{"id":3039,"date":"2019-01-25T03:55:58","date_gmt":"2019-01-25T00:55:58","guid":{"rendered":"https:\/\/www.intraders.org\/news\/?p=3039"},"modified":"2019-06-02T13:25:12","modified_gmt":"2019-06-02T10:25:12","slug":"nexus-between-trade-openness-fdi-and-economic-growth-in-republic-of-macedonia-vecm-approach","status":"publish","type":"post","link":"https:\/\/www.intraders.org\/news\/ot\/nexus-between-trade-openness-fdi-and-economic-growth-in-republic-of-macedonia-vecm-approach\/","title":{"rendered":"Nexus Between Trade Openness, FDI and Economic Growth in Republic of Macedonia: VECM Approach"},"content":{"rendered":"\n<p style=\"text-align:center\">Liza Alili SULEJMANI, PhD<br> International Balkan University, Faculty Of Business and Administrative Sciences, Macedonia<br> Afrim ALILI, PhD<br> <g class=\"gr_ gr_9 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-ins replaceWithoutSep\" id=\"9\" data-gr-id=\"9\">University<\/g> Of Tetovo, Faculty Of Economics, Macedonia<br><\/p>\n\n\n\n<p>Abstract<br> Having into consideration <g class=\"gr_ gr_12 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"12\" data-gr-id=\"12\">therecent<\/g> awareness of the significant role of trade openness and Foreign Direct Investments on country\u2019s economic growth, <g class=\"gr_ gr_20 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-ins replaceWithoutSep\" id=\"20\" data-gr-id=\"20\">main<\/g> objective of this paper is to analyze this nexus in the case of <g class=\"gr_ gr_18 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-ins replaceWithoutSep\" id=\"18\" data-gr-id=\"18\">Republic<\/g> of Macedonia as a small open economy, covering time spin 2000q1 \u2013 2016q4. Firstly, Augmented <g class=\"gr_ gr_13 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace\" id=\"13\" data-gr-id=\"13\">Dickey Fuller<\/g> test is accomplished to test the time series stationarity, while Johansen test for co-integration is conducted for determining the existence of co-integration vector in the model. Finally, VECM it is employed in order to reveal the long-run relationship among FDI, Trade openness and economic growth in the case of <g class=\"gr_ gr_19 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-ins replaceWithoutSep\" id=\"19\" data-gr-id=\"19\">Republic<\/g> of Macedonia. In addition, empirical results of Johansen co-integration test and VECM suggest significant long-run relationship among these variables, thus revealing <g class=\"gr_ gr_17 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-ins doubleReplace replaceWithoutSep\" id=\"17\" data-gr-id=\"17\">positive<\/g> relationship between trade openness and economic growth, while negative among FDI and real GDP. Further, Granger causality test results indicate <g class=\"gr_ gr_16 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-ins replaceWithoutSep\" id=\"16\" data-gr-id=\"16\">bidirectional<\/g> causal relationship between trade openness and real GDP, while in the case of FDI and real GDP is present a unidirectional causality, running from FDI to real GDP.<\/p>\n\n\n\n<p><br> Keywords: Trade Openness, FDI, Co-Integration, VECM, Granger Causality<br> JEL Codes: F10, F21, F43<\/p>\n\n\n\n<p><a href=\"https:\/\/www.intraders.org\/may\/archive\/\">International Conference on International Trade Abstract Book\/ edit\u00f6rler K\u00fcr\u015fat \u00c7apraz Irina Raluca Badea<\/a><\/p>\n\n\n\n<p>\u0130stanbul: Hiperlink Yay\u0131nlar\u0131, 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liza Alili SULEJMANI, PhD International Balkan University, Faculty Of Business and Administrative Sciences, Macedonia Afrim ALILI, PhD University<\/p>\n","protected":false},"author":1,"featured_media":3055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[568,569,304,440,567,301,571,570],"yst_prominent_words":[],"class_list":["post-3039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ot","tag-afrim-alili","tag-international-balkan-university","tag-intraders","tag-intraders-conference","tag-liza-alili-sulejmani","tag-macedonia","tag-trade-openness","tag-university-of-tetovo"],"_links":{"self":[{"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/posts\/3039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/comments?post=3039"}],"version-history":[{"count":0,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/posts\/3039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/media\/3055"}],"wp:attachment":[{"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/media?parent=3039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/categories?post=3039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/tags?post=3039"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.intraders.org\/news\/wp-json\/wp\/v2\/yst_prominent_words?post=3039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}