Extensions of the Pesaran, Shin and Smith (2001) Bounds Testing Procedure

Bertsatos, Georgios; Sakellaris, Plutarchos; Tsionas, Mike G.

doi:10.2139/ssrn.3747533

Cited by 2 publications

(1 citation statement)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Autoregressive Distributed lag (ARDL) bound test was used (Bertsatos et al, 2021). Because of its advantages, the study chose the ARDL approach over other conventional methods.…”

Section: Bound -Co-integration Testmentioning

confidence: 99%

Moderating Effect of Political Instability on ICT and Economic Growth Nexus in Kenya: ARDL Bound - Co-Integration Approach

Matundura¹

2021

jefms

View full text Add to dashboard Cite

The government has attempted to target specific macroeconomic factors in order to stimulate economic growth in Kenya through monetary and fiscal policies. Despite these efforts, Kenya's GDP growth is hampered by high interest rates and high interest rate volatility. Kenya's ability to address macroeconomic instability hinges on its ability to increase economic growth. Auxiliary evidence shows that perspectives on the relationship between ICT and economic growth are segmented. The goal of this study was to determine the impact of ICT on economic growth in Kenya, as well as the moderating effect of political instability on the relationship. The research was based on Solow's theory of growth. An explanatory research design was used, with data spanning from 1990-2020 obtained from Kenya Bureau of Statistics. In the empirical analysis, the study used the bound test to test for a long-run relationship and the Autoregressive Distributed Lag model (ARDL) to evaluate the relationship between the variables. The data was subjected to an Augmented Dickey Fuller (ADF) test to determine stationarity.The long run ARDL results indicated that the coefficients of; ICT rate were insignificant . However with the introduction of political instability as the moderator ICT was significant and positively affected economic growth. Political instability moderated the relationship between ICT ( and economic growth. As a result, promoting effective governance should help to improve political stability. The findings of this study will help the government figure out how to address the problem of low economic growth. According to the study, the government should invest in the ICT sector to improve its accessibility and affordability. Additionally, the government should work to improve political stability and good governance by gradually establishing institutions that uphold the rule of law and provide security.

show abstract

“…Autoregressive Distributed lag (ARDL) bound test was used (Bertsatos et al, 2021). Because of its advantages, the study chose the ARDL approach over other conventional methods.…”

Section: Bound -Co-integration Testmentioning

confidence: 99%

Moderating Effect of Political Instability on ICT and Economic Growth Nexus in Kenya: ARDL Bound - Co-Integration Approach

Matundura¹

2021

jefms

View full text Add to dashboard Cite

show abstract

An Empirical Investigation of Global Production Networks in Indian Manufacturing Sector

Sinha¹,

Rao

2021

The Indian Economic Journal

View full text Add to dashboard Cite

This article attempts to dive into the operation of global production networks in India with manufacturing sector in the primary scope of focus. It aims to analyse the long-run and short-run relationship among the factors which form a global supply chain and their effects on a supply chain, using yearly data from 1984 to 2017. Our primary results from the estimations show that all the factors incorporated into the study are important for initiation and effective execution of a supply chain. The autoregressive distributed lag model shows that Index of Industrial Production (IIP), export–import ratio, KOF index and electricity index affect a supply chain positively whereas USD–INR exchange rate and unemployment rate affect gross value added negatively. The error correction model shows long-run relationship between IIP and export–import ratio. The study also highlights the importance of trade balance and industrial production in the long run.

show abstract

Extensions of the Pesaran, Shin and Smith (2001) Bounds Testing Procedure

Cited by 2 publications

References 34 publications

Moderating Effect of Political Instability on ICT and Economic Growth Nexus in Kenya: ARDL Bound - Co-Integration Approach

Moderating Effect of Political Instability on ICT and Economic Growth Nexus in Kenya: ARDL Bound - Co-Integration Approach

An Empirical Investigation of Global Production Networks in Indian Manufacturing Sector

Contact Info

Product

Resources

About