Author(s): Dr. Kalimeris Dimitrios
Journal: International Journal of Economics and Research
ISSN 2229-6158
Volume: 02;
Issue: 05;
Start page: 22;
Date: 2011;
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Keywords: National debt | Granger causality | VAR methodology
ABSTRACT
In an attempt to emphasize on Greece’s economic problem and lending credibility as a victim of the neoliberal economic approach, this research paper attempts to examine some important macroeconomic factors, like the intra and extra-EU trade balance and long term interest rates on government bonds in relation with national debt levels of Greece in the past decade. Granger causality and VAR results agree that current national debt is granger-caused by the majority of these factors, while on the other hand, it is responsible for the country’s poor intra-EU trade balance
Journal: International Journal of Economics and Research
ISSN 2229-6158
Volume: 02;
Issue: 05;
Start page: 22;
Date: 2011;
VIEW PDF
DOWNLOAD PDF Original pageKeywords: National debt | Granger causality | VAR methodology
ABSTRACT
In an attempt to emphasize on Greece’s economic problem and lending credibility as a victim of the neoliberal economic approach, this research paper attempts to examine some important macroeconomic factors, like the intra and extra-EU trade balance and long term interest rates on government bonds in relation with national debt levels of Greece in the past decade. Granger causality and VAR results agree that current national debt is granger-caused by the majority of these factors, while on the other hand, it is responsible for the country’s poor intra-EU trade balance