The Great Recession: A Comparison of Recession Magnitudes in Europe, Usa And Japan

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002594" target="_blank" >RIV/47813059:19520/14:#0002594 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Great Recession: A Comparison of Recession Magnitudes in Europe, Usa And Japan
Original language description
In this paper recession magnitudes in European countries, the USA and Japan during the Great Recession were evaluated and compared with the use of the Eurostat's real GDP data. The strongest recessions occurred in Latvia, Lithuania and Estonia, while Slovakia, Poland, Macedonia and Bulgaria escaped recessions in the examined period. Japan experienced three consecutive recessions with the strongest recession being higher in its magnitude than the recession in the USA and Germany, but still significantlylower than the recession in the Baffles. Even the strongest recession in Latvia was found smaller in its magnitude than the Great Depression 1929-1933 in the USA. Hence, comparisons of the Great Recession to the Great Depression in the literature and media are somewhat exaggerated. Furthermore, it was demonstrated on the cross-section of examined countries that the recession magnitudes positively correlated with the mean GDP growth (at market prices) prior to the Great Recession and this
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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