Dritsakis, Nikolaos; Adamopoulos, Antonios - In: International Economic Journal 18 (2001) 4, pp. 547-559
This paper empirically examines the causal relationship between the degree of openness of the economy, financial development and economic growth by using a multivariate autoregressive VAR model in Greece for the examined period 1960:I-2000:IV. The results of cointegration analysis suggest that...