This paper investigates the short run as well the long run relationships between money supply, inflation, government expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively for the case of Cyprus using annual data from 1980...

This study tests for the existence and direction of causality between output growth and tourism expenditure using a trivariate model with real effective exchange rate (REER), analysed as a whole and in sub-categories (i.e. leisure travel and tourism expenditures, LTS and business travel and...

This paper investigates the short run as well the long run relationships between money supply, inflation, government expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively for the case of Cyprus using annual data from 1980...

This paper tests for the existence and direction of causality between electricity consumption and real gross domestic product for Greece. The study examines a trivariate system with capital formation for the period 1980-2010. Robust empirical results indicate that all variables are integrated of...

The causal relationships between military burden and economic growth have attracted considerable interest of academics, scholars and practitioners during the last three decades. This survey is hoping to contribute to the existing pool of literature by investigating the causal links between...

This study examines the causal links between energy consumption (EC) and economic development, as measured by Gross Domestic Product (GDP) for four Balkan countries (i.e. Greece, Bulgaria, Romania and Albania) during the period 1980-2009. Energy is a key source of economic growth because many...

Economic development, foreign investments and trade are widely discussed by academics and scholars concentrating mainly on the deterministic relationship running from trade flows and foreign capital to economic growth. Nevertheless, it is the more contemporary studies that underline the possible...

This study investigates the financial system–growth relationships for a panel that includes the twenty-eight member states of the European Union (EU) for the period 1999–2012. Considering that the Euro currency is currently adopted by only seventeen member states, the originality of this...

Tourism is one of the most important factors in the productivity of the Greek economy with significant multiplier effects on the country's economic activity. This study tests for the existence and direction of causality between output growth and tourism expenditure using a trivariate model with...