Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168765
Authors: 
Dragos, Cristian
Dragos, Simona Laura
Year of Publication: 
2012
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 14 [Year:] 2012 [Issue:] Special No. 6 [Pages:] 621-634
Abstract: 
The world economy has been recently upside–downed by the Global Financial Crisis. However, the effects have been extremely different from one country to another and from one economic sector to another. Starting from the economic assumptions formulated in the field’s literature, the article analyzes the hypotheses of the disadvantageous influences of the services and financial sector upon the volatility of the economic growth rate and the unemployment rate in times of crisis. Econometric estimations using cross-sectional OLS Robust (White) Regressions on a sample of worldwide data taken from the World Bank confirm the theoretical hypotheses. The consequences of the highlighted mechanisms can be significant through the repositioning of the role of the different economic sectors.
Subjects: 
global financial crisis
services
financial services
economic growth
unemployment
cross-sectional econometric models
JEL: 
C21
E32
O11
O47
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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