Abstract We re-explore the link between government expenditure and private investments within a modern econometric framework. Performing dynamic analysis on panel of 28 OECD countries over 1990–2019, we account for nonstationarity, country-heterogeneity, cross-sectional dependence. By estimating an ECM version novel CS-ARDL model, find robust evidence both short-run long-run adverse effects agg...

Foreign direct investment (FDI) has gained prominence in international economics over the past three decades. Primarily, belief that FDI influences economic growth of host country, set stage for empirical research focused on FDI–growth nexus. The literature, however, reveals mixed evidence regarding role promoting growth. Despite conflicting evidence, developed and developing economies have att...

This study examines the factors determining demand for imports of member countries Economic Community West African States (ECOWAS) over period from 1980 to 2017. As a modelling strategy, we employ Common Correlated Effect Mean Group (CCEMG) estimator that accounts both heterogeneity and cross-sectional dependence across countries. The provides various pieces evidence through whole-panel country...

This paper investigates the relationship between electricity consumption and economic growth by using Autoregressive Distributed Lag (ARDL) bounds testing approach and vector error-correction models (VECM) in Cameroon, Cote D'Ivoire, Congo, Ethiopia, Gabon, Ghana, Guatemala, Kenya, Senegal, Togo and Zambia for period 1970-2010. The ARDL results show that there is cointegration relation between ...

The literature has extensively investigated stock market development and its critical role. Another variety of studies focuses on determining the factors responsible for development. motivation study is to investigate impact oil price movement in Southeast Asian economy period 1990-2020.study applied several economical tools such as second-generation panel unit root test widely known CADF CIPS,...