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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 …
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The three main financial inflows to developing countries have largely increased during the last two decades, despite the large debate in the literature regarding their effects on economic growth which is not yet clear-cut. An emerging literature investigates the dependence of their effects on...
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