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The Impact Of Investments, Exports, And Openness On Economic Growth. A Comparative Study On The East European Countries

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  • Simut Ramona

    (University of Oradea)

Abstract

The study of the economic growth process has older implications. The preoccupation for the study of the economic growth has existed beginning with the representatives of the Classical School and continuing with the Keynesians, Neokeynesians, and Neoclassics. A series of empirical studies have tested the correlation between the dynamics of the different factors and the process of economic growth. This paper examines the role of investments, export and openness in relation to economic growth for the East European countries and also has the objective to estimate the long-run relationship between economic growth, investment and export in Eastern European countries using trimestrial data from the Eurostat as well as National Statistical Institute. We used Johansen cointegration test to estimate the nature of relationship and Granger causality test is used to determine the direction of causality in the model.

Suggested Citation

  • Simut Ramona, 2012. "The Impact Of Investments, Exports, And Openness On Economic Growth. A Comparative Study On The East European Countries," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 420-425, December.
    • Handle: RePEc:ora:journl:v:1:y:2012:i:2:p:420-425
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n2/060.pdf
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    References listed on IDEAS

    as
    1. Dinu MARIN & Cristian SOCOL, 2006. "From Solow Model to endogenous economic growth – Romania’s reinsertion into civilization?," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 0(1), pages 122-127.
    2. Pop Silaghi, Monica Ioana, 2009. "Exports-Economic Growth Causality: Evidence from CEE Countries," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(2), pages 105-117, June.
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    More about this item

    Keywords

    economic growth; export; investments; East European countries;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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