This study proposes to examine the impact of tourism activity on the economic growth of Morocco and Tunisia. We contribute here to the empirical literature on the tourism-led growth (TLG) hypothesis, by adopting the error correction model framework, the cointegration and Granger Causality tests...

Crude oil importation is a major drain on the economy of Ghana, yet no study has attempted to analyse the determinants of crude oil imports. This paper brings to the fore an understanding of the key drivers of crude oil import demand. Using the autoregressive distributed lag modelling framework...

This research is aimed at establishing a bivariate long-run association between FIFA country ranking and domestic football competition level in the case of Turkey. To test this hypothesis empirically, coefficient of variation values are computed seasonally for Turkish Super League over...

This paper provides direct empirical evidence on cyclicality and the long-term and short-term relationship between government spending and output in eight Central and Eastern European countries in a period 1995–2009. We analyzed annual data on government spending in compliance with the COFOG...

This paper examines the long run and short run demand for money functions and their stability issues for Nepal using the annual data set of 1975-2009 by using the recently developed ARDL modeling to cointegration popularized by Pesaran and Shin (1999). The bounds test shows that there exists the...

This study examines the relationship between stock market index and macroeconomic variables in Thailand. The results from Johansen cointegration test shows that the variables are cointegrated. Thus there exists a long-run relationship between the stock market index and a set of four...

We re-estimate statistical properties and predictive power of a set of Phillips curves, which are expressed as linear and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several relationships were estimated eight years ago. The change...

In this paper we investigate wholesale electricity prices integration process in the main European markets. After reforms introduced in the last decades in Europe, wholesale electricity prices are now determined in regulated markets. However, while market institutional frameworks show several...

The prime objective of this study is to examine the long run relationship between real GDP per capita and electricity consumption for Pakistan over the period 1971 to 2008. The results reveal that there is unidirectional causality from electricity consumption to real GDP per capita. The findings...

In this paper I develop a method to estimate the effect of an event on a time series variable. The event is framed in a quasi-experimental setting with time series observations on a treatment variable, which is affected by the event, and a control variable, which is not. Prior to the event, the...