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http://hdl.handle.net/10419/57804
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| Title: | | Foreign and Domestic Growth Drivers in Eastern Europe  |
| Authors: | | Weber, Enzo |
| Issue Date: | | 2010 |
| Series/Report no.: | | Arbeiten aus dem Osteuropa-Institut Regensburg, Wirtschaftswissenschaftliche Abteilung 286 |
| Abstract: | | This paper analyses the growth effects of capital formation, exports and FDI as major drivers of economic development in Eastern Europe. The fundamental innovations are identified by empirically and theoretically motivated short- and long-run restrictions in structural cointegrated vector autoregressions. Impulse responses and variance decompositions reveal quite different growth effects in various Eastern European countries. Generally, strong reliance on exports goes along with higher GDP, and FDI bears substantial potential for fostering economic growth. It is shown that the recent worldwide recession clearly hit Eastern Europe through the export channel, whereas the recovery is mainly supported by positive demand shocks. |
| Subjects: | | Eastern Europe Growth Exports Investment Identification |
| JEL: | | O11 C32 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Osteuropa-Institut Regensburg (OEI)
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