The position of research on the relationship between financial sector development and economic growth remains largely inconclusive. Several authors believe the relationship is monotonic while others show that it is non-linear. A section of growth literature indicates that this relationship...

The relationship between economic growth, growth volatility and financial sector development continues to attract attention in the theoretical and empirical literature. Over time, some studies hypothesize that finance has a causal linear relationship with growth. Recently several other authors...

This paper examines the stationarity of carbon dioxide (CO2) emissions per capita for a set of 36 countries covering the period 1870-2006. We employ recently developed unit root and stationarity tests that allow for the mean reverting process to be nonlinear and take into account cross sectional...