The causal relationship between urbanization and economic growth in US: Fresh evidence from the Toda–Yamamoto approach

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ANDISHEH SALIMINEZHAD, Dr.
https://orcid.org/0000-0002-3074-7522
PEJMAN BAHRAMIAN, Dr.
https://orcid.org/0000-0002-8917-6306

Abstract

This study aims to investigate the causal relationships between urbanization and economic growth for United State during the period 1960- 2017. We utilize the time series technique known as Toda-Yamamoto method, which efficiently works even with the variables co-integrated of an arbitrary order. Empirical findings suggest a unidirectional Granger causality running from urbanization to economic growth, and no Granger causality detected from economic growth to urbanization for the long run. The findings prove that urbanization is nominated as a main driving force of economic growth.

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How to Cite
SALIMINEZHAD, A., & BAHRAMIAN, P. (2018). The causal relationship between urbanization and economic growth in US: Fresh evidence from the Toda–Yamamoto approach. International Journal of Contemporary Urban Affairs, 3(2), 166-172. https://doi.org/10.25034/ijcua.2018.47xd13
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