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2004•American Journal of Applied SciencesRequires access

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

Melina Dritsaki, Chaido Dritsaki, Antonios Adamopoulo

Open publisher page 173 citations

Abstract

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.

About this research paper

What this paper is about

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.

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OpenAlex reports 173 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

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.

Key concepts: Foreign direct investment, Economics, International economics, International trade, Causality (physics), Macroeconomics, Quantum mechanics, Physics

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