The main purpose of this paper is to investigate both the existence and nature of a simple but fundamental economic relationship, between economic growth and saving ratio from selected Eastern European Countries. The economic growth is a major issue of economic policy as well as one effective...

This paper is an exercise in applied macroeconomic forecasting. We examine the forecasting power of a vector error-correction model (VECM) that is anchored by a long-run equilibrium relationship between Greek national income and productive public expenditure as suggested by the economic theory....

This note reviews the recent relevant literature and provides empirical evidence that fluctuations of the international price of oil have a significant impact on the Greek economic activity and inflation. In particular, the main conclusions that emerge from the literature review are the...