GCEXGrand Canyon Expeditions
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Every 1% increase in the growth of development expenditure (GDEX) leads to an increase of 0.031% in growth of real per capita income (GPCI) on average, where as that of current expenditure (GCEX) reduces economic growth by 0.084% on average and both the coefficients are statistically significant at 10 and 5 percent respectively.
The results indicate long-run relationship between economic growth proxied by growth of real GDP per capita (GPCI) and set of explanatory variables including growth of private fixed capital formation (GPFCF), tax to GDP ratio (TGDP), growth of current expenditure (GCEX) and growth of development expenditure (GDEX).
After the exercise session (GCex and GRex, Figure 2(b)), insulin injection also caused a significant drop in blood glucose that continued from 15 to 60 min, in both groups.