Impact of final consumption, domestic investment, exports, and imports on economic growth in Albania

Autor: Najwa AKERMI, Nadia Ben YEDDER, Sayef BAKARI
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Theoretical and Applied Economics, Vol XXXI, Iss 1, Pp 231-252 (2024)
Druh dokumentu: article
ISSN: 1841-8678
1844-0029
Popis: The aim of this paper is to explore the impact of final consumption, domestic investment, exports and imports on economic growth in the case of Albania during the period 1996-2021. By using cointegration analysis, VECM model and WALD test, empirical analysis indicated that there is no causality relationship between final consumption, exports, domestic investment, imports and economic growth in the long run and in the short run. These findings present the critical economic situation of Albania, which stands in need of an entry of urgent economic reforms and strong strategies to boost economic growth.
Databáze: Directory of Open Access Journals