Old Wine in New Bottles: Testing Causality between Savings and Growth

By George Mavrotas, R. Kelly. 2001

199 citations recorded by the source corpus.

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Electricity Consumption-Economic Growth Nexus: The Ghanaian Case (2011, background): “Also this approach minimises the risk associated with possibly wrongly identifying the order of integration of the series and the presence of cointegration relation (Giles, 1997; Mavrotas and Kelly, 2001).”
Electricity consumption and economic growth: a time series experience for 17 African countries (2006, background): “…a standard vector autoregressive model in the levels of the variables (rather than the first differences, as the case with Granger causality tests), thereby minimizing the risks associated with the possibility of wrongly identifying the order of integration of the series (Mavrotas and Kelly, 2001).”
FDI and Growth : a Causal Relationship (2005, methodology): “7 It is notable that, given the small sample size employed in this paper, the Toda-Yamamoto test may suffer from size distortion and low power (Giles 1997; Mavrotas and Kelly 2001).”
The impact of economic growth, industrial structure and urbanization on carbon emission intensity in China (2014, background): “Thus, it can reduce testing risk (Mavrotas and Kelly 2001) caused by mistakenly setting the order of integration of variables.”
CAUSAL RELATIONSHIP BETWEEN SAVINGS AND ECONOMIC GROWTH IN COUNTRIES WITH DIFFERENT INCOME LEVELS (2006, methodology): “Mavrotas and Kelly (2001) used the Toda and Yamamoto method to test for Granger causality.”