... economic growth. The common empirical methodology used in the literature are causality tests, cointegration and regression methods. Multiple proxies of financial inclusion and economic growth were used in the literature which partly explains the conflicting result among existing studies. The review paper...

...; for instance, Herzer and Vollmer (2012) used annual cross country panel data of 46 countries over the period of 1970‒1995. Using the cointegration techniques, the authors found that the effects of income inequality on economic growth were significantly negative in the long run for the whole sample and even...

...) or bounds testing approach to cointegration by applying both the F- and the t-test statistics (Pesaran et al., 2001). The analysis is applied to 12 different models that incorporates the various types and sources of foreign aid. Findings Empirical results suggest that aid...

... of this paper is to study the role of ageing society to curb rising health care expenditures along the Spanish regions over the period 2002-2013, identifying their geographic differences and explain them based on GDP differences. Design/methodology/approach Cointegration technique is used in order to test...

... Korhonen can be contacted at: marko.korhonen@oulu.fi 01 06 2016 01 06 2016 27 10 2016 © Emerald Publishing Limited 2017 Emerald Publishing Limited Licensed re-use rights only Suicide Cointegration Habit persistence Hall’s consumption function I12 D91...

...-2013. Design/methodology/approach This study employs autoregressive distributed lag (ARDL) bounds test method to examine the long run relationship or cointegration between corruption and per capita real GDP in Bangladesh using annual time series data. International Country Risk Guide’s (ICRG...

... flows. The purpose of this paper is to test the linkage between democracy and FDI flows to Turkey. Design/methodology/approach The present study employs a bounds testing procedure developed (Pesaran et al., 2001) for cointegration analysis on six different long-run models with selected...

... over the period 1971‐2011. Design/methodology/approach The autoregressive distributed lag (ARDL) bounds testing approach to cointegration with structural breaks is applied to examine long run relationship between the variables. The direction of causality is detected by vector error correction...

... and Shaw, 1967 ; Goldsmith, 1969). This contradicts the common view of classical theorists, which regards trade as a factor for growth. © Emerald Group Publishing Limited 2013 Cointegration Economic growth Financial liberalization Trade openness Granger causality Greece Adam...

.../approach The paper employs bounds testing cointegration procedure, augmented causality tests and variance decompositions. Findings The empirical results suggest the existence of cointegration amongst the variables. Augmented Granger causality tests and variance decomposition analyses indicate...

...Chor Foon Tang Purpose The aim of this study is to empirically investigate the effect of real wages on labour productivity in Malaysia's manufacturing sector using annual data from 1980 to 2009. Design/methodology/approach This study uses the Johansen cointegration test to examine the presence...