In this paper we review the literature on finance-growth nexus and investigate the causality between financial development and economic growth in Turkey for the period 1975-2004. The empirical investigation is carried out in a vector autoregression (VAR) framework based on the theory of...

This paper investigates the causal relationship between FDI, GDP and the Euro/Hungarian Forint exchange rate in Hungary during the 1995-2012period. Although the question has great significance from an economic policy standpoint, there has been little to no empirical analysis undertaken so far in...

We present an analysis of the evolution of employment, productivity and wages in European regions. We estimate an econometric model for the rate of employment and real gross wage with a cross-section of 96 EU27 Regions at NUTS-1 level. We find stagnation in the average evolution of EU and strong...

We analyse the impact of industry on non industrial production, as well as its effect on wages and employment in 6 OECD countries: France, Germany, Italy, Spain, the United Kingdom and the United States for the period 1960-2012. Our approach to macro-econometric modelling have into account both...

We analyse the evolution of Private Consumption on Health, having into account that there are substitution effects between public and private expenditure in OECD countries. From the analysis of the evolution of these variables our main conclusion is that the increase of expenditure on Health,...

We present some econometric models of agrarian and non agrarian employment in OECD countries, and analyse the evolution of employment in European Union and the USA and other areas in the period 1960-2000. Data show that wages are lower in EU than in the USA and in spite of that rates of...

The aim of this paper is to analyse the evolution of manufacturing in 11 OECD countries, during the period 1975-92, from two viewpoints: supply and demand. With this purpose we estimate, with a pool of data, two econometric models for explaining industrial production from the above mentioned...

We propose in this article a general time series model, whose components are modelled in terms of fractionally integrated processes. This specification allows us to consider the trend, the seasonal and the cyclical components as stochastic processes, including the unit root models as particular...

This article presents some econometric models that have into account both supply and demand sides as determinants of real Exports, and the important relationships that exist between industrial development and foreign trade. The models also focus on the positive role that human capital plays to...

This paper investigates the possibility of export-led growth and growth-driven export by testing for Granger causality between the logarithms of real exports and real GDP in twenty-five OECD countries. Two complementary testing strategies are applied. First, depending on the time series...