The Experts below are selected from a list of 360 Experts worldwide ranked by ideXlab platform
Kabir M Hassan - One of the best experts on this subject based on the ideXlab platform.
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financial inclusion and Economic Growth in oic countries
Research in International Business and Finance, 2018Co-Authors: Jungsuk Yu, Kabir M HassanAbstract:This paper examines the relationship between financial inclusion and Economic Growth in Organization of Islamic Cooperation (OIC) countries. In order to draw multilateral results, we have set up the panel data for 55 OIC countries and estimated not only the dynamic panel estimation, but also the panel VAR, IRFs, and panel Granger causality tests. Based on the results of dynamic panel estimations, we find that financial inclusion has a positive effect on Economic Growth. The IFRs results derived from the panel VAR analysis suggest that financial inclusion has positive effects on the Economic Growth and financial inclusion and Economic Growth have mutual causalities with each other based on the panel Granger causality tests. Therefore, it seems reasonable to conclude that financial inclusion has positive effect on the Economic Growth in OIC countries.
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financial development and Economic Growth new evidence from panel data
The Quarterly Review of Economics and Finance, 2011Co-Authors: Kabir M Hassan, Benito SanchezAbstract:This study provides evidence on the role of financial development in accounting for Economic Growth in low- and middle-income countries classified by geographic regions. To document the relationship between financial development and Economic Growth, we estimate both panel regressions and variance decompositions of annual GDP per capita Growth rates to examine what proxy measures of financial development are most important in accounting for Economic Growth over time and how much they contribute to explaining Economic Growth across geographic regions and income groups. We find a positive relationship between financial development and Economic Growth in developing countries. Moreover, short-term multivariate analysis provides mixed results: a two-way causality relationship between finance and Growth for most regions and one-way causality from Growth to finance for the two poorest regions. Furthermore, other variables from the real sector such as trade and government expenditure play an important role in explaining Economic Growth. Therefore, it seems that a well-functioning financial system is a necessary but not sufficient condition to reach steady Economic Growth in developing countries.
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financial development and Economic Growth new evidence from panel data
The Quarterly Review of Economics and Finance, 2011Co-Authors: Kabir M Hassan, Benito SanchezAbstract:This study provides new evidence on the role of financial development in accounting for Economic Growth. To derive feasible policy implications, we estimate not only unbalanced panel regressions with period fixed effects, but also variance decompositions of annual GDP Growth rates to examine what proxy measures are most important in Economic Growth over time and how much they contribute to Economic Growth across geographic regions and income groups. We find strong linkages between financial development and Economic Growth in high-income OECD countries, but not in South Asian and Sub-Saharan African regions. Therefore, it may be necessary to make different efforts to achieve steady Economic Growth across geographic regions and income groups.
Bahram Shakouri - One of the best experts on this subject based on the ideXlab platform.
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renewable energy nonrenewable energy consumption and Economic Growth
Energy Sources Part B-economics Planning and Policy, 2017Co-Authors: Soheila Khoshnevis Yazdi, Bahram ShakouriAbstract:ABSTRACTThis study examines the relationship between Economic Growth, renewable energy consumption, energy consumption, financial development, and trade openness over the period 1979–2014 in case of Iran, using Autoregressive Lag (Distributed ARDL) approach and Granger causality test. The renewable energy consumption has a negative impact on Economic Growth in the short run and the long run.We find the unidirectional causality from renewable energy consumption to Economic Growths apply to determine the causality between variables. This finding implies that Economic Growth is favorable for the development of the renewable energy sector, which in turn helps boost Economic Growth in Iran.
Torsten Slok - One of the best experts on this subject based on the ideXlab platform.
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international financial integration and Economic Growth
Journal of International Money and Finance, 2002Co-Authors: Hali J Edison, Luca A Ricci, Ross Levine, Torsten SlokAbstract:This paper uses new data and new econometric techniques to investigate the impact of international financial integration on Economic Growth and also to assess whether this relationship depends on the level of Economic development, financial development, legal system development, government corruption, and macroEconomic policies. Using a wide array of measures of international financial integration on 57 countries and an assortment of statistical methodologies, we are unable to reject the null hypothesis that international financial integration does not accelerate Economic Growth even when controlling for particular Economic, financial, institutional, and policy characteristics.
Alper Aslan - One of the best experts on this subject based on the ideXlab platform.
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renewable energy consumption Economic Growth nexus in turkey
Renewable & Sustainable Energy Reviews, 2013Co-Authors: Oguz Ocal, Alper AslanAbstract:This paper examines the renewable energy consumption–Economic Growth causality nexus in Turkey. Studies in the literature can be grouped as country-specific and multi-country studies. The results of these studies are inconsistent, and there is no agreement on the existence or the direction of causality between renewable energy consumption and Economic Growth. The results of this country-specific study support conservation hypothesis. The results of empirical tests from ARDL approach show that renewable energy consumption has a negative impact on Economic Growth, and the ones of Toda–Yamamoto causality tests show that there is a unidirectional causality running from Economic Growth to renewable energy consumption.
Soheila Khoshnevis Yazdi - One of the best experts on this subject based on the ideXlab platform.
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renewable energy nonrenewable energy consumption and Economic Growth
Energy Sources Part B-economics Planning and Policy, 2017Co-Authors: Soheila Khoshnevis Yazdi, Bahram ShakouriAbstract:ABSTRACTThis study examines the relationship between Economic Growth, renewable energy consumption, energy consumption, financial development, and trade openness over the period 1979–2014 in case of Iran, using Autoregressive Lag (Distributed ARDL) approach and Granger causality test. The renewable energy consumption has a negative impact on Economic Growth in the short run and the long run.We find the unidirectional causality from renewable energy consumption to Economic Growths apply to determine the causality between variables. This finding implies that Economic Growth is favorable for the development of the renewable energy sector, which in turn helps boost Economic Growth in Iran.
