EXPORT DIVERSIFICATION AND ECONOMIC GROWTH IN TRANSITION: LESSONS FROM THE 2008 FINANCIAL CRISIS IN CEE

• Authors: Henryk Gurgul , Lukasz Lach
• Languages of publication: EN

Abstracts

EN

This paper examines the role of export diversification for economic growth in CEE transition economies. The results prove that before the outbreak of 2008 financial crisis export specialization rather than diversification was an important growth factor, especially in those countries which followed more specialized export patterns. However, after the outbreak of the crisis the direction of this causal link changed essentially. All three main aspects of export diversification turned out to play a significant role in reducing the growth slowdown effects of the 2008 financial crisis.

Keywords

EN

export diversification; economic growth; CEE transition economies

• Publisher: Katedra Ekonometrii i Statystyki, Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
• Journal: Metody Ilościowe w Badaniach Ekonomicznych
• Year: 2013
• Volume: 14
• Issue: 1
• Pages: 137-149

Dates

published

2013

Contributors

author

Henryk Gurgul

• Department of Applications of Mathematics in Economics AGH University of Science and Technology in Cracow

author

Lukasz Lach

• Department of Applications of Mathematics in Economics AGH University of Science and Technology in Cracow

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