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Determinants of Economic Growth in the Republic of Kosovo.

Authors :
Markaj, Arta Krasniqi
Haxhimustafa, Shenaj
Source :
SEEU Review; Jun2024, Vol. 19 Issue 1, p132-148, 17p
Publication Year :
2024

Abstract

This paper examines the factors influencing Kosovo's economic growth from 2009 to 2022, specifically investigating the relationship between export, capital formation, consumption, and economic growth using co-integration analysis and the Vector Autoregressive Model (VAR). The findings indicate that exports of goods and services, as well as household consumption, negatively affect economic growth. Conversely, gross capital formation positively impacts economic growth. The study underscores the complexity of economic growth, highlighting the varied significance of different determinants in different contexts. Key findings reveal that while export and gross capital formation are significant contributors to economic growth, household consumption shows an insignificant relationship to GDP. This research contributes to the ongoing debate on the critical factors influencing economic growth, providing empirical evidence from the context of Kosovo and enhancing our understanding of these dynamics, thus offering new insights for policymakers. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14097001
Volume :
19
Issue :
1
Database :
Complementary Index
Journal :
SEEU Review
Publication Type :
Academic Journal
Accession number :
178091981
Full Text :
https://doi.org/10.2478/seeur-2024-0032