Impact of Final Consumption, Domestic Investment, Exports, and Imports on Economic Growth in Albania

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.

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Year of publication:	2023
Authors:	Akermi, Najwa ; Ben Yedder, Nadia ; Bakari, Sayef

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Akermi, Najwa and Ben Yedder, Nadia and Bakari, Sayef (2023): Impact of Final Consumption, Domestic Investment, Exports, and Imports on Economic Growth in Albania.
Classification:	E21 - Consumption; Saving ; E22 - Capital; Investment (including Inventories); Capacity ; F11 - Neoclassical Models of Trade ; F14 - Country and Industry Studies of Trade ; F43 - Economic Growth of Open Economies ; G11 - Portfolio Choice ; G31 - Capital Budgeting; Investment Policy ; H54 - Infrastructures; Other Public Investment and Capital Stock ; O16 - Financial Markets; Saving and Capital Investment ; O47 - Measurement of Economic Growth; Aggregate Productivity ; P33 - International Trade, Finance, Investment, and Aid ; P45 - International Trade, Finance, Investment, and Aid ; R53 - Public Facility Location Analysis; Public Investment and Capital Stock
Source:	BASE

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