IDEAS home Printed from https://ideas.repec.org/a/epw/ejbmr0/v10y2025i6id52820.html

Financial Innovation and Economic Growth: An ARDL-Based Analysis for Albania

Author

Listed:
  • Dorina Koçi

    (University of Tirana, Albania)

  • Meril Canameri

    (University of Tirana, Albania)

Abstract

This study examines the nexus between financial innovation and economic growth in Albania over the period 2000–2023. Notably, this is the first study to explore this relationship in the context of Albania. Employing the autoregressive distributed lag (ARDL) bounds testing approach, the analysis provides empirical evidence of a stable long-term link between financial innovation and economic performance. Different forms of financial innovation generate heterogeneous effects in both the short and long run. Furthermore, Granger causality tests reveal a bidirectional and dynamic relationship, indicating that financial innovation and economic growth mutually influence each other. The findings provide indicative evidence to inform policymakers, suggesting that strategic promotion of financial innovations can support sustainable economic growth while adapting to evolving financial and macroeconomic conditions.

Suggested Citation

  • Dorina Koçi & Meril Canameri, 2025. "Financial Innovation and Economic Growth: An ARDL-Based Analysis for Albania," European Journal of Business and Management Research, European Open Science, vol. 10(6), pages 15-22, November.
    • Handle: RePEc:epw:ejbmr0:v:10:y:2025:i:6:id:52820
    DOI: 10.24018/ejbmr.2025.10.6.2820
    as

    Download full text from publisher

    File URL: https://eu-opensci.org/index.php/ejbmr/article/view/52820
    File Function: Abstract page
    Download Restriction: no
    File URL: https://eu-opensci.org/index.php/ejbmr/article/download/52820/8772
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.24018/ejbmr.2025.10.6.2820?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:epw:ejbmr0:v:10:y:2025:i:6:id:52820. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Support Team (email available below). General contact details of provider: https://eu-opensci.org/index.php/ejbmr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.