An economic growth model for Austrian economy based on co-integration analysis

Published in: Επιθεώρηση Οικονομικών Επιστημών
Main Author: Δριτσάκης, Νικόλαος
Other Authors: Μεταξόγλου, Κωνσταντίνος
Format: Article
Language: English
Published: ΤΕΙ Ηπείρου. Σχολή Διοίκησης και Οικονομίας 2004
Subjects:
Online Access: http://cris.teiep.gr/jspui/handle/123456789/1111
Physical Description: σελ. 89-98
ISSN: 1109-2629
Abstract: This study examines the extent in which the interest rate between the national currency of a country and U.S dollar affects this country's economic growth. The selection of this country is based on the fact that it is largely tourism based, and so the inferences about the exchange rate behaνior will be νery useful. We use GDP as dependent variable and the ratio of goνernment expenditure to GDP, interest rate, money supply and terms of trade as independent νari ables. The estimation of the function is based οn co-integration analysis. For this purpose we use quarterly data of the Austrian economy for the period 1964Q1 1991Q4.