Purpose of the study: In this study, an initiative has been taken to understand relationship of capital and labour input with the industrial value addition. Study design/ methodology/approach: To understand such relationship, yearly time series data from 1981 to 2017 have been taken in the...

This study investigates the causal relationship between power energy consumption, FDI and Economic growth in Pakistan using time series data from 1965 to 2019. Johansen co-integration test is employed for finding out relationship and Granger causality test is used to find the direction of...

Trade openness is considered a medium for economic growth. Economic theory supports the assertion that trade enhances competition, promotes large market, transfers of technology which then propels economic growth. In recent times, developing countries have embraced trade liberalization as a...

Although it is theoretically expected that fiscal decentralization leads to efficient provision of local public services and induces economic growth, there is a mixed outcome of the non-devolved and devolved effect on economic expansion across earlier empirical studies. This could be due to non...

This study investigated the effect of international tourism development on economic growth in Zimbabwe, using time series data spanning over the period 1980 to 2017. The main aim of the study was to examine whether international tourism is a pathway to economic recovery in Zimbabwe. The study...

The main objective of this study was to find out the impact of Chinese FDI on the economic growth of Bangladesh where yearly time series data is used over a period from 1997 to 2020. To obtain those objectives, this study implies the Johansen Co-integration test and vector error correction model...

This study analyzes the long-term effects of financialization and financial development on investment and growth by using data of OECD countries since the 1970s. The panel cointegration approach is adopted to investigate the long-run effects of these variables. Estimation results show evidence...

This review discusses methods of testing for a cointegration in a time series in thepresence of structural breaks. The review covers a large number of recently developedtesting methods based on both one equation and multiple equation frameworks. In addition,various methods for estimating the...