Exports, Investments and Economic Growth: an Empirical Investigation of the Three Baltic Countries

Dritsaki Chaido, Vazakidis Athanasios and Adamopoulos Antonios
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Dritsaki Chaido: Department of Applied Informatics, University of Macedonia
Vazakidis Athanasios: Department of Applied Informatics, University of Macedonia
Adamopoulos Antonios: Department of Applied Informatics, University of Macedonia

Baltic Journal of Economics, 2004, vol. 4, issue 2, 72-79

Abstract: This paper investigates the relationship among exports, investments and economic growth, in the three Baltic countries which have recently joined the European Union. The purpose of this paper is to examine the long run relationship between these variables using quarterly data for the period 1992:I-2000:IV and applying the co-integration analysis as suggested by Johansen and Juselious. Then a trivariate autoregressive vector model (VAR) is used to estimate the short and long run relationships of variables of this model. The results of this paper suggested that the exports growth in combination with the increase of investments have a positive effect on the economic growth of the three Baltic countries.

Keywords: exports; investment; economic growth; co-integration; Baltic countries (search for similar items in EconPapers)
JEL-codes: C22 O10 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bic:journl:v:4:y:2004:i:2:p:72-79

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