Impact of Final Consumption, Domestic Investment, Exports, and Imports on Economic Growth in Albania

Najwa Akermi, Nadia Ben Yedder and Sayef Bakari

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to explore the impact of final consumption, domestic investment, exports and imports on economic growth in the case of Albania during the period 1996 – 2021. By using cointegration analysis, VECM model and WALD test, empirical analysis indicated that there is no causality relationship between final consumption, exports, domestic investment, imports and economic growth in the long run and in the short run. These findings present the critical economic situation of Albania, which stands in need of an entry of urgent economic reforms and strong strategies to boost economic growth.

Keywords: Final Consumption; Domestic Investment; Exports; Imports; Economic Growth; VECM; Albania. (search for similar items in EconPapers)
JEL-codes: E21 E22 F11 F14 F43 G11 G31 H54 O16 O47 P33 P45 R53 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-gro and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Impact of final consumption, domestic investment, exports, and imports on economic growth in Albania (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:118308

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