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Journals / İktisat ve Sosyal Bilimlerde Güncel Araştırmalar / 2017 / Cilt: 1 - Sayı: 1

The Impact of the Global Financial Crisis on the Economic Development in the Eurasian Region

Natalya KETENCİ
Pages
155–173
Publication Date
2017-06-01
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This study finds evidence that after the global financial crisis, economic growth in the region becomes more responsive to capital flows compared to the pre-crisis period.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study presents an empirical analysis of the impact of the global financial crisis on the economic development of the Eurasian region.
📊
Key Findings & Data:Panel estimations using annual data for the period 1990-2014 are made applying the Generalized Method of Moments estimation technique for the dynamic panel data, developed by Hansen (1982).
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Conclusion & Impact:This study finds evidence that after the global financial crisis, economic growth in the region becomes more responsive to capital flows compared to the pre-crisis period.
🔬Design:Research Article
📍Scope:2014 Verileri
⚙️Variables:Economic growth · capital flows · generalized method of moments (GMM)

Abstract

This study presents an empirical analysis of the impact of the global financial crisis on the economic development of the Eurasian region. The region covers fifteen states of the former Soviet Union: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyz Republic, Latvia, Lithuania, Moldova, Russian Federation, Tajikistan, Turkmenistan, Ukraine, Uzbekistan. Emerging economies of estimated countries are highly attractive for foreign investors, who stimulate economic growth in the region. This paper particularly investigates the relationship between economic growth and international capital flows in the Eurasian region before and after the global financial crisis. Panel estimations using annual data for the period 1990-2014 are made applying the Generalized Method of Moments estimation technique for the dynamic panel data, developed by Hansen (1982). Empirical results reveal that the main determinant of the regions’ economic development is FDI inflow. This study finds evidence that after the global financial crisis, economic growth in the region becomes more responsive to capital flows compared to the pre-crisis period.

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Cite This Article

KETENCİ, N. (2017). The Impact of the Global Financial Crisis on the Economic Development in the Eurasian Region. İktisat ve Sosyal Bilimlerde Güncel Araştırmalar, Cilt: 1 - Sayı: 1, 155–173. https://ajindex.com/articles/833645

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