Göçün Gelişmiş Ülkelerde Büyüme ve İstihdam Piyasası Üzerine  Etkileri: Bir Panel ARDL Analizi

Considering the necessity of achieving economic development by keeping the quality of the environment, the aim of this paper is to study the impact of economic growth on GHG emissions in a sample of Central and Eastern European (CEE) countries (V4 countries, Bulgaria and Romania) in the period of 1996–2019. In the context of dynamic ARDL panel and environmental Kuznets curve (EKC), the relationship between GHG and GDP is N-shaped. A U-shaped relationship was obtained in the renewable Kuznets curve (RKC). Energy consumption, domestic credit to the private sector, and labor productivity contribute to pollution, while renewable energy consumption reduces the GHG emissions. However, more efforts are required for promoting renewable energy in the analyzed countries.

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Does Technological Innovation Advance Environmental Sustainability in ASEAN Countries?

Pakistan Journal of Humanities and Social Sciences ◽

10.52131/pjhss.2021.0903.0148 ◽

2021 ◽

Vol 9 (3) ◽

Author(s):

Tabish Nawab ◽

Muhammad Azhar Bhatti ◽

Muhammad Atif Nawaz

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Environmental Sustainability ◽

Energy Demand ◽

Carbon Emission ◽

Technology Innovation ◽

Renewable Energy Consumption ◽

Panel Ardl ◽

Long Run ◽

Environment Degradation

Environment degradation is a very important issue in developing nations and a lot of research had done to examine the factors of environmental degradation but these studies were missed some important factors which are covered by this study. By examining the effect of economic growth and energy in the presence of renewable energy consumption and technology innovation on environment degradation for ASEAN nations. Panel ARDL (which is PMG and MG) is used to estimate the model, and the advantage of this model is it gives both the long and short-run estimates of the model which helps to understand the situation in both short as well as long run. The results confirm that economic growth, Population, trade, and renewable energy increase the carbon emission level in ASEAN nations. While technology innovation decreased carbon emission levels which means technology innovation helps to keep the environment healthy and clean. Hence, economic growth helps the nations to improve their energy mode from non-renewable to renewable energy, which meets the energy demand by keeping the environment clean.

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Effect of foreign direct investment on agriculture productivity: a PMG panel ARDL approach

International Journal of Green Economics ◽

10.1504/ijge.2021.117676 ◽

2021 ◽

Vol 15 (1) ◽

pp. 42

Author(s):

Mohammed Ridha Boucenna ◽

Mohamed Cherif Benzouai ◽

Brahim Adli

Keyword(s):

Foreign Direct Investment ◽

Direct Investment ◽

Panel Ardl ◽

Ardl Approach

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LA ECONOMÍA POLÍTICA DE LA AUTONOMÍA DEL BANCO CENTRAL EUROPEO

Investigación Económica ◽

10.22201/fe.01851667p.2020.312.75374 ◽

2020 ◽

Vol 79 (312) ◽

pp. 113

Author(s):

Fahd Boundi Chraki

Keyword(s):

Central Bank ◽

European Central Bank ◽

Granger Causality Test ◽

The Political ◽

Profit Rate ◽

Causality Test ◽

Surplus Production ◽

European Central ◽

Panel Ardl ◽

Labour Costs

El propósito de este trabajo es indagar la lógica que subyace de la independencia del Banco Central Europeo (BCE) a la luz de las teorías del excedente, la producción y el dinero de la economía política. A partir de este enfoque, la hipótesis de investigación que se contrasta es la siguiente: los costos laborales unitarios reales (CLUR) y la tasa general de ganancia han sido los instrumentos fundamentales del BCE que coadyuvaron a alcanzar el crecimiento junto a la estabilidad de precios en la eurozona en el periodo 1999-2018. Se aplicó un modelo ARDL en panel de datos y la prueba causalidad de Granger, cuyos resultados sugieren el cumplimiento de la hipótesis antedicha. THE POLITICAL ECONOMY OF THE AUTONOMY OF THE EUROPEAN CENTRAL BANKABSTRACTBased on the classical political economy’s theories of surplus, production and money, the aim of the paper is to enquire the logic behind the independence of the European Central Bank (ECB). Along this line of reasoning, the following hypothesis is put forth and tested: The ECB has used both the real unit labour costs (RULC) and the general profit rate as fundamental instruments to achieve economic growth and price stability in the Eurozone during the period 1999-2018. A Panel ARDL model and Granger causality test were applied to empirically contrast the above hypothesis.

