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Adjusted Net Savings of CEE and Baltic Nations in the Context of Sustainable Economic Growth: A Panel Data Analysis

Author

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  • Batrancea Larissa

    (Faculty of Business, Babes-Bolyai University, 7 Horea Street, 400174 Cluj-Napoca, Romania)

  • Rathnaswamy Malar Maran

    (Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania)

  • Batrancea Ioan

    (Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania)

  • Nichita Anca

    (Faculty of Economic Sciences, “1 Decembrie 1918” University of Alba Iulia, 15–17 Unirii Street, 510009 Alba Iulia, Romania)

  • Rus Mircea-Iosif

    (National Institute for Research and Development in Constructions, Urbanism and Sustainable Spatial Development “URBAN INCERC”, 117 Calea Floresti, 400524 Cluj-Napoca, Romania)

  • Tulai Horia

    (Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania)

  • Fatacean Gheorghe

    (Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania)

  • Masca Ema Speranta

    (Faculty of Economics and Law, “George Emil Palade” University of Medicine, Pharmacy, Science and Technology of Targu Mures, 38 Gheorghe Marinescu Street, 540566 Targu Mures, Romania)

  • Morar Ioan Dan

    (Faculty of Economic Sciences, University of Oradea, 1 Universitatii Street, 410087 Oradea, Romania)

Abstract

The article investigates the contribution of adjusted net savings to sustainable economic growth for 10 Central and Eastern European and Baltic nations, which are former Soviet bloc nations known as transition economies, using panel data analysis for the period 2005–2016. Our results indicated that adjusted net savings impacted on the GDP across the 10 countries analyzed. Nevertheless, national authorities are called on to implement policy changes in these countries to achieve sustainable economic growth and make an efficient transition from a brown economy towards a green economy.

Suggested Citation

  • Batrancea Larissa & Rathnaswamy Malar Maran & Batrancea Ioan & Nichita Anca & Rus Mircea-Iosif & Tulai Horia & Fatacean Gheorghe & Masca Ema Speranta & Morar Ioan Dan, 2020. "Adjusted Net Savings of CEE and Baltic Nations in the Context of Sustainable Economic Growth: A Panel Data Analysis," JRFM, MDPI, vol. 13(10), pages 1-17, October.
    • Handle: RePEc:gam:jjrfmx:v:13:y:2020:i:10:p:234-:d:422535
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