This paper applies Pedroni's panel cointegration approach to explore the causal relationship between trade openness, carbon dioxide emissions, energy consumption, and economic growth for the panel of newly industrialized economies (i.e., Brazil, India, China, and South Africa) over the period of 1970-2013. Our panel cointegration estimation results found majority of the variables cointegrated a...

This paper applies Pedroni's panel cointegration approach to explore the causal relationship between trade openness, carbon dioxide emissions, energy consumption and economic growth for the panel of newly industrialized economies (i.e. Brazil, India, China and South Africa) over 1 Corresponding author the period of 1970–2013. Our panel cointegration estimation results found majority of the vari...

The selective alpha 2 adrenergic antagonist yohimbine has been shown to prevent the noradrenaline induced inhibition of insulin secretion from isolated rat islets of Langerhans. Binding studies utilizing [3H]yohimbine showed specific binding to dispersed rat islet cells with a Kd of 2.9 nM and receptor concentration of 645 fmols/mg protein. The use of chloroquine to inhibit receptor recycling d...

This paper provides an empirical analysis of relationship between economic growth and its determinants with special focus on the stock market development in Zimbabwe. Using data for the period from 1991 to 2007 the study employed FMOLS and ARDL bounds-testing for the long run relationship and ECM for the short run dynamics. The findings suggest a positive relationship between efficient stock ma...

This paper examines the relationship between economic growth and tourism development in seven Mediterranean countries. The purpose of this paper is to investigate empirically the long-run relationship between economic growth and tourism development in a multivariate model with tourism real receipts per capita, the number of international tourist arrivals per capita; real effective exchange rate...

In this paper, we estimate a health care demand function for 18 OECD countries for the period 1972-1995. We consider a demand side approach where health expenditure depend on per capita GDP and the relative price of health care. We use panel data unit root and stationarity tests to characterize our data. Then, we test cointegration between our variables with Kao[16] panel data cointegration tes...

In cointegrating regressions, available estimators and test statistics are nuisance parameter dependent. This paper addresses this problem as an identi…cation failure. We focus on set estimation of long-run coe¢ cients (denoted ). We check whether and to what degree popular estimation methods, speci…cally the Maximum Likelihood of Johansen (1995), Fully Modi…ed OLS [Phillips and Hansen (1990); ...

The paper examines the income elasticity of electric power consumption power (YEEPC) in Africa. This study constitutes the first attempt to explore the relationship between electricity consumption per capita and real GDP per capita for 16 African countries in a panel dimension over the period 1971 – 2002. Bi-directional causality exists and all tests support a long run relationship between the ...