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Relationship among Domestic Investment, Exports and Economic Growth: Evidence form the Case of Greece

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  • Bakari, Sayef

Abstract

The aim of this paper is to investigate the relationship among domestic investment, exports and economic growth in the case of Greece. To attempt our goal, we used annual data over the period 1970 – 2020 and Vector Error Correction Model. Empirical results indicate that in the long run there is no causality relationship between exports, domestic investment, and economic growth. In the short run, we found that only exports cause domestic investment. These results proved as evidence that domestic investment and exports are not seen as a source of economic growth in the case of Greece which also explain the catastrophe situation of economic activity in Greece

Suggested Citation

  • Bakari, Sayef, 2022. "Relationship among Domestic Investment, Exports and Economic Growth: Evidence form the Case of Greece," MPRA Paper 114418, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114418
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    File URL: https://mpra.ub.uni-muenchen.de/114418/1/MPRA_paper_114418.pdf
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    References listed on IDEAS

    as
    1. Bakari, Sayef, 2021. "Reinvest the relationship between exports and economic growth in African countries: New insights from innovative econometric methods," MPRA Paper 108785, University Library of Munich, Germany.
    2. Sayef Bakaria, 2019. "If France Continues This Strategy, Taxes Will Destroy Domestic Investment And Economic Growth," Journal of Smart Economic Growth, , vol. 4(1), pages 31-45, Mars.
    3. Mao, Rui & Yao, Yang & Zou, Jingxian, 2019. "Productivity growth, fixed exchange rates, and export-led growth," China Economic Review, Elsevier, vol. 56(C), pages 1-1.
    4. Sayef Bakari, 2017. "The Three-Way Linkages Between Export, Import And Economic Growth: New Evidence From Tunisia," Journal of Smart Economic Growth, , vol. 2(3), pages 13-53, December.
    5. Sayef Bakari & Mohamed Mabrouki & Asma Elmakki, 2018. "The Impact of Domestic Investment in the Industrial Sector on Economic Growth with Partial Openness: Evidence from Tunisia," Economics Bulletin, AccessEcon, vol. 38(1), pages 111-128.
    6. Nissar Fakraoui & Sayef Bakari, 2019. "Tie Among Domestic Investment, Exports And Economic Growth: Empirical Analysis From India," Journal of Smart Economic Growth, , vol. 4(1), pages 1-15, Mars.
    7. Bhatt, P.R., 2013. "Causal Relationship between Exports, FDI and Income: The case of Vietnam," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(1), pages 161-172.
    8. Emmanuel Duodu & Samuel Tawiah Baidoo & Evan Lau, 2020. "How does quality of institutions affect the impact of trade openness on economic growth of Ghana?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1812258-181, January.
    9. Sayef Bakari & Ali Ahmadi & Sofien Tiba, 2020. "The Nexus among Domestic Investment, Taxation, and Economic Growth in Germany: Cointegration and Vector Error Correction Model Analysis," Journal of Smart Economic Growth, , vol. 5(1), pages 37-47, May.
    10. Sayef Bakari & Nissar Fakraoui & Sofien Tiba, 2021. "Domestic Investment, Export, Import And Economic Growth In Brazil: An Application Of Vector Error Correction Model," Journal of Smart Economic Growth, , vol. 6(1), pages 31-48, Mars.
    11. Yaya Keho, 2017. "The impact of trade openness on economic growth: The case of Cote d’Ivoire," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1332820-133, January.
    12. Bouchoucha, Najeh & Bakari, Sayef, 2019. "The Impact of Domestic and Foreign Direct Investment on Economic Growth: Fresh Evidence from Tunisia," MPRA Paper 94777, University Library of Munich, Germany.
    13. Bakari, Sayef, 2016. "Impact of Exports and Imports on Economic Growth in Canada: Empirical Analysis Based on Causality," MPRA Paper 75910, University Library of Munich, Germany.
    14. Bakari, Sayef, 2021. "The nexus between domestic investment and economic growth in G7 countries; Does internet matter?," MPRA Paper 108383, University Library of Munich, Germany.
