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What Drives Economic Growth in Some CEE Countries? Cover

Abstract

Considering the potential factors that might generate economic growth, a target for any economy, this paper identified some determinants of economic growth in the countries from Central and Eastern Europe (CEE countries) that are member states of the European Union. The foreign direct investment was the most important determinant of economic growth in most of the countries (Bulgaria, Slovenia, Estonia, Hungary, Romania, Poland, Latvia, Lithuania) in the period 2003-2016, according to Bayesian bridge regressions. The indicators related to the level and the quality of labour resources proved to be insignificant in explaining the economic growth in these countries. Moreover, in Croatia, Estonia, Latvia, Lithuania, and Poland, the government expenditure on education had a negative effect on economic growth.

DOI: https://doi.org/10.2478/sues-2018-0004 | Journal eISSN: 2285-3065 | Journal ISSN: 1584-2339
Language: English
Page range: 46 - 56
Submitted on: Oct 1, 2017
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Accepted on: Feb 1, 2018
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Published on: Mar 24, 2018
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2018 Mihaela Simionescu, published by Vasile Goldis Western University of Arad
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.