Alkhuzaim (2014) used cointegration and granger causality techniques and concluded that there is positive long run relationship between financial development indicators and GDP growth rate in Qatar.
The long- run relationship between financial development and economic growth in this study is in collaboration with the works of Mandiefe (2015) which shows that improvement in the financial sector consistently mitigates investment and therefore boosts growth in an economy.
We have applied panel cointegration to examine long run relationship between the variables.
For this purpose, we applied panel cointegration to examine the long run relationship between the series.
Cointegration test is used to identify the long run relationship between the price levels and the stock market index, short run relationship between them is analyzed by the Granger causality test.
Johansen cointegration results indicate that there is a long-run relationship between the proposed variables in each country.
Panel cointegration tests show a long-run relationship between 1) output, capital, labor, energy, and exports and 2) output, capital, labor, energy, and imports.
This paper explores the bi-directional long-run relationship between energy consumption in the road transport sector with CO2 emissions and economic growth in OECD countries.
Applying the bounds test approach to cointegration developed by Pesaran et al. (2001) we find that there was a short- and a long-run relationship between nuclear energy consumption and economic growth.
The long-run relationship between r and g has little to do with the fortunes accumulated by Bill Gates and Jeff Bezos.Mr Piketty acknowledges the point, but does not let it distract him from his broader emphasis on the long-run returns to wealth.
Cointegration analysis is also done to investigate the long run relationship between the price levels of non-Hong Kong equity fund price levels and the local stock market index, Hang Seng Index, to evaluate the existence of benefit from global diversification by investing in the foreign equity funds.
