Abstract This study applies panel data techniques to investigate the long-run relationship between energy consumption and GDP for a panel of 19 African countries (COMESA) based on annual data for the period 1980-2005. In the first step, we examine the degree...

From simulating galaxy formation to viral transmission in a pandemic, scientific models play pivotal role developing theories and supporting government policy decisions that affect us all. Given these critical applications, poor modelling assumption or bug could have far-reaching consequences. However, possess several properties make them notoriously difficult test, including complex input spac...

this paper surveys economic growth and energy consumption relationship by new econometric methods in different sectors of iran. this study uses panel error correction model and panel co integration and causality tests to investigate short run and long run relationship between energy and value added growth in different sectors of iran’s economy with regards to energy price in the time period of ...

abstract this study uses annual data over the period 2005-2014 and the panel vecm approach to examine financial inclusion and monetary policy effectiveness in africa. the study shows that financial inclusion and monetary policy effectiveness are linked by a set of long-run relationships. policy reaction to the positive financial inclusion shock is not significant. policy reaction to the positiv...

This paper investigates the causal relationship between education and GDP in a panel of 11 selected oil exporting countries by using panel unit root tests and panel cointegration analysis for the period 1970-2010. A three-variable model is formulated with oil exports as the third variable. The results show a strong causality from oil revenues and economic growth to education in the oil exportin...

We use a panel of 155 countries for 1970-2010 to study (two-way) causality between government spending, revenue and growth. Our results suggest the existence of weak evidence supporting causality from expenditures or revenues to GDP per capita and provide evidence supporting Wagner’s Law. JEL: C23, E62, H50.

In economic development, structural change among the three main sectors of an economy accompanies with aggregate economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure causes aggregate growth is still unanswered. To shed some more light on this issue, this study examines a Grangercausality test in a panel environment to de...