Original article UDC 330.322:338.24 Received in June 2004. I analyse panel data and time series evidence about the effect of FDIon growth in twenty transition economies. The panel data analysis suggests that the effect of FDI on growth in the group of transition economies has been marginally negative, albeit less so for the subsample of candidates for membership in the EU. On the other hand, VE...

The current paper investigates the existence and nature of the Granger causality between electricity consumption and economic growth for 17 industries in Taiwan. Empirical results over the period 1998–2014 suggest that a panel cointegration test shows a long-run equilibrium relationship and a bi-directional Granger causality between electricity and economic growth has been found. The result ind...

Econometric analysis of convergence processes across countries or regions usually refers to a transition period between an arbitrary chosen starting year and a fictitious steady state. Panel unit root tests and panel cointegration techniques have proved to belong to powerful econometric tools if the conditions are met. When referring to economically defined regions, though, it is rather an exce...

background over the last decade there has been an increase in healthcare expenditures while at the same time the inequity in distribution of resources has grown. these two issues have urged the researchers to review the determinants of healthcare expenditures. in this study, we surveyed the determinants of health expenditures in economic cooperation organization (eco) countries.   methods we us...

Cointegration is an important topic for timeseries, and describes a relationship between two series in which a linear combination is stationary. Classically, the test for cointegration is based on a two stage process in which first the linear relation between the series is estimated by Ordinary Least Squares. Subsequently a unit root test is performed on the residuals. A well-known deficiency o...