This study aims to test the validity of tourism-led growth hypothesis. For this purpose, ten countries with highest tourism income (USA, China, Australia, France, Italy, England, Spain, Germany, Japan, Thailand) are included in analysis covering period 1995-2018. Pedroni cointegration, panel Dynamic Ordinary Least Square (DOLS) and Fully Modified (FMOLS) methods utilized by using economic growt...

Turkey faces increasing CDS (Credit Default Swap) spreads. The level of spreads shows the riskiness a country in terms credit default and countries can’t attract high foreign investment inflows when are high. In this context, need to identify influential factors order decrease study, ten independent variables classified global, macro, market analyzed using monthly data between January 2004 Dece...

با توجه به رشد بالای جمعیت در جهان و نیاز اطمینان از امنیت غذایی، افزایش تولید واحد سطح محصولات زراعی به‌منزلة راهبردی اساسی حل مسئلة تأمین غذا به‌شمار می‌رود. سوی دیگر، وجود محدودیت زیرکشت پایین‌بودن میانگین عملکرد برخی کشاورزی مانند گندم کشور، محصول می‌تواند راهکاری عملی پاسخ کشور محسوب شود. یکی مهم‌ترین بیماری‌های فوزاریوم است که، نقش پیش‌بینی این بیماری جلوگیری کاهش بهره‌وری محصول، مدل‌هایی...

This paper uses panel cointegration techniques to examine the causal relationship between renewable energy consumption, economic growth and CO2 emissions for a group of 12 MENA countries covering the annual period 1975-2008. The Granger-causality results indicate that there is no causal relationship between these variables in short run except a unidirectional causality running from renewable en...

This study is an attempt to explore the impact of trade and financial openness on government size in the case of Pakistan. In doing so, we utilized FMOLS for cointegration and Ng-Perron for unit root estimation along with ECM for short run dynamics. Empirical results reveal that current government expenditures influence government size in future. Trade-openness is associated positively with the...

A number of studies have estimated the income elasticity of health care expenditure to identify whether health care is a necessary or luxury product. However, the issue has received less attention in developing countries, especially in Asian economies. The current study for the first time has used the panel data covering 36 Asian countries for the period 1995-2013 for revealing the nature of he...

This study examines causal link between energy use and economic growth for five South Asian countries over period 1971-2006. Panel cointegration, ECM and FMOLS are applied for short and long run estimates. In short run unidirectional causality from per capita GDP to per capita energy consumption is found, but not vice versa. In long run one percent increase in per capita energy consumption tend...

This paper investigates the possible existence of dynamic causality between energy price, trade openness and economic growth using data thirty-six emerging economies over period 1980 to 2014. Panel unit root tests, panel cointegration, fully modified least squares (FMOLS) methods tests are used investigate this relationship. The FMOLS estimation reveals that higher international reserve, consum...