Περίληψη:
We present time series evidence theoretically consistent with the Export-Led Growth Hypothesis (ELGH), and the FDI-Led-Growth Hypothesis (FLGH), applying annual data over the period 1976-2004 of the Greek Economy. The empirical analysis employs an eclectic causality model for income growth, using the ARDL approach to cointegration. Evidently, FDI financing, under changing fiscal and monetary regimes, and Exports advancement, along with the Debt management are inextricably linked, within the long run growth process. These intimate still remain challenging and demanding research needs.