Does the Customs Clearance Process Affect Economic Growth? A Panel VAR Data Analysis*
Does the Customs Clearance Process Affect Economic Growth? A Panel VAR Data Analysis*

Author(s): Christos Katris, Evangelos Daskalopoulos, Aristeidis Mylonas
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Customs clearance process effectiveness; Panel VAR
Summary/Abstract: The scope of this paper is to investigate whether the Customs clearance process can affect the economic growth in Greece. With the term growth, we mean the GDP per capita and a more general concept as it is expressed in the Human Development Index which is addressed by the term development. The considered variables are the “Logistics Performance Index: Efficiency of the customs clearance process (1=low to 5=high)”, the “Human Development Index”, the “GDP per capita growth rate” and other development and governance indicators from the World Bank. The results stem from the econometric design of the panel VAR approach where the “Logistics performance index: Efficiency of customs clearance process (1=low to 5=high)” is the considered dependent variable and the other variables are the independent variables while the period is from 2000 to 2021 in our study.

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