scholarly journals The Causality Relationship between Technological Development Indicators and Economic Growth: The Case of Turkey

2017 ◽  
Author(s):  
Neşe Algan ◽  
Müge Manga ◽  
Muammer Tekeoğlu
Keyword(s):  
Economic Growth ◽  
Technological Development ◽  
Granger Causality Test ◽  
Gdp Per Capita ◽  
High Tech ◽  
Causality Test ◽  
Development Indicators ◽  
Causality Relationship ◽  
Patent Applications ◽  
Per Capita

The improvements in technological development indicators play a driving role in the process of economic growth and industrialization. Especially, technological developments are vital for developing countries. This study investigates the relationship between the share of R & D expenditure in GDP, the number of patent applications and GDP per capita utilizing Granger causality test for the period of 1996 - 2015. According to Granger Causality test analysis results, it is concluded that short-term one-way causality from high-tech product exports and R & D spending to GDP per capita, and one-way causality relationship from GDP per capita to patent application numbers. In addition, long-term R & D expenditures and patent applications have resulted in a positive GDP per capita, while high-tech exports, contrary to anticipation, negatively affected.

The Relationship Among Military Expenditure, High Technological Product Exports, and Economic Growth

2021 ◽  
pp. 624-645
Author(s):  
Sevgi Sezer
Keyword(s):  
Economic Growth ◽  
Panel Data Analysis ◽  
Military Expenditure ◽  
Gdp Per Capita ◽  
High Tech ◽  
Industrialized Countries ◽  
G7 Countries ◽  
Causality Relationship ◽  
Per Capita ◽  
The Relationship

In this chapter, the effects of military expenditure (MEXP) on high-tech exports (HTX) and GDP per capita (GDPPC) of G7 and new industrialized countries (NIC) are analyzed for period 1988-2015 by panel data analysis. The causality relationships between the series are examined by Dumitrescu and Hurlin test. In G7 countries, one-way causality relationship from HTX to MEXP and two-way causality relationship between MEXP and GDPPC have been identified. Also, in NIC countries, two-way causality relationship between HTX and MEXP and one-way causality relationship from GDPPC to MEXP have been determined. Cointegration relations are tested by Pedroni test and the series are found to be cointegrated. It is seen that in the G7 countries, 1% increase in MEXP during the period of 1988-2015 increased HTX by 0.71% and GDPPC by 0.98%. In NIC countries, the 1% increase in MEXP increased HTX by 1.7% and GDPPC by 0.96%. The effect of MEXP on HTX is found much higher in NIC countries.

The Relationship Among Military Expenditure, High Technological Product Exports, and Economic Growth

2018 ◽  
pp. 59-80
Author(s):  
Sevgi Sezer
Keyword(s):  
Economic Growth ◽  
Panel Data Analysis ◽  
Military Expenditure ◽  
Gdp Per Capita ◽  
High Tech ◽  
Industrialized Countries ◽  
G7 Countries ◽  
Causality Relationship ◽  
Per Capita ◽  
The Relationship

In this chapter, the effects of military expenditure (MEXP) on high-tech exports (HTX) and GDP per capita (GDPPC) of G7 and new industrialized countries (NIC) are analyzed for period 1988-2015 by panel data analysis. The causality relationships between the series are examined by Dumitrescu and Hurlin test. In G7 countries, one-way causality relationship from HTX to MEXP and two-way causality relationship between MEXP and GDPPC have been identified. Also, in NIC countries, two-way causality relationship between HTX and MEXP and one-way causality relationship from GDPPC to MEXP have been determined. Cointegration relations are tested by Pedroni test and the series are found to be cointegrated. It is seen that in the G7 countries, 1% increase in MEXP during the period of 1988-2015 increased HTX by 0.71% and GDPPC by 0.98%. In NIC countries, the 1% increase in MEXP increased HTX by 1.7% and GDPPC by 0.96%. The effect of MEXP on HTX is found much higher in NIC countries.

scholarly journals The Relationship Between Financial Development and Economic Growth in The United Kingdom: A Granger Causality Approach

2021 ◽  
Vol 2 (1) ◽  
pp. 47-71
Author(s):  
Samuel Wesiah ◽  
Sixtus Cyprian Onyekwere
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Financial Development ◽  
Granger Causality Test ◽  
Cointegration Test ◽  
Gdp Per Capita ◽  
Causality Test ◽  
Long Run ◽  
Per Capita ◽  
The Uk

This study aims to investigate the causal relationship between financial development and economic growth in the UK using quarterly data from 1963q1 to 2015q1. Three variables were used as proxies for financial sector development, namely, ratios of broad money supply to GDP, ratios of private sector credit to GDP and the ratios of stock market capitalization to GDP.  Economic growth was measured using real GDP per capita. In order to achieve stated aim, the study employed the Johansen Cointegration test and the Granger causality test within a vector error correction framework (VEC) to test for the existence (or not) of a long run relationship as well as the direction of causality between financial development and economic growth. The result from the Cointegration test indicates that there is a stable long run equilibrium relationship between financial development and economic growth in the UK. The Granger causality test presents evidence of a bidirectional causality. This suggests that financial development and economic growth are mutually causal, that is, causality runs from both side which is in line with the feedback hypothesis in the literature which argue that financial development and economic growth exhibits a two-way causal relationship. In terms of each individual variable, the study finds that while bank credit to the private sector and stock market capitalisation Granger cause GDP per capita, GDP per capita on the other hand, Granger causes broad money supply.