    15. Abdelhafidh, Samir & Bakari, Sayef, 2019. "Domestic Investment In The Agricultural Sector And Economic Growth In Tunisia," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 7(2), April.
    16. Farooq, Abdul & Shahbaz, Muhammad & Arouri, Mohamed & Teulon, Frédéric, 2013. "Does corruption impede economic growth in Pakistan?," Economic Modelling, Elsevier, vol. 35(C), pages 622-633.
    17. Sayef Bakari & Sofien Tiba & Nissar Fakraoui, 2019. "Does Domestic Investment Contribute To Economic Growth In Uruguay? What Did The Empirical Facts Say?," Journal of Smart Economic Growth, , vol. 4(2), pages 53-69, September.
    18. Najeh Bouchoucha & Sayef Bakari, 2021. "The Impacts Of Domestic And Foreign Direct Investments On Economic Growth: Fresh Evidence From Tunisia," Journal of Smart Economic Growth, , vol. 6(1), pages 83-102, Mars.
    19. Gerald C. Nwadike & Ani Kelechi Johnmary & Chukwuma Samuel Alamba, 2020. "Impact of Trade Openness on Nigerian Economic Growth: An Empirical Investigation, 1970–2011," Foreign Trade Review, , vol. 55(2), pages 239-247, May.
    20. Bakari, Sayef, 2016. "Does Domestic Investment Produce Economic Growth in Canada: Empirical Analysis Based on Correlation, Cointegration and Causality," MPRA Paper 75966, University Library of Munich, Germany.
    21. Sayef Bakari & Mohamed Mabrouki, 2019. "The Relationship Between Economic Growth, Exports And Imports In Morocco: An Empirical Validation Based On Var Modeling Techniques And Causality In The Meaning Of Granger," Journal of Smart Economic Growth, , vol. 4(3), pages 47-55, December.
    22. Moses A. Ofeh & Ali T. Muandzevara, 2017. "Investigating the Effects of Migrant Remittances on the Economic Growth of Cameroon," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(2), pages 58-69, February.
    23. Byoungki Kim & Phouphet Kyophilavong & Kenji Nozaki & Teerawat Charoenrat, 2022. "Does the Export-led Growth Hypothesis Hold for Myanmar?," Global Business Review, International Management Institute, vol. 23(1), pages 48-60, February.
    24. Tang, Chor Foon & Abosedra, Salah, 2019. "Logistics performance, exports, and growth: Evidence from Asian economies," Research in Transportation Economics, Elsevier, vol. 78(C).
    25. Bakari, Sayef & El Weriemmi, Malek, 2022. "Causality between Domestic Investment and Economic Growth in Arab Countries," MPRA Paper 113077, University Library of Munich, Germany.
    26. Bakari, Sayef & Mabrouki, Mohamed, 2018. "The Impact of Agricultural Trade on Economic Growth in North Africa: Econometric Analysis by Static Gravity Model," MPRA Paper 85116, University Library of Munich, Germany.
    27. Bakari, Sayef & Fakraoui, Nissar & Mabrouki, Mohamed, 2020. "The Contribution of Domestic Investment, Exports and Imports on Economic Growth: A Case Study of Peru," MPRA Paper 99041, University Library of Munich, Germany.
    28. Bakari, Sayef, 2021. "Are Domestic Investments in Spain a Source of Economic Growth?," MPRA Paper 105526, University Library of Munich, Germany.
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    Citations

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    Cited by:

    1. Akermi, Najwa & Ben Yedder, Nadia & Bakari, Sayef, 2023. "Impact of Final Consumption, Domestic Investment, Exports, and Imports on Economic Growth in Albania," MPRA Paper 118308, University Library of Munich, Germany.
    2. Ben Yedder, Nadia & El Weriemmi, Malek & Bakari, Sayef, 2023. "Boosting Economic Growth in Angola: Unveiling the Dynamics of Domestic Investments and Exports," MPRA Paper 119480, University Library of Munich, Germany.
    3. Ben Yedder, Nadia & El Weriemmi, Malek & Bakari, Sayef, 2023. "The Impact of Domestic Investment and Trade on Economic Growth in North Africa Countries: New Evidence from Panel CS-ARDL Model," MPRA Paper 117956, University Library of Munich, Germany.

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    More about this item

    Keywords

    Domestic Investment; Exports; Economic Growth; VECM; Greece.;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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