This study aimed to ascertain the validity of Phillips Curve in six countries Gambia, Ghana, Guinea, Liberia, Nigeria, and Sierra Leone within West African Monetary Zone (WAMZ). The utilised panel data from these varying 2000 2021, which were obtained World Bank database. analysed using Panel unit root test, Johansen Fisher (JFP) co-integration Pairwise Dumitrescu Hurlin (PDHP) Causality Tests,...

The purpose of this paper is to investigate the short-run and long-run causality between renewable energy (RE) consumption and economic growth (EG) in nine OECD countries from the period between 1982 and 2011. To examine the linkage, this paper uses the autoregressive distributed lag (ARDL) bounds testing approach of cointegration test and vector error-correction models to test the causal relat...

The relationship between financial development and income growth of the poor segment of population is analyzed both theoretically and empirically in this paper. Advanced technique like ARDL procedure is employed for co-integration while utilizing time series sample covering 1971-2005 period. Findings of the paper strongly suggest that financial development not only improves the income levels of...

With the Paris Agreement coming into effect, China, as the largest CO₂ emitter in the world, will be facing greater pressure to reduce its carbon emissions. This paper discusses how to solve this issue from the perspective of financial development in China. Although many studies have analyzed its impact on carbon emissions, the conclusions are contradictory. A major criticism of the existing st...

This study intends to examine the nature & direction of relationship between stock market movements, particularly decline, and its liquidity in 14 selected emerged emerging economies (G8+5 Pakistan) for January 2001 through December 2017 by applying Autoregressive Distributed Lag (ARDL) Bounds test Granger-causality test. Trading value turn over ratio are employed measure liquidity. Results...

The present paper analyses the relations between food and oil prices for Malaysia using a nonlinear autoregressive distributed lags (NARDL) model. The bounds test of the NARDL specification suggests the presence of cointegration among the variables, which include the food price, oil price and real GDP. The estimated NARDL model affirms the presence of asymmetries in the food price behavior. Nam...

The government has attempted to target specific macroeconomic factors in order stimulate economic growth Kenya through monetary and fiscal policies. Despite these efforts, Kenya's GDP is hampered by high interest rates rate volatility. ability address instability hinges on its increase growth. Auxiliary evidence shows that perspectives the relationship between ICT are segmented. goal of this st...

This study aims to demonstrate the impact of economic growth and energy consumption on environmental degradation in China, top country that produced highest carbon dioxide (CO 2) emissions, by considering is one extreme challenges world China have been facing. Parallel this aim, uses dynamic ARDL (DYNARDL) simulations investigate long-run short-run cointegration amongst selected parameters from...

This paper examines the short and long run relationships between trade balance, real exchange rates, income and money supply in the case of Malaysia. The inclusion of income and money variables in the study is purposely to examine the monetary and absorption approaches to the balance of payments beside the conventional approach of elasticity, using exchange rates. Using the bound testing approa...