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Analysis of the Post-Crisis Economic Performances in the European Union

Author

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  • Madalina Ecaterina Popescu

    (Bucharest University of Economic Studies)

  • Maria-Isadora Lazar

    (Bucharest University of Economic Studies)

Abstract

The effects of the economic crisis continue to impact the world economy even if the most difficult period of the crisis seems to have passed. In this context, the analysis of the economic performance becomes stringent in that it not only allows for the identification of the economic environment, but also due to the fact that it brings value by determining the automated correction of any decision or direction in the difficult economic context of today. The paper represents a study of some of the main macroeconomic performance indicators for the European Union countries, such as: economic growth, current account balance, labour productivity, employment and average net earnings. Based on a cluster analysis we identified the position of each E.U. member state via an economic performance view and a country level particularization was then achieved. After grouping the countries into two clusters based on their economic performances, we built two distinct equations using panel data models that could explain the economic growth variations for both the case of highly performing and less performing E.U. countries. The results of the analysis actually incorporate some main components that will help formulate economic growth measures, employment and labour productivity.

Suggested Citation

  • Madalina Ecaterina Popescu & Maria-Isadora Lazar, 2015. "Analysis of the Post-Crisis Economic Performances in the European Union," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(3), pages 5-14, June.
    • Handle: RePEc:dug:actaec:y:2015:i:3:p:5-14
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    References listed on IDEAS

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    2. Monica Mihaela MAER MATEI & Ana-Maria ZAMFIR & Cristina MOCANU, 2018. "Labour Market Resilience- Comparative Evidence From Romanian Counties," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 11, pages 59-66, July.
    3. Ionuţ JIANU & Laura-Mădălina PÎRȘCOVEANU & Maria-Daniela TUDORACHE, 2017. "The impact of financial risks on economic growth in EU-15," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 23-44, Spring.
    4. Marin ANDREICA & Peter LANGER & Eugen ALBU & Paul LANGER, 2015. "Management Implications Of Implementation Of Danube Strategy In Refloating Of Ships," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 97-104, November.

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