期刊名称：South-Eastern Europe Journal of Economics (SEEJE)
印刷版ISSN：1109-8597
电子版ISSN：1792-3115
出版年度：2011
卷号：9
期号：2
出版社：Association of Economic Universities of South and Eastern Europe and the Black Sea Region
摘要：The purpose of the paper is to investigate whether the volume of merchandise trade and FDI inflows influences economic growth. The period of the study is 1996-97:Q1 to 2008-09:Q3. After investigating the stationarity of the variables, cointegration analysis has been conducted followed by VECM analysis and Granger Causality Test. The variables are I(1) processes. While unidirectional causality is observed from merchandise trade to economic growth, feedback causality has been observed between FDI inflows and economic growth
