Is There an Investment Motive Behind Remittances?: Evidence From Panel Cointegration

Do Remittances Promote Growth in Latin America ? A Panel Unit Root and Panel Cointegration Analysis

Determinants of Healthcare Expenditure in Economic Cooperation Organization (ECO) Countries: Evidence from Panel Cointegration Tests

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...

Remittances and Growth in Latin America: A Panel Unit Root and Panel Cointegration Analysis

Using recently developed panel unit root and panel cointegration tests and the FullyModified OLS (FMOLS) methodology, this paper estimates the impact of remittances on the economic growth of selected upper and lower income Latin American & Caribbean countries. Despite a large flow of remittances to the region, there have been relatively few empirical studies assessing the impact of remittances ...

Savings and Financial Sector Development: Panel Cointegration Evidence from Africa

The paper uses different measures of financial sector development for a dynamic heterogeneous panel of 17 African countries to examine the impact of financial sector development on private savings. An innovative econometric methodology is also employed related to a series of cointegration tests within a panel. This is an important contribution since traditional panel data analysis adopted in pr...

The Political Economy of Public Investment when Population is Aging – A Panel Cointegration

Time preferences vary by age. Notably, according to experimental studies, senior citizens tend to discount future payoff s more heavily than working-age individuals. Based on these fi ndings, we hypothesize that demographic change has contributed to the cut-back in government-fi nanced investment that many advanced economies experienced over the last four decades. We demonstrate for a panel of ...