Fixed investment and economic growth: new results on causality

Podrecca, Elena; Carmeci, Gaetano

doi:10.1080/00036840122890

Cited by 108 publications

(45 citation statements)

References 16 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…As a result, examination of the causality between investment in ICT capital and economic growth emerges as a necessary and promising research undertaking. Podrecca and Carmeci (2001) examined causality between fixed investment shares and economic growth for the post-war period and suggested that contrary to the previous results in the literature, causality between the two variables runs in both directions. The empirical results are consistent with the predictions of Solow-type growth model, but they contrast with the classical view that fixed capital investment is the key to the long-run economic growth (Solow, 1956;1957).…”

Section: Evidence From Developed and Developing Countries 113contrasting

confidence: 49%

A Panel Granger Causality Test of Investment in ICT Capital and Economic Growth: Evidence From Developed and Developing Countries

Yousefi¹

2015

JEW

View full text Add to dashboard Cite

This paper applies the Pairwise Panel Granger Causality test to examine the relationship between ICT (information and communication technology) expenditure and the rate of growth of GDP (gross domestic product) per capita. This is accomplished by using cross-country time-series data for a total of 70 developed and developing countries for the period from 2003 to 2008. The study reveals that the existence of causality and its direction differ across different income-group of countries and over the number of lags included. ICT investment expenditure as a percentage of GDP appears to cause the rate of growth of GDP per capita for the high income group and all income groups combined with lags higher than one year. However, for the upper-and lower-middle income groups, the study detects causality in neither direction. Also, when only one lag is included, the study suggests no causality in either direction for any of the income-groups of countries.Keywords: investment in ICT (information and communication technology), the rate of growth of GDP (gross domestic product) per capita, causality, developed countries, developing countries

show abstract

Section: Evidence From Developed and Developing Countries 113contrasting

confidence: 49%

A Panel Granger Causality Test of Investment in ICT Capital and Economic Growth: Evidence From Developed and Developing Countries

Yousefi¹

2015

JEW

View full text Add to dashboard Cite

show abstract

“…Petrakos and Arvanitidis (1) summarize that investments are a key determinant of economic growth identified in neoclassical as well as endogenous growth model. The theory is supported by numerous scientific studies, including Kormendi and Meguire (2); Levine and Renelt (3); Mankiw (4), Auerbach et al (5); Barro and Sala-iMartin (6), Sala-i-Martin (7); Easterly (8); Podrecca u Carmeci (9). On the one hand, the scientific interest is attracted by the direct effects of increased cash flows to the local economies, respectively the impact on employment, incomes and domestic demand, while other studies focused on the "secondary" effects on the dynamics of domestic investment and the entry into and exit from the market of local businesses.…”

Section: Introductionmentioning

confidence: 89%

Investment activity and entrepreneurship in Stara Zagora region

Stoyancheva

Angelova²

2015

TJS

View full text Add to dashboard Cite

Investments are widely recognized as the engine of economic activity and growth. In the recent years, trends in Bulgaria reveal a significant decline in investment activity, attended by strong reservations of entrepreneurs to invest, as well as withdrawal of the foreign capital from the owners. The aim of the study is to examine and assess the size and dynamics of investments, including foreign direct and domestic investments, and the impact of foreign direct investments on the entrepreneurs' decisions. Along with analyzing national data, comparative analysis is applied for the trends in the Stara Zagora region.

show abstract

“…Higher wages for health workforces create more consumption and savings which contributes to economic growth. The investments stimulate positively to economic growth through technological diffusion (Podrecca and Carmeci, 2001;Schneider, 2005). The conceptual framework above summarizes that; health, education, labour skills and investment contribute positively to economic growth (as measured by GDP per capita).…”

Section: Theoretical Conceptual Frameworkmentioning

confidence: 99%

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

Kinyondo

Byaro

Musonda

2017

IJH

View full text Add to dashboard Cite

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 underfive 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.

show abstract

Fixed investment and economic growth: new results on causality

Cited by 108 publications

References 16 publications

A Panel Granger Causality Test of Investment in ICT Capital and Economic Growth: Evidence From Developed and Developing Countries

A Panel Granger Causality Test of Investment in ICT Capital and Economic Growth: Evidence From Developed and Developing Countries

Investment activity and entrepreneurship in Stara Zagora region

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

Contact Info

Product

Resources

About