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 the effect of transportation (road and rail) infrastructure on economic growth in India over the period 1970–2010. Using Vector Error Correction Model (VECM), the paper finds bidirectional causality between road transportation and economic growth. It also finds...

This article investigates whether there are Granger causal relationships between broadband penetration, degree of urbanization, foreign direct investment and economic growth using a panel data set covering the G-20 countries for the period 1998-2011. Using our multivariate framework, we first...

The paper examines the long-run relationship between banking sector development, stock market development and economic growth in 26 ASEAN regional forum (ARF) countries for the period 1961-2012. Using principal component analysis for the construction of development indices and panel vector...

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 article investigates the causal relationships between internet, economic growth, government expenditure and inflation in 34 OECD countries during the period 1990 to 2010. Using panel co-integration, empirical results show that they are co-integrated. Moreover, there exists bidirectional...

Purpose The purpose of this paper is to shed light on the age-old trade-and-economic-growth controversy. The authors do so by utilizing the data relating to the G-20 countries between 1988 and 2013. Design/methodology/approach The authors seek to establish the formal statistical links between...

This paper presents an application of Artificial Neural Network (ANN) to forecast inflation in India during the period 1994-2009. The study presents four different ANN models on the basis of inflation (WPI), economic growth (IIP), and money supply (MS). The first model is a univariate model...

The paper examines the long run relationship between financial development and growth in India in a trivariate framework by incorporating stock market development. It finds that stock market development has substantial impact on finance- growth nexus. While financial development and economic...

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...