This paper examines to what extent financial development contributes to output expansion in Malaysia, during the period 1960-2003. An augmented neoclassical growth framework is adopted to provide an evaluation of the impact of financial sector development on economic development. Using the recently developed ARDL bounds procedure, the results show that aggregate output and its determinants are ...

This article examines the determinants of health expenditures in Tunisia during the period 1961-2008, using the Autoregressive Distributed Lag (ARDL) approach by Pesaran et al. (2001). The results of the bounds test show that there is a stable long-run relationship between per capita health expenditure, GDP, population ageing, medical density and environmental quality. In fact, on the one hand ...

This paper investigates whether the Feldstein and Horioka (1980) argument on domestic saving-investment relationship is supported by the data of the countries in the Middle East and North Africa (MENA) region when the financial development levels and exchange rate regimes are taken into account. To this end, we employ both the ARDL bounds cointegration test and panel mean group procedures. The ...

In the light of previous literature fertility determines different economic, social and program inputs variables. The main object of this study to investigate the impact of sector specific (health and education) foreign aid on fertility in case of Pakistan. For empirical investigation Auto Regressive Distributed Lag Model (ARDL) is used over the period of 1973-2012. The results of the study sho...

The Algerian economy is an example of a high level of rentierism, while the Egyptian economy shows a low/moderate level of rentierism. The ARDL bounds test approach was used upon annual time series data from 1965 to 2010. The results suggest cointegration for both countries. Bi-causality between energy consumption and growth in the long run was found. For Algeria there is a reversed (negative) ...

The purpose of this study is to investigate the role of oil, natural gas and coal consumption in Iran’s economic growth during the periods from 1980 to 2012. The stationary analysis is performed by using ADF and Phillips-Perron unit root test and Auto-Regressive Distributed Lag (ARDL) approach was used to test for co-integration between the variables. The findings show that the variables are co...

This paper aims at estimating the energy demand elasticity in relation to gross domestic product Indonesia based on data from 1995 2018. The sectors examined are industry, trading, transportation, and housing sectors. method of analysis is Autoregressive Distributed Lag (ARDL). An interesting estimation result here that industry sector negative both short long term. other three show positive el...

forecasting stock price had been paying attention to many analysts and stockholders. today, this issue more recent years has been do by new methods but new methods, good enough, not have analysis of description and changes effective variables on stock price whereas all this method rely on regression bases. ardl (autoregression distributed lag ) of one equation cumulative regression method obtai...

This study aims to determine the relationship between exports, foreign debt payments, and exchange rates on reserves of Indonesia in 1988-2019. uses secondary data for 31 years Autoregressive Distributed Lag (ARDL) analysis method analyze data. The results this indicate that all variables have no variables, only exports. In short-term testing, export does not a significant effect reserves, paym...

The present paper analyses the relations between food and oil prices for Malaysia using a nonlinear autoregressive distributed lags (NARDL) model. The bounds test of the NARDL specification suggests the presence of cointegration among the variables, which include the food price, oil price and real GDP. The estimated NARDL model affirms the presence of asymmetries in the food price behavior. Nam...