An Eclectic Causality Model for Income Growth: Evidence from Greece
AbstractWe present time series evidence theoretically consistent with the New Keynesian view for income growth, using Greek annual data over the period 1970- 2004. The empirical analysis employs a hybrid model for income growth using the ARDL approach to co integration. Evidently, growth financing, under changing fiscal and monetary regimes and interest rates’ management are inextricably linked. These links still remain challenging and further research needs.
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Bibliographic InfoArticle provided by European Research Studies Journal in its journal European Research Studies Journal.
Volume (Year): XI (2008)
Issue (Month): 1-2 ()
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Web page: http://www.ersj.eu/
Interest Rates and Income; Export-Led Growth; Co integration; ARDL;
Find related papers by JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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