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Trade Effect On Economic Growth Of Balkan Countries

Author

Listed:
  • Assist. Prof. Dr. Eglantina Hysa

    (Epoka University Faculty of Economics and Administrative Sciences Tirana, Albania)

  • Oltiana Nikolli, M.A.

    (Epoka University Faculty of Economics and Administrative Sciences Tirana, Albania)

Abstract

Even though until now there does not exist a concrete economic theory stating that there is a link between trade and economic growth, some researchers have in fact found some evidences that underline a positive effect of trade in economic growth of a certain country. The aim of this study is to observe the case of Balkan countries, if there exist a positive relationship between trade and economic growth. The methodology used in this research is the estimation of panel data for years 1990 until 2013. Trade is measured by foreign direct investment, exchange rate and import-export. Contrary to the expectations, this study showed that there exists negative effect of trade on the economic growth for the case of Balkan countries.

Suggested Citation

  • Assist. Prof. Dr. Eglantina Hysa & Oltiana Nikolli, M.A., 2014. "Trade Effect On Economic Growth Of Balkan Countries," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(23), pages 109-120, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2014:i:23:p:109-120
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    File URL: http://feaa.ucv.ro/RTE/023-13.pdf
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    References listed on IDEAS

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    1. Prebisch, Raúl, 1950. "The economic development of Latin America and its principal problems," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 29973, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Lacramioara Dominte, 2006. "Determinants and effects of economic openness," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 52, pages 243-245, November.
    3. Croissant, Yves & Millo, Giovanni, 2008. "Panel Data Econometrics in R: The plm Package," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 27(i02).
    4. Marilyne Huchet†Bourdon & Chantal Le Mouël & Mariana Vijil, 2018. "The relationship between trade openness and economic growth: Some new insights on the openness measurement issue," The World Economy, Wiley Blackwell, vol. 41(1), pages 59-76, January.
    5. Croissant, Yves & Millo, Giovanni, 2008. "Panel Data Econometrics in R: The plm Package," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 27(i02).
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    Citations

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    Cited by:

    1. Rawan F. Shubita & Taleb Awad Warrad, 2018. "The Effects of International Trade Openness on Government Revenue: Empirical Evidence from Middle East and North African Region Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 8(1), pages 153-160.
    2. Glediana Zeneli (Foto) & Arsen Benga & Altin Hoti, 2024. "Analysis of Albania’s Trade Direction: Is the Open Balkan a New Center of Gravity?," Economies, MDPI, vol. 12(7), pages 1-30, July.

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    More about this item

    Keywords

    Openness of Trade; GDP Growth; FDI; Trade Volume; Exchange Rate;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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