Harberger-Laursen-Metzler Hypothesis: An Analysis with ARDL Bounds Test Approach
International Journal of Business and Economic StudiesThe Harberger, Laursen, and Metzler (HLM) hypothesis posits that a positive (negative) change in terms of trade, ceteris paribus, will lead to positive (negative) movements in the trade balance. When tested on developing countries, the hypothesis yields varying results.
Havva Koç +2 more
openaire +2 more sources
Cogent Economics & Finance, 2017 This study re-examines the stock market development and economic growth nexus. Also, examine the moderating role of foreign capital inflows and exchange rate on the relationship between stock market development and economic growth of Malaysia during 1981–
Mohammad Enamul Hoque +1 more
doaj +1 more source
Estimating the import demand function in the autoregressive distributed lag framework: The case of China [PDF]
This paper uses the concept of cointegration for empirically analyzing the long-run relationship of China's import demand function. The analysis employs the annual data for the sample period from 1978 to 2009.
Fengbao Yin, Shigeyuki Hamori
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Rising Government Expenditures and Standard of Living in Nigeria: An Ardl Bound Test Approach [PDF]
, 2020 Ebenezer Bowale +2 more
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Institutions and foreign direct investment (FDI) in Malaysia: empirical evidence using ARDL model [PDF]
Since 1990’s, institution factors have been regarded as playing important roles in stimulating foreign direct investments (FDI). However, empirical studies on their importance in affecting FDI are still lacking especially for small open economies.
Abdul Karim, Bakri +3 more
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India’s Total Natural Resource Rents (NRR) and GDP: An Augmented Autoregressive Distributed Lag (ARDL) Bound Test [PDF]
, 2023 Sanjay Taneja +3 more
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Estimation of the aggregate agricultural supply response in Zimbabwe: The ARDL approach to cointegration [PDF]
This paper uses relatively recent time series techniques on data spanning over different pricing regimes to estimate the aggregate agricultural supply response to price and non-price factors in Zimbabwe.
Edwin Muchapondwa
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Revisiting the relationship between electricity consumption, capital and economic growth: Cointegration and causality analysis in Romania [PDF]
The paper empirically analyzes, in the Romania’s case, the cointegration and causality between electricity consumption, capital and economic growth. The data set is covering the period 1980 - 2008.
Mutascu, Mihai +2 more
core +1 more source
International Journal of Engineering and Management SciencesThe impact of macroeconomic factors offers insight into the performance of an economy. This study investigates the dynamic short- and long-term effect of trade openness, external debt, and foreign direct investment (FDI) within Ghana's economy ...
Evans Yeboah, Ceesay Lamin
doaj +1 more source
Bounds testing approach: an examination of foreign direct investment, trade, and growth relationships [PDF]
Purpose: This paper examines the long-run impact of foreign direct investment and trade on economic growth in Ghana. Methodology: Using an augmented aggregate production function (APF) growth model, we apply the bounds testing (ARDL) approach to ...
Frimpong, Joseph Magnus +1 more
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