The causality between public expenditure and economic growth emerged as one of the most serious debates among policy makers and economists in both developed and developing countries. Despite a large number of studies in ...

The energy-led growth hypothesis suggests that energy is one of the key determinants of economic growth. The theoretical and empirical studies have examined the causal relationship between energy consumption and economic ...

Given the increasing trend of globalization of the world economy, both developed and devel. Oping countries are actively moving towards free trade with other countries to achieve rapid growth and development. Sri Lankan ...

For decades, government sector in developing countries has been playing a vital role in promoting economic growth and development. The general view is that government sector tries to achieve its macroeconomic objectives ...

The financial-led growth hypothesis suggests that the financial development of a country plays a major role in its economic growth. Several channels through which financial development promotes growth in the economy include ...

The purpose of this research is to investigate the causal relationship between economic growth and defense expenditure in Sri Lanka over the period 1950-2006. This study employs Granger causality tests using annual time ...