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Persistent link: https://www.econbiz.de/10011809609
The paper provides probability estimates of the state of the GDP growth. A regime-switching model defines the probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of explanatory (economic and financial) variables regarding the...
Persistent link: https://www.econbiz.de/10011312197
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direct investment for an EU and EMU member country, Greece, by applying cointegration tests and Granger causality analysis … one and two year lags imply, strongly indicating that foreign capital penetration Granger-causes economic growth in Greece … foreign funds in the future, as evidence imply for the case of Greece …
Persistent link: https://www.econbiz.de/10012857263
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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...
Persistent link: https://www.econbiz.de/10014096111
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This paper is founded on both the theoretical schemes of financialization, as a new regime of accumulation, and the shareholder value, the everyday finance, the structured finance, as well as the finance-led growth regime, whose special institutional forms concern the wage-labor nexus, the...
Persistent link: https://www.econbiz.de/10014284102
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In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP growth. Our sample includes 68 countries and covers the period 1976-2012. We find, first, that sanctions imposed by the UN have a statistically and economically significant...
Persistent link: https://www.econbiz.de/10011374064