Foreign Direct Investments, Exports, and Economic Growth in Croatia: A Time Series Analysis

被引:37
作者
Dritsaki, Chaido [1 ]
Stiakakis, Emmanouil [2 ]
机构
[1] Technol Educ Inst Western Macedonia, Kozani 50100, Greece
[2] Univ Macedonia, Thessaloniki 54006, Greece
来源
INTERNATIONAL CONFERENCE ON APPLIED ECONOMICS (ICOAE 2014) | 2014年 / 14卷
关键词
FDI; Exports; Economic Growth; EU Countries; Cointegration; Granger Causality; UNIT-ROOT; DEVELOPING-COUNTRIES; COINTEGRATION TESTS; REGRESSION; NEXUS;
D O I
10.1016/S2212-5671(14)00701-1
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper studies the relationship between foreign direct investments, exports, and economic growth in Croatia using annual time series data for the period 1994-2012. Several econometric models are applied including the bounds testing (ARDL) approach and the ECM-ARDL model. The results confirm a bidirectional long run and short run causal relationship between exports and growth. These results offer new perspectives and insight for a new policy in Croatia for a sustainable economic growth. (C) 2014 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/).
引用
收藏
页码:181 / 190
页数:10
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