Mehmood, Bilal; Feliceo, Acleo; Shahid, Amna - In: Romanian Economic Business Review 9 (2014) 1, pp. 21-33
This paper is empirically analyses the aviation-led growth hypothesis for Romania by testing causality between aviation and economic growth. We resort to econometric tests such as unit root tests and test of cointegration purposed by Johansen (1988). Fully Modified OLS, Dynamic OLS and Conical...
