The Impact of Human Capital on FDI with New Evidence from Bootstrap Panel Granger Causality Analysis

Bootstrap panel Granger-causality between government spending and revenue

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend-and-tax causality is found for Italy, France, Spain, Greece, and Portugal, while tax-and-spend evidence is present for Germany, Belgium, Austria Finland and the UK, and for...

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

Has Health Capital Formation Cured ‘Baumol’s Disease’? – Panel Granger Causality Evidence for OECD Countries

A large body of both theoretical and empirical literature has affirmed a positive impact of human capital accumulation in the form of health on economic growth. Yet Baumol (1967) has presented a model in which imbalances in productivity growth between a ‘progressive’ (manufacturing) sector and a ‘nonprogressive’ sector of the economy (of which health care forms an integral part) lead to perpetu...

The Granger Causality Relationship between FDI, GDP and International Tourist Arrivals – Empirical evidence from 5 countries

The study attempts to test a hypothesis and explore some additional empirical evidences of a causal relationship between International Tourist Arrivals, Foreign Direct Investment (FDI) and Economic Growth (GDP). Although tourism has been regarded as one of the most dynamic economic industries in the world, the previous studies of the causality between three variables are exceptionally rare. In ...

panel causality relationship among fdi and trade (evidence from 16 advanced europe countries)

Is health capital formation good for long-term economic growth? – Panel Granger-causality evidence for OECD countries

A large body of both theoretical and empirical literature has affirmed a positive impact of human capital accumulation in the form of health on economic growth. For rich countries, however, the existing empirical evidence is mixed. This paper revisits the question whether health capital formation stimulates GDP growth in rich countries applying a new empirical methodology: the panel Granger-cau...