<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</abstract>

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.

Impact of Financial Liberalization on Export: Evidence from Kosovo

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"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...

Impact of Financial Liberalization on Export: Evidence from Kosovo

Published Online: Apr 01, 2023

Page range: 95 - 111

Received: Apr 01, 2022

Accepted: Jun 01, 2022

DOI: https://doi.org/10.2478/sues-2023-0010

Keywords
Financial liberalization, export, time series models

© 2023 Muhamet J. Spahiu et al., Published by VGWU Press

This work is licensed under the Creative Commons Attribution 4.0 International License.

Impact of Financial Liberalization on Export: Evidence from Kosovo

Published Online: Apr 01, 2023

Page range: 95 - 111

Received: Apr 01, 2022

Accepted: Jun 01, 2022

DOI: https://doi.org/10.2478/sues-2023-0010

KeywordsFinancial liberalization, export, time series models

© 2023 Muhamet J. Spahiu et al., Published by VGWU Press

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Financial liberalization, export, time series models