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

Petreski, Goce and Lazarov, Darko (2014) Analysis of Transmission Channels and Mechanism of the Global Economic Crisis from Developed to South-East European Countries. Journal of Empirical Economics, 3 (3). pp. 121-132. ISSN 2310-3280

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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

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Darko Lazarov
Date Deposited:	15 Dec 2015 08:41
Last Modified:	17 Dec 2015 10:25
URI:	https://eprints.ugd.edu.mk/id/eprint/14514

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