European Research Studies Volume IX, Issue (3-4), 2006 The Main Determinants of Economic Growth: An Empirical Investigation with Granger Causality Analysis for Greece by 1 Nikolaos Dritsakis 2 Erotokritos Varelas ...
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...European research studies volume ix issue the main determinants of economic growth an empirical investigation with granger causality analysis for greece by nikolaos dritsakis erotokritos varelas antonios adamopoulos abstract this paper examines empirically causal relationship among exports gross capital formation foreign direct investments and using a multivariate autoregressive var model over period results cointegration test suggested that there is only one cointegrated vector between examined variables while tests showed unidirectional fixed also keywords jel classification o c introduction large part theory analyzing certainly since consist increase contributes to however are some other indirect factors which affect ricardo in his study notes trade facilitates products output comparative advantage country resulting higher level national wealth recent less convincing relating because interest focuses on methods used through expansion basic priori argument increasing percentage produ...