Journal ArticleDOI
Exports and growth: Granger causality analysis on OECD countries with a panel data approach
TLDR
In this article, the authors investigated the possibility of Granger causality between the logarithms of real exports and real GDP in twenty-four OECD countries from 1960 to 1997, using a new panel data approach which is based on SUR systems and Wald tests with country specific bootstrap critical values.About:
This article is published in Economic Modelling.The article was published on 2006-12-01. It has received 631 citations till now. The article focuses on the topics: Granger causality & Real gross domestic product.read more
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Testing for Granger Non-causality in Heterogeneous Panels
TL;DR: In this paper, a simple test of Granger (1969) non-causality for hetero- geneous panel data models is proposed, based on the individual Wald statistics of Granger non causality averaged across the cross-section units.
Journal ArticleDOI
Financial development, trade openness and economic growth in African countries: New insights from a panel causality approach
TL;DR: In this paper, the causal relationship between financial development and economic growth for 21 African countries within a framework which also accounts for international trade was examined, and the empirical results show limited support for the finance-led growth and the trade-driven growth hypotheses.
Journal ArticleDOI
Financial development and economic growth nexus in the MENA countries: Bootstrap panel granger causality analysis
TL;DR: In this article, the authors investigated the direction of causality between financial development and economic growth in the Middle East and North African (MENA) countries using the panel causality testing approach, developed by Konya (2006) and applied to the panel of fifteen MENA countries for the period 1980-2007.
Journal ArticleDOI
The nexus of electricity consumption, economic growth and CO2 emissions in the BRICS countries
TL;DR: In this article, the causal link between electricity consumption, economic growth and CO 2 emissions in the BRICS countries (i.e., Brazil, Russia, India, China, and South Africa) for the period 1990-2010, using panel causality analysis.
Journal ArticleDOI
Renewable and non-renewable energy consumption and economic growth in emerging economies: Evidence from bootstrap panel causality
Mehmet Akif Destek,Alper Aslan +1 more
TL;DR: In this paper, the relative performance of renewable and non-renewable energy consumption on economic growth in 17 emerging economies was investigated using with bootstrap panel causality that allows both cross-section dependency and country specific heterogeneity across countries.
References
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Journal ArticleDOI
An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias
TL;DR: In this paper, a method of estimating the parameters of a set of regression equations is reported which involves application of Aitken's generalized least-squares to the whole system of equations.
Book
Applied Econometric Time Series
TL;DR: In this article, the authors present an alternative solution method for Deterministic Processes by iteratively solving homogeneous difference equation and finding particular solutions for deterministic processes, and conclude that the proposed solution is the best solution.
Journal ArticleDOI
The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
Trevor Breusch,Adrian Pagan +1 more
TL;DR: The Lagrange multiplier (LM) statistic as mentioned in this paper is based on the maximum likelihood ratio (LR) procedure and is used to test the effect on the first order conditions for a maximum of the likelihood of imposing the hypothesis.
Journal ArticleDOI
Export-led growth: a survey of the empirical literature and some non-causality results. Part 1
Judith A. Giles,Cara L. Williams +1 more
TL;DR: A comprehensive survey of more than 150 export-growth applied papers can be found in this paper, where the authors describe the changes that have occurred over the last two decades in the methodologies used empirically to examine for relationships between exports and economic growth, and provide information on the current findings.
Journal ArticleDOI
Short run and long run causality in time series: Theory
Jean-Marie Dufour,Eric Renault +1 more
TL;DR: In this article, the authors generalize the notion of causality by considering causality at a given (arbitrary) horizon h and derive necessary and sufficient conditions for noncausality between vectors of variables (inside a larger vector) up to any given horizon h, where h can be infinite.
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The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
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