THE SAVINGS-INVESTMENT RELATIONSHIP: COINTEGRATION AND CAUSALITY EVIDENCE FROM UEMOA COUNTRIES

Panel Causality Relationship Among FDI And Trade (Evidence From 16 Advanced Europe Countries)

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...

Is OPEC a Cartel? Evidence from Cointegration and Causality Tests

The energy shocks of the 1970's had significant effects on the global economy. Were they engineered by an effective cartel of OPEC members acting to share the market by controlling output and influencing market prices? If OPEC was an effective cartel sharing the market among its members, there would be a long-run relationship between each member's individual production and total OPEC output. On...

Causality and Cointegration between Consumption and Gdp in 25 Oecd Countries: Limitations of the Cointegration Approach

A critical review of cointegration is presented in this paper, emphasizing some limitations of this approach to testing causal relations in Econometrics. We present an application of cointegration tests to the relation between Private Consumption and Gross Domestic Product in 25 OECD countries, during the period 1960-97, and the results confirm those limitations and the convenience of giving mo...

The Causality between Human Capital and Economic Growth in Oil Exporting Countries: Panel Cointegration and Causality

This paper investigates the causal relationship between education and GDP in a panel of 11 selected oil exporting countries by using panel unit root tests and panel cointegration analysis for the period 1970-2010. A three-variable model is formulated with oil exports as the third variable. The results show a strong causality from oil revenues and economic growth to education in the oil exportin...