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A Causal Relationship between Trade, Foreign Direct Investment and Economic Growth in Greece

By Melina Dritsaki, Chaido Dritsaki and Antonios Adamopoulos


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

Topics: </keyword><keyword>Trade, Foreign Direct Investment, Economic Growth, Granger Causality, LCC:General Works, LCC:A, DOAJ:Multidisciplinary, DOAJ:General Works
Publisher: Science Publications
Year: 2004
DOI identifier: 10.3844/ajassp.2004.230.235
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