Energy Consumption and Economic Growth for Small Island Developing States: A Panel ARDL Approach

Fauzel, Sheereen

doi:10.18488/journal.82.2019.61.23.29

Cited by 5 publications

(4 citation statements)

References 14 publications

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“…The error correction parameters tap into the speed of adjustment, and βi are long –run parameters. The PMG main restriction is that the βi are identical across countries in the whole sample (Sheereen, 2019). The error correction coefficient determines how quickly the model is adjusted in order to restore equilibrium.…”

Section: Data Variables and Empirical Methodsmentioning

confidence: 99%

Government expenditure impacts on financial development: Do population age structures moderations matter?

Kapaya

2023

REPS

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PurposeThis study examined the roles of public spending and population moderating characteristic structure of selected African economies on bank-based financial development through credit to private sector.Design/methodology/approachThe study sampled 37 selected African economies for the years 1991–2018, and it applied a pooled mean group (PMG) estimator to account for short-run and long-run causal effects, and confirmed short-run adjustments towards the long-run convergences between the variables. Specific suitable tests were also applied.FindingsEvidence confirms positive impacts of both capital formation and final consumption expenditures on financial development in the short run and long run. The moderation of population structures on expenditure structures help to speed up convergences.Originality/valueThis work attests its innovation by accounting for the separate effects of the expenditure types, the moderation effects of young and mature populations for capital and final consumption expenditure on financial development among selected economies in Africa.

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Section: Data Variables and Empirical Methodsmentioning

confidence: 99%

Government expenditure impacts on financial development: Do population age structures moderations matter?

Kapaya

2023

REPS

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“…The error correction parameters tap into the speed of adjustment, and

β_{i}

are long‐run parameters. The PMG's only restriction is that the

β_{i}

are identical across countries in the whole sample (Sheereen, 2019). The error correction coefficient measures the speed of adjustment which re‐creates the equilibrium in the model's long run.…”

Section: Data Variables and Empirical Methodsmentioning

confidence: 99%

Financial development in Africa: Do expenditure and population matter? Evidence through pooled mean group and generalized method of moments estimators

Kapaya

2023

J of Intl Development

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This article assesses the impact of government expenditure and population structure on financial development among selected African economies for a panel of 37 selected African economies from years 1980 to 2018. The pooled mean group regression estimator was used, which suitably isolates short run from long run impacts while allowing for heterogeneities and homogeneities for each run respectively. Additionally, generalized method of moments technique was applied for robustness check and allows for dynamism in the estimations. Findings show that financial development is sensitive to both productive and non‐productive government expenditures in the long run. They affirm positive impacts convergences on financial development. Financial development responds only to non‐productive expenditures in the short run. Young and elderly populations do not benefit financial development but mature population does due to its active role in the private sector. Further, it helps support the negative impact of inflation and provides positive impacts of economy openness and individual's economic output. Also, results support short‐run adjustment towards long‐run equilibrium. These results are significant both statistically and economically. Unlike former studies, this work comprehensively disaggregated government expenditure into productive and unproductive types. It isolated population structure age‐wise. In order to stimulate financial development, governments in Africa need to favour policies that stabilize government expenditures, having both short‐run and long‐run foci, encourage public–private partnership and mutually beneficial linkages, devise population policies based on respective age‐structures, and promote economy openness, and growth per capita, and control inflation.

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“…Equation 2 is the functional form of the relationship between crude oil price, urbanization and environmental pollution. To make it easier for the interpretation of the coefficients more meaningful and most importantly to reduce the problem of heteroskedascity, we have converted the series into natural logarithm (Ahmed et al, 2015;Fauzel, 2019;Maji, 2015;Musa et al, 2019;Sulaiman & Abdur-Rahim, 2018). The Equation 3 shows the outcome of the conversion.…”

Section: Methods Data and Econometric Modellingmentioning

confidence: 99%

Crude Oil Price, Urbanization and Environmental Pollution: Fresh Evidence from Selected African OPEC Member Countries

2020

Marketing and Branding Research

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Energy Consumption and Economic Growth for Small Island Developing States: A Panel ARDL Approach

Cited by 5 publications

References 14 publications

Government expenditure impacts on financial development: Do population age structures moderations matter?

Government expenditure impacts on financial development: Do population age structures moderations matter?

Financial development in Africa: Do expenditure and population matter? Evidence through pooled mean group and generalized method of moments estimators

Crude Oil Price, Urbanization and Environmental Pollution: Fresh Evidence from Selected African OPEC Member Countries

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