The Driving Forces behind Albania’s Growth

TURAN, Güngör and SHERIFI, Çeljeta (2014) The Driving Forces behind Albania’s Growth. International Conference on Economic and Social Studies. ISSN 2303-4564

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This paper examines the determinants of the Albanian economic growth that occurred from 2002-2012. We have explored, first, the time series properties of the growth rates of gross domestic product and labor productivity with an extended battery of unit-root tests. Then, in a multivariate setting, we use the VAR model methodology to provide evidence that physical and human capital accumulation, R&D expenditure, openness and competitiveness are the main drivers of output, labor productivity and total factor productivity growth in the long run. Keywords: growth, Solow model, VAR methodology, Albania.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: International Conference on Economic and Social Sciences
Depositing User: Users 173 not found.
Date Deposited: 23 Jun 2014 09:16
Last Modified: 23 Jun 2014 09:16

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