This paper aims to investigate the direction of causality between economic growth, energy consumption and trade openness in case of Iran for the period 1967–2012. We apply the newly developed combined cointegration test proposed by Bayer and Hanck (2013). Vector Error Correction Model (VECM) is applied to determine the direction of causality between these three variables. The result of Bayer-Ha...

Abstract D emonetization initiative by Govt. of India in Nov-Dec, 2016 aimed at addressing the issues like black money, hoarding and overall cleansing the monetary system. This paper in this regard attempts to empirically examine the impact of demonetization drive upon the monetary system by taking data of 180 days prior to Nov, 2016. The cointegration results exhibit show a long run ...

JEL Classification: F16, F43 This study examines the impacts of CO2 emissions on economic growth of Vietnam for the period 1986-2015 by using Autogressive Distributed Lag (ARDL) model. The results reveal that there is cointegration relationship between CO2 emissions and economic growth. In the long run carbon dioxide emissions have a significant negative impact on Vietnam economic growth. There...

This paper contributes to the monetary policy-economic growth debate by investigating whether policy stimulates economic in Nigeria. Using time series data from 1970 2018 and deploying autoregressive distributed lag (ARDL) model, bounds Bayer- Hanck (2013) cointegration tests, evidence main robustness checks show that (1) a significant long-run association exists, (2) percentage increase rate r...

The importance of military expenditure in terms establishing national security constitutes the main excuse for public expenditures made by states this field. Yet, a special should be attached to ensuring efficiency sectors developing countries and rational use resources. In fact, there is no consensus about effect these types on economy general or trade-offs they cause. Therefore, their effects...

The financial sector plays a critical role in society by mediating resources and assets within the economy between surplus deficit units. Therefore, they have great responsibility for sustainability prosperity of natural endowments. This study aimed to determine whether sustainable finance matters resource curse Nigeria Ghana. empirical evidence is based on Bayer Hanck combined cointegration te...

The present study explores the effect of renewable energy consumption and public-private partnership investment in on consumption-based carbon dioxide emissions for India from 1990Q1 2015Q4 whilst controlling technology innovation economic growth. employs Maki cointegration, Bayer-Hanck fully modified ordinary least squares, dynamic frequency-domain causality tests to explore these dynamics. ou...

In this study, it is aimed to examine the relationship between energy imports and defense expenditures in context of supply security for Turkey period 1990-2019. DF-GLS unit root test, Bayer-Hanck (2012) cointegration test Nazlioglu et al. (2016) Fourier Granger causality analysis Enders Jones tests were used causal relationships variables. According findings variables, was concluded that there...

This paper offers a new indulgence to the present literature by integrating role of fiscal decentralization (FD) in affecting ecological footprint (EF). So, this study considered effect FD on EF existence energy consumption (EC), technological innovation (TI), gross domestic product (GDP), and trade openness (TOP) from 1990 2018 Pakistan. We employ econometric methods like Bayer & Hanck...