Long run economic growth
Tourism as a long-run economic growth factor in Portugal: Evidence from causality analysis
... of long-run economic growth and tourism can run strongly in one-way (Balaguer and Cantavella, 2002; Brida, Carrera and Risso, 2008), but is also present in two-ways (Dritsakis, ...Led ...
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Does the Budget Expenditure Composition Matter for Long-Run Economic Growth in a Resource Rich Country? Evidence from Azerbaijan
... Distributed Lags Bounds Testing (ADLBT) approach, Hasanov and Alirzayev (2012) have investigated the impact of total budget expenditures over non-oil economic growth for 2001Q1-2012Q4 period and found out ...
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Econ. Apl. vol.15 número3
... the growth and the cross country income lev- els difference literatures suggest a positive association with the quality of insti- tutions meaning that better institutions foster long run ...
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Growth and exchange rate volatility: a panel data analysis
... foster long-run economic growth than exchange rate misalignment, which can be associated with macroeconomic instability without being able to reveal outward-oriented growth ...
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Institutional quality and economic growth: Empirical evidence from the Sudanese economy
... the long-run relationship reported in Table 4 reveal that the institution quality index (PFDUM) has a signiicant impact on economic growth in Sudan during the period under ...of ...
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Short and Long-run Behaviour of Long-term Sovereign Bond Yields
... the run-up to European and Monetary Union (EMU), the Stability and Growth Pact (SGP) framework and peer ...an economic perspective, has been essentially unaccounted for in the applied related ...
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On the dynamics of energy-growth nexus: Evidence from a world divided into four regions
... the long-run: (i) The “feedback hypothesis” is present in America and in Africa and the Middle East; and (ii) in Europe and Central Asia and in Africa and the Middle East, the “conservation hypothesis” was ...
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REDISTRIBUTION AND HUMAN CAPITAL: THE IMPACT ON LONG-RUN GROWTH António Martins, 1026
... the long-run run per capita GDP growth changes with the level of redistribution effort made per country in each ...of long-run growth between those in the bottom 33% of ...
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Core GDP: a medium- to long-run measure of Brazilian economic activity
... an economic activity indicator free from short-run fluctuations while the latter is defined by Gordon (1990) as the level of output obtained when all the resources in an economy are fully used without ...
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Economic freedom and growth: A panel cointegration approach
... The long run equilibrium results are enshrined in the ceteris paribus ...increase economic growth by ...increase economic growth by ...explaining long-run chang- es ...
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Augmented energy-growth nexus: economic, political and social globalization impacts
... The paper examines the augmented energy-growth nexus by introducing globalization variables for a panel of 43 countries. The use of a macro panel with long time span data assures robustness to the analysis. ...
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Environmental protection and economic growth
... Although the analysis outlined in section 2 provides us with important hypotheses for our analysis, we can also develop the model by incorporating adjustment costs for environmental regulation policies in order to ...
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On the long run effects of barriers to trade
... Xqolnh prvw prghov lq wklv olwhudwxuh/ wkh rqh lq wklv sdshu suhglfwv wkdw wkhuh pd| eh pxowlsoh edodqfhg jurzwk sdwkv wr zklfk dq hfrqrp| pd| frqyhujh1 Lw vkdoo eh vwuhvvhg wkdw wklv gr[r] ...
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Convergence in Brazil: recent trends and long run prospects
... per capita income leveIs in 1970 and growth rates for the period 1970/1995, assuming values. for the speed of convergence of 4%, 5% and 6%[r] ...
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Model selection, estimation and forecasting in VAR models with short-run and long-run restrictions
... trends (usually refereed to as BN cycles) can be characterised as linear combinations of r common factors. Vahid and Engle (1993) show that a DGP with common BN trends and cycles is a special case of the above under some ...
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Model selection, estimation and forecasting in VAR models with short-run and long-run restrictions
... of long-run cointegrating restrictions on ...that long-run restrictions involve the rank of only one of the param- eter matrices of a VECM, and that inference on this matrix is difficult ...
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On long-run price comovements between paintings and prints
... In this paper, we try to answer questions of this type, using the infor- mation contained in prints' and paintings' price indices for global markets and for some i[r] ...
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A Bound Test Approach to Cointegration of Tourism Demand
... the long run and short run demand for tourism from top ten markets ...a long-run equilibrium relationship between arrivals, income, tourism price, tourism substitute price and travel ...
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