@article{ART001096811,
author={Dritsakis, Nikolaos and A. Adamopoulos},
title={Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis},
journal={International Economic Journal},
issn={1016-8737},
year={2004},
volume={18},
number={4},
pages={549-561}
}

TY - JOUR
AU - Dritsakis, Nikolaos
AU - A. Adamopoulos
TI - Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis
T2 - International Economic Journal
JO - International Economic Journal
PY - 2004
VL - 18
IS - 4
PB - 한국국제경제학회
SP - 549
EP - 561
SN - 1016-8737
AB - This paper examines empirically the causal relationship among 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:Ι – 2000:IV. The results of cointegration analysis suggest that there is one cointegrated vector among GDP, financial development and the degree of openness of the economy. Granger causality tests based on error correction models show that there is a causal relationship between financial development and economic growth, but also between the degree of openness of the economy and economic growth.
KW - financial development, economic growth, openness, Granger causality JEL: O11, C221. IntroductionIn recent years the relationship between financial development and economic growth has become an issue of extensive analysis. The question is whether fin
DO -
UR -
ER -

Dritsakis, Nikolaos and A. Adamopoulos. 2004, "Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis", International Economic Journal, vol.18, no.4 pp.549-561.

Dritsakis, Nikolaos, A. Adamopoulos "Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis" International Economic Journal 18.4 pp.549-561 (2004) : 549.

Dritsakis, Nikolaos, A. Adamopoulos. Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis. 2004; 18(4), 549-561.

Dritsakis, Nikolaos and A. Adamopoulos. "Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis" International Economic Journal 18, no.4 (2004) : 549-561.

Dritsakis, Nikolaos; A. Adamopoulos. Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis. International Economic Journal, 18(4), 549-561.

Dritsakis, Nikolaos; A. Adamopoulos. Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis. International Economic Journal. 2004; 18(4) 549-561.

Dritsakis, Nikolaos, A. Adamopoulos. Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis. 2004; 18(4), 549-561.

Dritsakis, Nikolaos and A. Adamopoulos. "Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis" International Economic Journal 18, no.4 (2004) : 549-561.