The Affecting Channels Of The Global Crisis On The South-Eastern Europe (See-7) Countries’ Growth Performance

The Affecting Channels Of The Global Crisis On The South-Eastern Europe (See-7) Countries’ Growth Performance

Ali , Sen

This paper analyzes the impact of the global crisis on the growth performance of SEE-7 countries. From the beginning of 2000’s to the eve of the global crisis, these economies had a strong growth performance. Especially, increasing export, inflows of foreign direct investments and private capital significantly contributed to their economic growth. However, the global economic crisis adversely affected all the SEE-7. According to empirical findings obtaining from the panel regression results, until the global crisis, the external variables significantly contributed to growth performances of these economies. However, the impacts of external variables on GDP growth rate reduced sharply during the crisis. Keywords: The SEE-7 countries, growth performance, the global crisis, external variables, panel data.

Conference or Workshop Item
PeerReviewed

2012-05-31

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