An Empirical Study on the Relationship Between Economic Growth and Globalization in Albania Based on a VAR Model
An Empirical Study on the Relationship Between Economic Growth and Globalization in Albania Based on a VAR Model

Author(s): Kladiola Gjini
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Albania; Economic growth; Globalization; Var model
Summary/Abstract: This paper examines Albania’s economic trajectory over the period 1980-2022, employing a Vector Autoregression (VAR) model to unravel the intricate relationship between economic growth and globalization. As Albania underwent significant transformations during this period, marked by shifts in political structures and economic policies, our analysis seeks to disentangle the nuanced dynamics at play. Our findings aim to shed light on whether economic growth in Albania is a driver or a consequence of globalization, unravelling the complex interplay between domestic economic activities and global forces. In conclusion, this paper not only adds to the understanding of Albania’s economic evolution but also provides a methodological contribution through the application of the VAR model.

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