The current paper investigates the existence and nature of the Granger causality between electricity consumption and economic growth for 17 industries in Taiwan. Empirical results over the period 1998–2014 suggest that a panel cointegration test shows a long-run equilibrium relationship and a bi-directional Granger causality between electricity and economic growth has been found. The result ind...

The discussion focuses on three themes. One is the divergence between positions of business associations and concerns of individual entrepreneurs regarding several determinants of investment. Another issue is under what conditions economic growth can be achieved under democracy; why market reforms have generated little private investment in many cases, and which government policies and politica...

economic policy consists of various methodologies, approaches and models through which the economists devise strategies to influence the overall economy. the integration of theoretical and practical frameworks provides the ground for emerging new models which are a part of economic system of the countries.each economic model is a combination of specific methodology, theoretical bases and specia...

The current economic crisis has affected all aspects of life, resulting in political instability, personal financial troubles, and a growing number of business bankruptcies. Although these are serious issues, simply developing a government policy that injects an economy with money is not an appropriate means to achieve economic recovery and long-term economic development unless combined with an...

emphasis on milk yield (my) as well as milk yield persistency (myp) and calving interval (ci) is necessary to achieve more sustainable productionin dairy cattle. therefore the main objective of this study was to find an optimum regression model to estimate economic values for my, myp and ci.using a deterministic bio-economic model, seventyfiveproduction states differing mainly in my, mypand ciw...

The Bohai Economic Rim plays an important role in supporting China’s economic growth. For this research, we selected nine main ports in the region to study whether intra-port competition or corporatization would improve efficiency. Using a panel fixed effect model and stochastic frontier model, we found that the technical efficiency of selected ports is significantly influenced by the time of t...

The emergence of the so-called “European Paradox” shows that increasing Governmental R&D Investment is far from being a ‘panacea’ for stagnant growth. Surprisingly, Governmental R&D Employment does not contribute to ‘mass-market’ employment, despite its important role in reducing YouthUnemployment. Despite the negative side-effect of Governmental R&D Employment on economic growth, University R&...

In this study, the causality links between electricity consumption and economic growth are investigated for Turkey, the United Kingdom, Spain, Belgium and United States covering the period from 1964 to 2014. The results of autoregressive distributed lag (ARDL) approach, bounds testing and error correction model show that there is a positive one-way and statistically significant causality moving...