The study searches for an optimal Dollar–Euro exchange rate policy for the US and the Euro Area (EA) countries. To achieve this, it explores the causal links between the US Dollar–Euro exchange rate and three key macroeconomic variables. The empirical investigation is carried out in an Error...

Causal relations between the growth rates of exports, imports, and the GDP of Canada and the United States are studied using the vector error correction (VEC) model. Utilizing time-series annual data (1948–1996), Granger causality tests are performed within the framework of the VEC model....

During the last thirty years the Greek economy gradually opened to the world economy via trade liberalization. In 1962, Greece joined the European Union (EU) as an associate member, and in 1981 became the tenth member of the EU. The purpose of the study is to examine how economic integration...

Starting with the Treaty of Rome (1957), the European Union adopted common policies to promote “harmonious economic development and balanced expansion.” The paper investigates how successful such policies were, by examining whether there was economic convergence of the real per capita GDP in...