Impact of Financial Liberalization on Export: Evidence from Kosovo
The current study observes the link between export levels, GDP growth, gross savings, lending interest rates, and real interest rates. This study's evaluation approach combines an Ordinary Least Squares (OLS), and Arrellano-Bover/Blundell-Bond estimation to observe the connection among export l...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2023-06-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/sues-2023-0010 |
| _version_ | 1797832415192809472 |
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| author | Spahiu Muhamet J. Durguti Esat A. |
| author_facet | Spahiu Muhamet J. Durguti Esat A. |
| author_sort | Spahiu Muhamet J. |
| collection | DOAJ |
| description | The current study observes the link between export levels, GDP growth, gross savings, lending interest rates, and real interest rates. This study's evaluation approach combines an Ordinary Least Squares (OLS), and Arrellano-Bover/Blundell-Bond estimation to observe the connection among export level, GDP growth, gross savings, lending interest rates, and real interest rate as a component of financial liberalization in the case of Kosovo over 12 years from 2009 to 2020. The findings reveal that GDP growth and lending interest rates have a positive impact on the level of export growth. However, as a component of financial liberalization, real interest rates have a negative impact on the level of exports. Whereas econometric analyses revealed that gross savings were insignificant. The negative relationship between the real interest rate and the level of exports represents that real interest rates restricted the financial possibility for businesses to maximize the level of exports throughout the research period. Due to the limited number of observations, this study is limited to analyzing the long-term correlations between the factors that characterize financial liberalization and export progress in the context of Kosovo. To meet the objective of growing exports, policymakers must design policies to enhance the financial system and invest in infrastructure development to encourage the business sector that exports its products or services. |
| first_indexed | 2024-04-09T14:08:36Z |
| format | Article |
| id | doaj.art-4a3b766ba9a540f0974b13015a43f5c7 |
| institution | Directory Open Access Journal |
| issn | 2285-3065 |
| language | English |
| last_indexed | 2024-04-09T14:08:36Z |
| publishDate | 2023-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj.art-4a3b766ba9a540f0974b13015a43f5c72023-05-06T15:58:55ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice2285-30652023-06-013329511110.2478/sues-2023-0010Impact of Financial Liberalization on Export: Evidence from KosovoSpahiu Muhamet J.0Durguti Esat A.1Universum International, powered by Arizona State University, Arizona, KosovoUniversity Isa Boletini, Faculty of Economics, Mitrovica – KosovoThe current study observes the link between export levels, GDP growth, gross savings, lending interest rates, and real interest rates. This study's evaluation approach combines an Ordinary Least Squares (OLS), and Arrellano-Bover/Blundell-Bond estimation to observe the connection among export level, GDP growth, gross savings, lending interest rates, and real interest rate as a component of financial liberalization in the case of Kosovo over 12 years from 2009 to 2020. The findings reveal that GDP growth and lending interest rates have a positive impact on the level of export growth. However, as a component of financial liberalization, real interest rates have a negative impact on the level of exports. Whereas econometric analyses revealed that gross savings were insignificant. The negative relationship between the real interest rate and the level of exports represents that real interest rates restricted the financial possibility for businesses to maximize the level of exports throughout the research period. Due to the limited number of observations, this study is limited to analyzing the long-term correlations between the factors that characterize financial liberalization and export progress in the context of Kosovo. To meet the objective of growing exports, policymakers must design policies to enhance the financial system and invest in infrastructure development to encourage the business sector that exports its products or services.https://doi.org/10.2478/sues-2023-0010financial liberalizationexporttime series modelsg28f10c32 |
| spellingShingle | Spahiu Muhamet J. Durguti Esat A. Impact of Financial Liberalization on Export: Evidence from Kosovo Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice financial liberalization export time series models g28 f10 c32 |
| title | Impact of Financial Liberalization on Export: Evidence from Kosovo |
| title_full | Impact of Financial Liberalization on Export: Evidence from Kosovo |
| title_fullStr | Impact of Financial Liberalization on Export: Evidence from Kosovo |
| title_full_unstemmed | Impact of Financial Liberalization on Export: Evidence from Kosovo |
| title_short | Impact of Financial Liberalization on Export: Evidence from Kosovo |
| title_sort | impact of financial liberalization on export evidence from kosovo |
| topic | financial liberalization export time series models g28 f10 c32 |
| url | https://doi.org/10.2478/sues-2023-0010 |
| work_keys_str_mv | AT spahiumuhametj impactoffinancialliberalizationonexportevidencefromkosovo AT durgutiesata impactoffinancialliberalizationonexportevidencefromkosovo |