A Causal Relationship between Trade, Foreign Direct Investment and Economic Growth in Greece
Melina Dritsaki1, Chaido Dritsaki1 & Antonios Adamopoulos1 Show affiliations
- Department of Applied Informatics, University of Macedonia Economics and Social Sciences, Greece
American Journal of Applied Sciences, Volume 1, Issue 3, pp. 230–235 · doi.org/10.3844/ajassp.2004.230.235
Abstract
This study investigates the relationship between Trade, Foreign Direct Investment (FDI) and economic growth in Greece over the period 1960-2002. The cointegration analysis suggested that there is a long-run equilibrium relationship. The results of the Granger causality test showed that there is a causal relationship between the examined variables. Economic growth, trade and FDI appear to be mutually reinforcing under the open-door policy.
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Dritsaki, M., Dritsaki, C. & Adamopoulos, A. (2004). A Causal Relationship between Trade, Foreign Direct Investment and Economic Growth in Greece. American Journal of Applied Sciences, 1(3), 230–235. https://doi.org/10.3844/ajassp.2004.230.235
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