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Effects of Services on Economic Growth in Albania: An ARDL Approach
The Journal of International Trade & Economic Development ( IF 2.2 ) Pub Date : 2021-04-11 , DOI: 10.1080/09638199.2021.1910723
Adelajda Matuka 1 , Shuffield Seyram Asafo 1
Affiliation  

Using annual data for the period 2000–2018, the study employed an autoregressive distributed lag (ARDL) methodology to examine the long-run cointegrating relations between service subsectors and economic growth in Albania. Results are presented both for the short run and long run. Findings indicate that the transport sector, communication and financial services have a positive impact on economic growth. However, the manufacturing sector has a negative impact. This confirms Baumol’s theory on cost disease but does not corroborate Kaldor’s theory. Furthermore, agriculture and industry stimulate the Albanian economy whilst expenditure on health have a limited impact. In addition, the Granger causality test indicates a bidirectional causality from transport, communication and financial services to GDP per capita. Lastly, our models are robust to all the conventional battery of tests.



中文翻译:

服务对阿尔巴尼亚经济增长的影响:ARDL 方法

该研究使用 2000-2018 年期间的年度数据,采用自回归分布滞后 (ARDL) 方法来检查阿尔巴尼亚服务分部门与经济增长之间的长期协整关系。结果显示了短期和长期。调查结果表明,交通部门、通信和金融服务对经济增长具有积极影响。然而,制造业有负面影响。这证实了鲍莫尔关于成本病的理论,但没有证实卡尔多的理论。此外,农业和工业刺激阿尔巴尼亚经济,而卫生支出的影响有限。此外,格兰杰因果检验表明交通、通讯和金融服务与人均 GDP 之间存在双向因果关系。最后,

更新日期:2021-04-11
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