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

Kladiola Gjini – University of Elbasan ‘Aleksandër Xhuvani’, Faculty of Economics, Economics Department, Albania

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.

8th International Scientific Conference – EMAN 2024 – Economics and Management: How to Cope With Disrupted Times, Rome, Italy, March 21, 2024, SELECTED PAPERS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-84-4, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.S.P.2024

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