scholarly journals Economic growth and under-five malaria mortality in Tanzania mainland: from correlation analysis to causality

2017 ◽  
Vol 5 (1) ◽  
pp. 91 ◽  
Author(s):  
Mwoya Byaro ◽  
Abeli Kinyondo ◽  
Patrick Musonda
Keyword(s):  
Economic Growth ◽  
Causal Link ◽  
Gdp Per Capita ◽  
Causality Test ◽  
Policy Makers ◽  
Correlation Relationship ◽  
Under Five ◽  
Malaria Mortality ◽  
Per Capita ◽  
The Relationship

This paper establishes empirical evidence related with correlation and causality between economic growth (as measured by GDP per capita) and under-five malaria mortality in Tanzania Mainland. The goal is to contribute knowledge on the existing relationship between economic growth and under-five malaria mortality. Correlation and scatter regression analysis plot were employed to find out the relationship among the (GDP per Capita), Insecticides Treated Nets (ITNs) distributed, Human Resources (physicians and nurses) and under-five malaria mortality from the year 2004 to 2015. Moreover, Granger Causality test was applied to test the causal link between the economic growth and under-five malaria Mortality. The economic growth (as measured by GDP per Capita) and number of ITNs distributed under various malaria campaigns have significant unidirectional causality to under-five malaria mortality while there is no causality evidence between human resource for health (physicians and nurses) and under-five malaria mortality despite the observed correlation relationship. Since economic growth and ITNs have unidirectional causal link with under-five malaria mortality, it implies that any changes in GDP per Capita and ITNs will change under-five malaria mortality. The researchers and policy makers need to gather more evidence on ITNs and economic growth to assess the risk of under-five malaria mortality to inform decision making.

Causal Relationship between Foreign Direct Investment and Economic Growth

2015 ◽  
pp. 319-330 ◽  
Author(s):  
Hasan Bakır ◽  
Filiz Eryılmaz
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Direct Foreign Investment ◽  
Causality Test ◽  
Causality Tests ◽  
Causality Relationship ◽  
Granger Causality Tests ◽  
Per Capita

In this chapter, the authors investigate the causality relationship between the inflows of foreign direct investment (FDI) and economic growth as measured by Real Gross Domestic Product (GDP) per capita in Turkey during the period 1974-2012 by using the Granger causality tests. The causality test indicates that economic growth Granger-causes FDI. This means that there is bidirectional causality from Reel GDP to FDI in Turkey. So the author results support “the growth – driven FDI hypothesis”. This demonstrates that in the related time in Turkey, more direct foreign investment entered the economy together with an increase in economic growth.

Does any nexus between electricity consumption and economic growth exist? Evidence from Haryana using VAR model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kamaljit Singh
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Renewable Energy Sources ◽  
Electricity Consumption ◽  
Granger Causality Test ◽  
Economic Downturn ◽  
Causality Test ◽  
Content Type ◽  
Long Run ◽  
Per Capita

Purpose In the fast-changing technological environment, electricity is the essence of the world economy and a significant means for all the modern world’s possessions. The ongoing economic downturn focuses on energy’s role in the economy. This study aims to explore the nexuses between per capita electricity usage and per capita state gross domestic product (SGDP) in Haryana, India. Design/methodology/approach The statistics from 1989 to 2015 have been analyzed using Johansen cointegration, vector autoregression and paired Granger-causality test. Findings The Granger causality test results show that a long-run association is absent. A short-run unidirectional relationship runs from per capita SGDP to per capita electricity usage. Practical implications As a policy suggestion, the policymakers may encourage energy conservation measures and renewable energy sources to lead the country’s sustainable energy supply. Moreover, Haryana can increase its influence in this sector and enter rapidly in the growing markets worldwide by stimulating the production and adoption of digital solutions for energy efficiency. Originality/value To the best of the author’s awareness, this research is one of its nature regarding systematically analyzing electricity usage and economic growth relationship in Haryana.

scholarly journals Personal remittances, banking sector development and economic growth in Israel: A trivariate causality test

2015 ◽  
Vol 13 (1) ◽  
pp. 1014-1027
Author(s):  
Kunofiwa Tsaurai
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Gdp Per Capita ◽  
Series Data ◽  
Long Run ◽  
Banking Sector Development ◽  
Integration Test ◽  
Short Run ◽  
Causality Relationship ◽  
Per Capita

