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 ...

The relationship between real deposit rate and credit supply is interrogated with panel data (1980–2015) from ten Economic Community of West African States (ECOWAS) using dynamic common correlated effects mean group (DCCE-MG) pooled (PMG) estimators. results show that has a linear positive long-run impact on for the full sub-samples Communauté Financière d'Afrique (CFA) non-CFA franc countries,...

This paper investigates causal relationships between information and communications technologies (ICT) infrastructure, financial development, and economic growth in Asian countries over the twelve-year period 2001e2012. Using panel cointegration techniques, our empirical results show these variables are cointegrated, with a myriad of short-run and long-run causal links between ICT infrastructur...

This study reexamines the causal link between electricity consumption, economic growth and CO2 emissions in the BRICS countries (i.e., Brazil, Russia, India, China, and South Africa) for the period 1990– 2010, using panel causality analysis, accounting for dependency and heterogeneity across countries. Regarding the electricity–GDP nexus, the empirical results support evidence on the feedback h...

Debates over economic growth generally focus on factor supply, especially capital accumulation, labor stock and skill, natural resources, technological capacity. Quality of human life, as well distribution national income among citizens are evaluated in terms their effects performance, this study. The relationship between growth, development, Turkiye is analyzed with ARDL test using the data 19...

The paper focuses on establishing causation in regression analysis in observational settings. Simple static regression analysis cannot establish causality in the absence of a priori theory on possible causal mechanisms or controlled and randomized experiments. However, two regression based econometric techniques – instrumental variables and Granger causality can be used to test for causality gi...

This study examines causal relationship between foreign direct investment (FDI) inflows and economic growth in Tanzania during 1990–2020. As financial development trade were not incorporated extant studies, we included them as intermediate variables because of their intermediation role this study. FDI inflow is considered an important catalyst developing economies. Neoclassical theories claim t...

Abstract Tourism has become the world’s third-largest export industry after fuels and chemicals, ahead of food automotive products. From last few years, there been a great surge in international tourism, culminates to 7% share World’s total exports 2016. To this end, study attempts examine relationship between inbound financial development economic growth by using panel data over period 1995–20...

Recent developments in entrepreneurship suggest a causal link between entrepreneurial activity and economic growth: entrepreneurship precedes economic growth. A positive effect from entrepreneurship on economic development in advanced, innovation-driven economies in the most recent decades is often maintained. Self-employment is one of the most common indicators of entrepreneurship. The present...

a r t i c l e i n f o JEL classification: C23 E44 Q43 Keywords: Crude oil shocks Stock market prices Panel data Asymmetric adjustment Granger causality This paper proposes a panel threshold cointegration approach to investigate the relationship between crude oil shocks and stock markets for the OECD and non-OECD panel from January 1995 to December 2009. Nonlinear cointegration is confirmed for ...