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https://www.um.edu.mt/library/oar/handle/123456789/31493| Title: | The main determinants of economic growth : an empirical investigation with Granger causality analysis for Greece |
| Authors: | Dritsakis, Nikolaos Varelas, Erotokritos Adamopoulos, Antonios |
| Keywords: | Investments, Foreign Cointegration -- Greece Regression analysis |
| Issue Date: | 2006 |
| Publisher: | University of Piraeus. International Strategic Management Association |
| Citation: | Dritsakis, N., Varelas, E., & Adamopoulos, A. (2006). The main determinants of economic growth: an empirical investigation with Granger causality analysis for Greece. European Research Studies Journal, 9(3-4), 47-58. |
| Abstract: | This paper examines empirically the causal relationship among exports, gross capital formation, foreign direct investments and economic growth using a multivariate autoregressive Var model for Greece over the period 1960-2002. The results of cointegration test suggested that there is only one cointegrated vector between the examined variables, while Granger causality tests showed that there is a unidirectional causal relationship between exports and gross fixed capital formation and also there is a unidirectional causal relationship between foreign direct investments and economic growth. |
| URI: | https://www.um.edu.mt/library/oar//handle/123456789/31493 |
| ISSN: | 11082976 |
| Appears in Collections: | European Research Studies Journal, Volume 9, Issue 3-4 |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| The_main_determinants_of_economic_growth_an_empirical_investigation_with_Granger_causality_2006.pdf | 182.19 kB | Adobe PDF | View/Open |
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