Journal
APPLIED ECONOMICS LETTERS
Volume 22, Issue 5, Pages 349-355Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/13504851.2014.943877
Keywords
urbanization; economic growth; heterogeneous panel causality; O55; O54; O18; C23
Categories
Ask authors/readers for more resources
Heterogeneous panel causality tests are employed to consider the relationship between urbanization change and economic growth. Urbanization causes economic growth in high-income countries, but noncausality could not be rejected for both middle-income and Latin American countries. A bi-directional, equilibrium relationship is observed for low-income, predominately African countries where economic growth has a positive, causal effect on urbanization, but where urbanization has a negative, causal effect on economic growth. Hence, urbanization and economic growth either co-evolve in low-income/African and high-income countries, or else the two processes are decoupled for middle-income and Latin American countries.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available