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Economic Growth, Foreign Investments and Exports in Romania: A VECM Analysis

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The present paper deals with the relationship between GDP. FDI and merchandise exports using a vector error-correction model (VECM). The empirical model is based on quarterly data for the period 2005-2014 in Romania. The Granger causality test indicate a positive significant bidirectional relationship and between FDI and GDP and a unidirectional relationship between GDP and exports. https://www.chiggate.com/dog-in-car-for-discount/
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