ANALYZING THE DYNAMIC RELATIONSHIPS BETWEEN MACROECONOMIC VARIABLES AND GDP GROWTH IN ALBANIA: A PANEL DATA APPROACH
This study examines the impact of various macroeconomic factors on GDP growth in Albania during the period 1997-2023. Using a panel data approach, the analysis investigates the relationship between GDP growth and variables such as trade openness, inflation, government expenditure, domestic credit,...
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| Format: | Article |
| Language: | English |
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Editura Universitatii Agora
2024-12-01
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| Series: | Agora International Journal of Economical Sciences |
| Online Access: | https://univagora.ro/jour/index.php/aijes/article/view/6940 |
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| author | Leonard Boduri Fabian Pjetri |
| author_facet | Leonard Boduri Fabian Pjetri |
| author_sort | Leonard Boduri |
| collection | DOAJ |
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This study examines the impact of various macroeconomic factors on GDP growth in Albania during the period 1997-2023. Using a panel data approach, the analysis investigates the relationship between GDP growth and variables such as trade openness, inflation, government expenditure, domestic credit, population growth, final consumption expenditure, gross fixed capital formation, and the current account balance. The results indicate that government expenditure and trade openness are statistically significant determinants of GDP growth. Granger causality tests reveal that domestic credit and government expenditure Granger-cause the current account balance, while domestic credit and trade openness Granger-cause GDP growth. The findings suggest that policies aimed at increasing government spending and promoting trade integration can positively impact economic growth in Albania. However, further research is needed to explore the long-term effects of these variables and to address potential limitations of the study.
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| format | Article |
| id | doaj-art-c7f50153f4df4e7dade2dae2b60cee7c |
| institution | DOAJ |
| issn | 2067-3310 2067-7669 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Editura Universitatii Agora |
| record_format | Article |
| series | Agora International Journal of Economical Sciences |
| spelling | doaj-art-c7f50153f4df4e7dade2dae2b60cee7c2025-08-20T02:39:34ZengEditura Universitatii AgoraAgora International Journal of Economical Sciences2067-33102067-76692024-12-0118210.15837/aijes.v18i2.6940ANALYZING THE DYNAMIC RELATIONSHIPS BETWEEN MACROECONOMIC VARIABLES AND GDP GROWTH IN ALBANIA: A PANEL DATA APPROACHLeonard BoduriFabian Pjetri This study examines the impact of various macroeconomic factors on GDP growth in Albania during the period 1997-2023. Using a panel data approach, the analysis investigates the relationship between GDP growth and variables such as trade openness, inflation, government expenditure, domestic credit, population growth, final consumption expenditure, gross fixed capital formation, and the current account balance. The results indicate that government expenditure and trade openness are statistically significant determinants of GDP growth. Granger causality tests reveal that domestic credit and government expenditure Granger-cause the current account balance, while domestic credit and trade openness Granger-cause GDP growth. The findings suggest that policies aimed at increasing government spending and promoting trade integration can positively impact economic growth in Albania. However, further research is needed to explore the long-term effects of these variables and to address potential limitations of the study. https://univagora.ro/jour/index.php/aijes/article/view/6940 |
| spellingShingle | Leonard Boduri Fabian Pjetri ANALYZING THE DYNAMIC RELATIONSHIPS BETWEEN MACROECONOMIC VARIABLES AND GDP GROWTH IN ALBANIA: A PANEL DATA APPROACH Agora International Journal of Economical Sciences |
| title | ANALYZING THE DYNAMIC RELATIONSHIPS BETWEEN MACROECONOMIC VARIABLES AND GDP GROWTH IN ALBANIA: A PANEL DATA APPROACH |
| title_full | ANALYZING THE DYNAMIC RELATIONSHIPS BETWEEN MACROECONOMIC VARIABLES AND GDP GROWTH IN ALBANIA: A PANEL DATA APPROACH |
| title_fullStr | ANALYZING THE DYNAMIC RELATIONSHIPS BETWEEN MACROECONOMIC VARIABLES AND GDP GROWTH IN ALBANIA: A PANEL DATA APPROACH |
| title_full_unstemmed | ANALYZING THE DYNAMIC RELATIONSHIPS BETWEEN MACROECONOMIC VARIABLES AND GDP GROWTH IN ALBANIA: A PANEL DATA APPROACH |
| title_short | ANALYZING THE DYNAMIC RELATIONSHIPS BETWEEN MACROECONOMIC VARIABLES AND GDP GROWTH IN ALBANIA: A PANEL DATA APPROACH |
| title_sort | analyzing the dynamic relationships between macroeconomic variables and gdp growth in albania a panel data approach |
| url | https://univagora.ro/jour/index.php/aijes/article/view/6940 |
| work_keys_str_mv | AT leonardboduri analyzingthedynamicrelationshipsbetweenmacroeconomicvariablesandgdpgrowthinalbaniaapaneldataapproach AT fabianpjetri analyzingthedynamicrelationshipsbetweenmacroeconomicvariablesandgdpgrowthinalbaniaapaneldataapproach |