The current study investigates the causal relationship between personal remittances and economic growth using Israel time series data from 1975 to 2011. In a bid to contain the omission-of-variable bias not addressed in many past studies on this topic, this study included banking sector development as a third variable in the relationship between personal remittances and economic growth to create a tri-variate causality framework. Personal remittances as a ratio of GDP, domestic credit to private sector by banks as a ratio of GDP and GDP per capita were used as proxies for personal remittances, banking sector development and economic growth respectively for the purposes of this study. It used the Johansen co-integration test to examine the existence of the long run relationship and vector error correction model (VECM) to determine the direction of causality between personal remittances, banking sector development and economic growth both in the long and short run. The findings reveal that: (1) there is a significant long run causality relationship running from GDP per capita and banking sector development towards personal remittances, (2) there is an insignificant long run causality relationship running from personal remittances and GDP per capita towards banking sector development, (3) there is no long run causality relationship running from personal remittances and banking sector development towards GDP per capita and there is no short run causality relationship between the three variables that were under study in Israel. The author therefore recommends the authorities of Israel to speed up the implementation of banking sector development and economic growth programmes in order to increase the quantity of personal remittances inflows

scholarly journals KAUSALITAS PERTUMBUHAN EKONOMI,KEMISKINAN,PENDIDIKAN DAN DISTRIBUSI PENDAPATAN DI PULAU SUMATERA

2020 ◽  
Vol 2 (3) ◽  
Author(s):  
Syafika Adriani ◽  
Sri Ulfa Sentosa
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Causal Relationship ◽  
Granger Causality Test ◽  
Causality Test ◽  
Panel Model ◽  
Causality Relationship ◽  
Relationship Of ◽  
Distribution Of Income ◽  
Education And Economic Growth

Abstrack :This study aims to determine the causality relationship between Economic Growth, Poverty, Education and Distribution of Income on the island of Sumatra by using a panel model Vector Autoregresion panel (PVAR) from 2013 to 2017. The research methods used are: (1) Analysis of the Vector Regression Panel , (2) Granger Causality Test. The results showed that (1) there was no causality or one-sided relationship between economic growth and poverty on the island of Sumatera, (2) there was no causality relationship between poverty and income distribution in Sumatera Island, but there was a one-way relationship between poverty and income distribution. (3) There is no causal relationship or one-way relationship between income distribution and education on the island of Sumatera (4) There is no causal relationship between education and economic growth, but there is a one-way relationship between education and economic growth on the island of Sumatera. (5) There is no causality or one direction relationship between growth and income distribution on the island of Sumatera. (6) There is no causal relationship between education and poverty, but there is a one-way relationship of poverty to education on the island of SumateraKeywords: Economic Growth, Poverty, education, Income Distribution

scholarly journals Corruption, Poverty, and Economic Growth (Causality Studies among Asean Countries)

JEJAK ◽  
2018 ◽  
Vol 11 (2) ◽  
pp. 413-428
Author(s):  
Zuhairan Y. Yunan ◽  
Ayu Andini
Keyword(s):  
Economic Growth ◽  
Random Effect ◽  
Random Effect Model ◽  
Granger Causality Test ◽  
Governance System ◽  
Causality Test ◽  
Development Indicators ◽  
Effect Model ◽  
Asean Countries ◽  
Growth Indicators

Corruption has causal impacts on economic and social development indicators. The discussion on this issue is widely interesting among economists, especially in Southeast Asia Countries which have been considered that has as a corrupt governance system. The objective of this study is to analyze the causality of corruption, poverty, and economic growth among ASEAN countries between 2002 and 2015. Four countries have been choosen since they have the same characteristics in term of the indicators presented. Granger causality test and Random Effect Model have been used to answer problem question of this paper. The results show that statistically, both of economic development indicators have a significant effect to corruption, while each indicator has a different direction. Meanwhile, causality test presents a tendency in Philippines. Hence, it is only economic growth is affecting corruption significantly and it occurs between poverty and corruption as well. In Thailand, different result shows that the causality happenes poverty and economic growth indicators. However, Indonesia and Malaysia have no causality at all.

scholarly journals ANALISIS KAUSALITAS FERTILITAS DENGAN PERTUMBUHAN EKONOMI DAN KEMISKINAN DI SUMATERA BARAT

2020 ◽  
Vol 2 (3) ◽  
Author(s):  
Robby Saputra ◽  
Sri Ulfa Sentosa
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Direct Relationship ◽  
Secondary Data ◽  
Granger Causality Test ◽  
Causality Test ◽  
West Sumatra ◽  
Causality Relationship ◽  
Vector Auto Regression ◽  
Auto Regression

Abstract: This study aims to determine the causal relationship between fertility, economic growth and poverty in West Sumatra. This type of research is descriptive and associative research. The data used are secondary data in the form of panel data from 2010 to 2017. The research methods used are: (1) Vector Auto Regression Analysis, (2) Granger Causality Test. The results showed that (1) There was no causality relationship between fertility and economic growth in West Sumatra, but there was a direct relationship between fertility and economic growth. (2) There is no causality relationship between fertility and poverty in West Sumatra, but there is a direct relationship between poverty and fertility. (3) There is no causal relationship between economic growth and poverty in West Sumatra, but there is a direct relationship between poverty and economic growth.Keywords: Fertility, Economic Growth, Poverty

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