This study investigates the relationship between financial development and economic growth for Saudi Arabia for the period 1989-2008 by using fully modified ordinary least squares (FMOLS) approach. Financial market development has been represented by the effect of credit market development (bank...

In this paper, we examine the relationship between the domestic credit by banking sector and Gross Domestic Product (GDP) per capita in the balanced panel framework of 20 Latin America countries from 1960 to 2010. Panel Cointegration tests of Kao (1999), Maddala and Wu (1999) and Westerlund...

Empirical macroeconomists have investigated the possible link between the development of stock markets, economic growth, and inflation separately. Unlike earlier work, this paper investigates the nature of causal relations between these variables using a panel Granger causality test on a sample...

This article discusses the effects of remittances on labor force participation. Remittances reduce the probability of participation in the labor market because they increase the relative price of leisure. Using data from the national household survey held in Colombia in 2008, we found that...

This paper investigates the long-run relationship between unemployment and labor force participation and analyzes the existence of added/discouraged worker effect, which has potential impact on economic growth and development. Using panel cointegration techniques for a panel of European...

Using cross-section data of 123 countries for 2007, this paper examines the relationship between per capita GDP and the Education Development Index and its four components . The paper primarily uses the quantile regression method. The regression results show that the effect of per capita GDP...

The study undertakes an econometric analysis of the contribution of remittance, education expenditure and investment to economic growth rates in the Philippines. Remittance is the most important source of finance for the Philippines. Hence, this paper is an attempt to provide insights into...

This paper examines the relationship between labor market rigidity and FDI decisions by Europeans multi-nationals firms during 2004-2008. We use firm-level data for European Multinational Enterprises investment in 41 European countries during these four years. Using conditional fixed effect...

Exports, in this study, are more productive than non-exports, but why? Using a micro-panel dataset from five African countries we show that more productive small and medium enterprises (SMEs) self-select into exporting. Ultimately we are interested in impact of exporting on productivity. Results...

This paper studies Canada international trade flows with its major trading partners. We examine bilateral trade flows between Canada and the US and we use panel cointegration methodology to estimate the import and export elasticities and we show that the Marshall-Lerner condition does hold. We...