This study analyses some political factors determining budget deficit in Pakistan. It examines the short and long-run relationship between the Budget deficit, democracy and cabinet size for Pakistan’s economy. The bounds testing approach to co-integration and (ECM) error-correction models, developed within an autoregressive distributed lag (ARDL) framework is applied to annual data for the peri...

This paper investigates the asymmetric impact of energy consumption on economic growth by including oil prices, capital and labour as additional determinants in production function. In doing so, the non-linear ARDL bounds testing approach is applied for the period of 1985QI-2016QIV. The empirical evidence confirms the presence of symmetric and asymmetric cointegration between energy consumption...

This paper contributes to the literature by empirically examining whether the influence of public debt on economic growth differs between the short and the long run and presents different patterns across euro-area countries. To this end, we use annual data from both central and peripheral countries of the European Economic and Monetary Union (EMU) for the 1960-2012 period and estimate a growth ...

Data on carbon emissions, industrial output growth, population growth and FDI inflows are used for Bangladesh, Nepal and Maldives over 1972 – 2008. Time series data on all variables are nonstationary in terms of both ADF and KPSS tests with different orders of integration. As a result, ARDL model and VECM are estimated. There are evidences of cointegrating relationship among the variables, long...

Many developing countries including Pakistan face the problem of trade deficit. These countries use various measures to improve the trade balance. One of the components is devaluation of domestic currency. The purpose of this paper is to find whether the devaluation using REER is effective in improving the trade balance in Pakistan or not. The bound testing approach of ARDL is used to estimate ...

This paper has investigated the impact of food production, school enrollment, inflation, population growth, per capita income and CO2 emissions on life expectancy for Sultanate of Oman. Time series data is used from 1970 to 2012. For examining the cointegration among the variables Autoregressive distributed (ARDL) lag approach is used. The estimated results reveal that food production, school e...

As the global financial crisis dethrones the developed world from its economic supremacy, by leading the global economic recovery and growth, the global growth generator (3G) countries are expected to fill the vacuum. Capital market i.e. stock market development can play a crucial role in augmenting such growth in these 3G countries. This study aims at augmenting the determinants of stock marke...

This study investigates an adjustment process in the bilateral trade balances of five countries within the Caribbean, with their largest trading partner, namely the United States. Unlike previous studies, this study controls for oil prices which play a vital role in the countries’ trade balances. A panel econometric technique was utilized using annual data over the period 19802012. Analysis of ...