In a recent issue of this journal, Beil et al. (2005, hereafter, BFJ) examined the relationship between telecommunications investment and economic growth in the United States over the period 1947-1996. Based on results from Granger-Sims test, BFJ conclude that '… investment by...

The paper investigates the long-run and the causal relationship among public revenue, public expenditure and GDP for two Cypriot economies (North and South) for the period 1977-2006, using the autoregressive distributive lag approach to cointegration and a modified version of the Granger...

Challenges the claims of a previous article which tested the long-run relationship between economic growth and defence spending for mainland China for 1950-1991 and stated that the two series were integrated of the same order but not Granger-causally related to each other in any direction. Shows...

This paper investigates the relationship between government expenditure and economic growth in Ethiopia to test Wagner’s Law which postulates that as real income increases there is a tendency for the share of public expenditure to increase relative to national income. Using the bounds test...

The purpose of this paper is to revisit the Granger causal relationship between electricity consumption and economic growth for 15 transition economies for the period 1975–2010 using a bootstrap panel causality approach that allows for both cross-sectional dependency and for heterogeneity...

The paper investigates the causal link among inflation, money and budget deficits in Ethiopia for the period 1964 to 2003 using the bounds test approach to cointegration due to Pesaran et al. (2001) and using a modified version of the Granger causality test due to Toda and Yamamoto (1995). To...

This paper examines the causal relationship between financial development and economic growth for 21 African countries within a framework which also accounts for international trade. We develop a financial development index based on four different financial development indicators and apply the...

This article attempts to test the causal relationship between nuclear energy consumption and real GDP for nine developed countries for the period 1971-2005 by including capital and labour as additional variables. Using a modified version of the Granger causality test developed by Toda and...