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 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 investigates the causal links between trade openness and government size for an EMU member country, Greece, during the period 1960-2009. For this purpose, cointegration test, error correction model and Granger-causality analysis are employed. Robust empirical findings on the long-term...

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...

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 paper investigates the causal relationship between economic development as measured by GDP per capita and foreign direct investment for an EU and EMU member country, Greece, by applying cointegration tests and Granger causality analysis, during the period 1970-2009. Robust empirical...