scholarly journals Impact of Microfinance on Poverty and Inequality A Heterogeneous Panel Causality Analysis

2016 ◽  
Vol 126 (5) ◽  
pp. 789 ◽  
Author(s):  
Lansana Bangoura ◽  
Momar Khary Mbow ◽  
Albert Lessoua ◽  
Diadié Diaw
Keyword(s):  
Causality Analysis ◽  
Panel Causality ◽  
Poverty And Inequality ◽  
Heterogeneous Panel

scholarly journals Financial Development and Economic Growth: Evidence from a Heterogeneous Panel of High Income Countries

2007 ◽  
Vol 12 (1) ◽  
pp. 1-34 ◽  
Author(s):  
A.R. Kemal ◽  
Abdul Qayyum Abdul Qayyum ◽  
Muhammad Nadim Hanif
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Fixed Effects ◽  
Empirical Relationship ◽  
High Income ◽  
Causality Analysis ◽  
Panel Estimation ◽  
Panel Causality ◽  
Heterogeneous Panel ◽  
The Relationship

This paper examines the empirical relationship between financial development and economic growth for high income countries. The study focuses on both indirect finance and direct finance, separately as well as jointly. Applying the methodology of Nair-Reichert and Weinhold (2001) for causality analysis in heterogeneous panel data, two sets of results are reported. First, the evidence regarding the relationship between financial development and economic growth from a contemporaneous non-dynamic fixed effects panel estimation is mixed. Negative and statistically significant estimates of the coefficient of the inflation and financial development interaction variable indicate that financial sector development may even be harmful to economic growth when inflation is rising. Second, in contrast with the recent evidence of Beck and Levine (2003), heterogeneous panel causality analysis applied on a refined model indicates that there is no definite evidence that finance spurs economic growth or growth spurs finance. Most of our findings are in line with the Lucas (1988) view that the importance of financial matters is overstressed. The only exception is the case of activity in stock markets where our result supports the Robinson (1952) view that finance follows enterprise.

scholarly journals The Causal Relationship between Inflation and Unemployment: A Panel Cointegration and Causality Analysis

2014 ◽  
Author(s):  
Ekrem Gül ◽  
Ahmet Kamacı ◽  
Serkan Konya
Keyword(s):  
Phillips Curve ◽  
Causal Relation ◽  
Panel Data Analysis ◽  
Consumer Price Index ◽  
Panel Cointegration ◽  
Causality Analysis ◽  
Causality Test ◽  
Panel Causality ◽  
Unemployment Rates ◽  
The Difference

Central Asian Republics have been facing high unemployment rates and inflation problems since they established. This work is based on the Phillips curve, which deals the opposite relationship between inflation and unemployment. In the article, unemployment rates and Consumer Price Index (CPI) are used. Within this work, the relationship between inflation and unemployment is examined by the panel data analysis for Azerbaijan, Kazakhstan, Kyrgyzstan, Macedonia and Turkey (1996-2012).We acquired the data of this work from the web site of the IMF. Panel Unit Root Tests are used in order to test stagnation of the data. Afterwards Cointegration Test and Panel Causality Test are used. After that panel cointegration and panel causality tests were made to learn if a cointegral relationship was occurred between inflation and unemployment rate or not. As a result of this study we done, the data level is not stable. Because of that reason, we took the difference of them. There is a one-sided causal relation from inflation to unemployment rates in Turkey and other countries.

scholarly journals The Importance of Green Energy Consumption and Agriculture in Reducing Environmental Degradation: Evidence From Sub-Saharan African Countries

2019 ◽  
Vol 10 (5) ◽  
pp. 215 ◽  
Author(s):  
Gholamreza Zandi ◽  
Muhammad Haseeb
Keyword(s):  
Energy Consumption ◽  
Environmental Degradation ◽  
Developing Economies ◽  
Environmental Hazards ◽  
Green Energy ◽  
African Countries ◽  
Environment Change ◽  
Panel Causality ◽  
Sub Saharan ◽  
Heterogeneous Panel

In recent period of energy focus countries have paid more consideration to the argumentative topic of green energy in both developed and developing economies. Renewable energy is also called green energy. It is described as the energy that is collected by renewable bases of wind, waves, geothermal, sunlight, heat and rain etc. and gives least harm to the nature and environment. The rapid placing of green energy is providing a noteworthy economic profit, energy security and environment change mitigation. Therefore, this current research investigates the association of green energy consumption with environmental degradation by utilizing panel data of 35 sub-Saharan African countries from 1995 to 2017. Moreover, we utilize the advanced panel techniques to investigate the cross-section independence. We also apply CIPS unit root test, Westerlund (2007) bootstrap cointegration, Panel Pedroni and Kao co-integration, FMOLS, DOLS and heterogeneous panel causality methods. The results confirm that all factors are connected in the long-term period. The outcomes also explain that the green energy utilization has a negative impact on environmental hazards and support to decrease environmental hazards. Likewise, globalization has a positive and significant effect on environmental hazards. Also, the agriculture productions also play a significant and positive impact on environmental degradation. Finally, the heterogeneous panel causality confirms a bi-directional causal relationship between green energy consumption and environmental degradation in all sub-Saharan African countries. This current research offers valuable strategy suggestions for the management and the policymakers.

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