IDEAS home Printed from https://ideas.repec.org/a/rss/jnljee/v3i3p2.html
   My bibliography  Save this article

Analysis of Transmission Channels and Mechanism of the Global Economic Crisis from Developed to South-East European Countries

Author

Listed:
  • Goce Petreski
  • Darko Lazarov

Abstract

The aim of the paper is to investigate the impact of financial crisis on the South-East European economies, throughout a series of econometric tests of a range of transmission mechanisms. Aggregate macroeconomic relationships might contain offset mechanisms (budget deficits, foreign and domestic debt increase).The framework of analysis has no an objective to look into the internal mechanics of growth of national economies, elasticity and substitutions, positions in income distribution, Okun‟s law over the business cycle and related reverse linkages. Moreover, the paper has no ambitions to scrutinize the statistical or administrative and methodology changes domestic deficits, types of subsidies and other exogenous interventions in the incumbent period, which may significantly influence levels of any economic variables and consequently distort the general conclusions.

Suggested Citation

  • Goce Petreski & Darko Lazarov, 2014. "Analysis of Transmission Channels and Mechanism of the Global Economic Crisis from Developed to South-East European Countries," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 3(3), pages 121-132.
    • Handle: RePEc:rss:jnljee:v3i3p2
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper%202_1497027693.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Will Bartlett & Ivana Prica, 2011. "The Variable Impact of the Global Economic Crisis in South East Europe," Economic Annals, Faculty of Economics, University of Belgrade, vol. 56(191), pages 7-34, October-D.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elizabeta Tosheva, 2016. "The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 13, pages 171-183, January.
    2. Monastiriotis, Vassilis & Zilic, Ivan, 2020. "The economic effects of political disintegration: Lessons from Serbia and Montenegro," European Journal of Political Economy, Elsevier, vol. 65(C).
    3. Hasan Cömert & Esra Nur Uğurlu, 2015. "The Impacts of the 2008 Global Financial Crisis on Developing Countries: The Case of the 15 Most Affected Countries," ERC Working Papers 1509, ERC - Economic Research Center, Middle East Technical University, revised Oct 2015.
    4. Elena Makrevska Disoska & Katerina Toshevska-Trpchevska & Irena Kikerkova & Elena Naumovska, "undated". "Panel Data Analysis Of The Impact Of Economic And Institutional Factors Upon The Fdi Inflow In See Countries," Review of Socio - Economic Perspectives 201824, Reviewsep.
    5. Milica Uvalić & Božidar Cerović† & Jasna Atanasijević, 2020. "The Serbian Economy Ten Years After The Global Economic Crisis," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 65(225), pages 33-72, April – J.
    6. DIMITRIOU Georgia & METAXAS Theodore, 2018. "Mapping Economic Crisis In South Europe: Greece, Portugal And Cyprus," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(2), pages 41-54.
    7. Beata Farkas, 2017. "Market Economies of the Western Balkans Compared to the Central and Eastern European Model of Capitalism," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 19(1), pages 5-36, June.
    8. Ron Boschma & Simona Iammarino & Raffaele Paci & Jordy Suriñach & Will Bartlett & Nevenka Čučković & Krešimir Jurlin, 2017. "A Comparative Perspective on Institutional Quality in Countries at Different Stages of European Integration," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 108(1), pages 92-108, February.
    9. Beqiraj, Elton & Di Bartolomeo, Giovanni & Di Pietro, Marco & Serpieri, Carolina, 2018. "Comparing Central Europe and the Baltic macro-economies: A Bayesian approach," EconStor Preprints 175242, ZBW - Leibniz Information Centre for Economics.
    10. Estrin, Saul & Uvalic, Milica, 2016. "Foreign direct investment in the Western Balkans: what role has it played during transition?," LSE Research Online Documents on Economics 67004, London School of Economics and Political Science, LSE Library.
    11. Enika Abazi, 2021. "Geopolitics in the Western Balkans: linkages, leverages and gatekeepers," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 24, pages 85-108, July.
    12. Paul Stubbs, 2019. "Towards A Political Economy Of Welfare In Croatia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(223), pages 105-136, October –.
    13. Bošnjak Antonija & Hassan Abeer & James Kieran, 2017. "Analysis of the Banking Sector Performance in Bosnia and Herzegovina, Montenegro and Serbia Before and After the Global Financial Crisis," Economics, Sciendo, vol. 5(2), pages 83-101, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljee:v3i3p2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danish Khalil (email available below). General contact details of provider: http://www.rassweb.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.