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FDI and Economic Growth in EU13 Countries: Cointegration and Causality Tests

Journal of Competitiveness ◽

10.7441/joc.2020.03.03 ◽

2020 ◽

Vol 12 (3) ◽

pp. 47-63

Author(s):

Vlatka Bilas ◽

Keyword(s):

Economic Growth ◽

Growth Rate ◽

European Union ◽

Annual Data ◽

Foreign Direct Investments ◽

Causality Test ◽

Panel Ardl ◽

Long Run ◽

Causality Tests ◽

The Relationship

Foreign direct investments are seen as a prerequisite for gaining and maintaining competitiveness. The research objective of this study is to examine the relationship between foreign direct investment (FDI) and economic growth in “new” European Union member countries using various unit root, cointegration, as well as causality tests. The paper employs annual data for FDI and gross domestic product (GDP) from 2002 to 2018 for the 13 most recent members of European Union (EU13): Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia. An estimated panel ARDL (PMG) model found evidence that there is a long-run equilibrium between the LogGDP, LogFDI and LogFDIP series, with the rate of adjustment back to equilibrium between 3.27% and 20.67%. In the case of the LogFDI series, long-run coefficients are highly statistically significant in all four models, varying between 0.0828 and 0.3019. These coefficients indicate that a 1% increase in LogFDI increases LogGDP between 0.0828% and 0.3019%. Results of a Dumitrescu-Hurlin panel causality test indicated that a relationship between the GDP growth rate and FDI growth rate is only indirect. Finally, only weak evidence was shown that FDI had a statistically significant impact on GDP in the EU13 countries over the period 2002-2018. This report of findings contributes to the literature concerning FDI and economic growth, namely regarding the current understanding of the relationship between these two factors.

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Asymmetric effect of financial development and remittance on economic growth in MINT economies: an application of panel NARDL

Future Business Journal ◽

10.1186/s43093-021-00085-6 ◽

2021 ◽

Vol 7 (1) ◽

Author(s):

Jamiu Adetola Odugbesan ◽

Tomiwa Adebayo Sunday ◽

Gbolahan Olowu

Keyword(s):

Economic Growth ◽

Financial Development ◽

The Novel ◽

Asymmetric Effect ◽

Panel Ardl ◽

Nonlinear Ardl ◽

Long Run ◽

Asymmetric Impact ◽

The Empirical Analysis ◽

Negative Shock

AbstractThe empirical analysis examines the asymmetric effect of financial development and remittance on economic growth in MINT nations (Mexico, Indonesia, Nigeria, and Turkey). The present study utilized panel data covering the period from 1980 to 2019. The research objectives are to address the questions: (a) Is there a long-run association between economic growth and the regressors? (b) Do financial development and remittance trigger MINT nations' economic growth? Moreover, the present study applied both linear panel ARDL and the novel panel nonlinear ARDL to capture the asymmetric impact of development and remittance on economic growth. The outcomes of the linear ARDL disclosed that both financial development and remittance triggers economic growth positively. Furthermore, the outcomes of the NARDL disclosed that both positive and negative shocks in financial development increase economic growth. In addition, a positive and negative shock in remittance increases economic growth in the long-run.

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Exploring Philosophy of Co-Movements Between Stocks and Macroeconomic Variables

ETIKONOMI ◽

10.15408/etk.v20i1.17614 ◽

2021 ◽

Vol 20 (1) ◽

pp. 67-76

Author(s):

Umer Ilyas ◽

Matti Ullah Butt ◽

Muhammad Gulzar

Keyword(s):

Stock Exchange ◽

Stock Index ◽

Developing Economy ◽

General Applicability ◽

Cumulative Impact ◽

Macroeconomic Variables ◽

Independent Variables ◽

Panel Ardl ◽

Cumulative Response ◽

The Right

This study's background is to explore how significant are macroeconomic variables (MEV) in explaining stock movements in the developing economy for every sector and each firm of those sectors. To overcome the deficiencies of traditional index base studies, which provide only cumulative impact and response of MEV and Stock movements, fill the gap of existing literature that is not available for all Pakistan stock exchange (PSX). Panel ARDL Model with Co-Integration is using to achieve this objective. The results show that the overall sector response for changing independent variables was different from the firms from the same sectors in many cases. These results show superiority over the conventional method of using a stock index as the dependent variable, which shows only cumulative response, which was not comprehensive for taking the right portfolio and designing policy for economic development. This study has general applicability to developing economies.JEL Classification: E4, F3, G1, M1How to Cite:Ilyas, U., Ullah, M., & Gulzar, M. (2021). Exploring Philosophy of Co-Movements Between Stocks and Macroeconomic Variables. Etikonomi, 20(1), 67 – 76. https://doi.org/10.15408/etk.v20i1.17614.

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