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This paper examines the linkages between population growth and standard-of-living growth in 21 countries over the period of 1870–2013. We apply the bootstrap panel causality test proposed by Kónya (Econ Model 23:978–992, 2006), which accounts for both dependency and heterogeneity across countries. We find one-way Granger causality running from population growth to standard-of-living growth for Finland,...
This study applies the recently developed bootstrap panel causality test proposed by Kónya (Econ Model 23:978–992, 2006) to investigate the causal link between happiness and smoking using per capita cigarette consumption and happiness index for five countries (i.e. Japan, France, Germany, the UK, and the US) over the period of 1961–2003. A key feature of the bootstrap panel causality is that it is...
This study applies the bootstrap panel causality test proposed by Kónya (2006. Econ Modell 23, 978) to investigate the causal link between political uncertainty and stock prices for seven OECD countries over the monthly period of 2001.01 to 2013.04. This modeling approach allows us to examine both cross-sectional dependency and country-specific heterogeneity. Our empirical results indicate that not...
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