This paper investigates the impact of stock market development, money supply and inflation on economic growth in India during the post-globalisation era of the 1990s, especially during the period from 1994 to 2012. Using autoregressive distributive lag (ARDL) bounds testing approach, the study...

This paper examines the long-term relationship between financial development, social development and economic growth in 15 Asian countries for the period from 1961 to 2012. Using principal component analysis to construct development indices and a panel vector auto-regressive (VAR) model to test...

The paper explores the role of foreign direct investment (FDI) on the trade-led growth hypothesis in three countries, namely Australia, Canada and Israel for the period 1965-2009. The empirical investigation is based on panel co-integration and causality tests. The results provide clear support...

This paper examines dynamic interactions between foreign direct investment (FDI) and economic growth using panel-data cointegration and causality tests. We present our results for 34 Eurasian countries for which previous research on this subject has not hitherto been performed. We find that that...

This article investigates short-run as well as long-run relationships, and also causality relationships between banking sector development and the economic growth of India for which empirical analysis is performed using annual data. We use a new data set of banking sector development indicators...

The export-led growth hypothesis (ELGH) is an interesting field of research in applied economics. The paper investigates the role of education on the ELGH in India during 1951-2009. Using cointegration and error correction model technique, it finds the feedback effect between education and...