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Title: The relationship between exports and growth in the eurozone area
Authors: Anastasiadis, Ioannis
Αναστασιάδης, Ιωάννης
Keywords: Εconomic growth
Granger causality
Issue Date: 2-Oct-2021
Publisher: Πανεπιστήμιο Μακεδονίας
Abstract: This thesis investigates the relationship between economic growth and exports for 19 euro-area countries for the period 2000-2020 using a panel data approach. We check for unit roots both in levels and in first differences employing both first-and second generation unit root tests in case cross-sectional dependence exists between the countries of the sample. The constructed model consists of real GDP, real exports, real imports, real general government final consumption expenditure, and real gross fixed capital formation. After proving that a long-term relationship between the variables of our model exists, with the application of a Dynamic OLS estimator, we can calculate this estimation's results. At last, we utilize Granger causality tests by Dumitrescu-Hurlin (2012) to define the causal relations. Regarding the results, D-OLS showed that all variables hold a relation of significant importance towards GDP. However, there is a lack of causal relationship between exports and GDP, thus rejecting the existence of the ELG/GLE hypothesis. Additionally, a bidirectional relationship between GDP and government expenditure stands out. Moreover, we found that exports, imports, and investment granger cause government spending for various reasons. Lastly, there is a one-way causal relationship between GDP and investment, GDP and imports, and imports and investment.
Description: Πτυχιακή εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2021.
Η βιβλιοθήκη διαθέτει αντίτυπο της πτυχιακής μόνο σε ηλεκτρονική μορφή.
Περιλαμβάνει βιβλιογραφικές αναφορές (σ. 50-53)
Rights: CC0 1.0 Παγκόσμια
Appears in Collections:Τμήμα Οικονομικών Επιστημών (Π)

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