This paper investigates the relationship between infrastructure investments and economic activity in Sweden for the period 1800-2000. In order to overcome the problem of endogeneity, independent time scales are used to analyze the relationship. The paper also examines the dynamics between the variables by testing for causality in the Granger sense and constructing a vector autoregressive model ...

Purpose: This study examined the causal flow between economic growth, poverty, and remittances for Tanzania, using annual data from 1990 to 2020. Tanzania is working achieve policy targets set in its Vision 2025, findings of this will add value effectiveness timing. The uses household consumption expenditure per capita (HCE) as a measure rate change GDP remittance inflows percentage remittances...

The paper examines the causal relationship between foreign direct investment (FDI) and economic growth for selected Asian economies covering the period from 1981-2008. The study has been done for China, India, Pakistan, Sri Lanka, Indonesia, Malaysia, Philippines, Singapore and Thailand. Using Granger-causality, it has been observed that for the countries like China, India, Pakistan, Sri Lanka,...

This study investigates bidirectional causality between governance and financial development using panel data of 101 countries from 1984 to 2013. The development–governance nexus is explored econometric methods robust cross-sectional dependence, the relationship different levels openness analyzed. Long-run equation estimates show clear evidence that positively affects governance, this positive ...

population in all countries plays a fundamental role in economic growth and economic development. but besides absolute size and growth rate of population, the more important factor will be “age structure” or “age distribution” of population, because it can be as source of many economical, social, and political challenges. in this research, we investigate effect of changes in population shares i...

The paper aims to investigate empirically the effects of several types of financial restraints on financial development for the case of the Iran. Two hypotheses addressed and discussed in the context of the McKinnon/Shaw and the monopoly bank model. A conditional co-integration model has been employed to carry out the empirical investigations. The long and short-run analysis show that fin...

T his paper examined whether monetary policy is acyclical, procyclical or countercyclical and the implications of the interaction of such cyclicality with industrial output on real economic growth in Nigeria. After determining the time series properties of the variables and based on conventional cyclicality measures, the fully modified ordinary least square method was used to examine...

Background: One of the most fundamental objectives of the macroeconomic policies is to realize the relationship between economic growth and inflation. According to some monetary policy advisors, inflation reflects erosion in consumer’s purchasing power. Inflation as an important economic variable, affect the economic growth and its impact on economic growth has been proposed in various theories...

Experts believe that by lowering the interest rate on bank accounts, total cost of goods and services decreases, and secondly, investment production increases,  both of which lead to lower inflation and provide stable employment field, on the other hand, are concerned about the negative effects of lowering the interest rate without lowering inflation and know the underlying requirement of nomin...

This study aims to analyze the relationship between defense expenditure and growth of economy in Sri Lanka applying annual data during period 1990-2019 by engaging ARDL bounds test Granger causality test. Economic is considered as a dependent variable whereas; expenditure, broad money supply, capital investment exchange rate are independent variables for this study. The findings revealed that s...