The Evaluation of Recession Magnitudes in EU during the Great Recession 2008-2010
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F16%3A00010558" target="_blank" >RIV/47813059:19520/16:00010558 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1515/revecp-2016-0014" target="_blank" >http://dx.doi.org/10.1515/revecp-2016-0014</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1515/revecp-2016-0014" target="_blank" >10.1515/revecp-2016-0014</a>
Alternative languages
Result language
angličtina
Original language name
The Evaluation of Recession Magnitudes in EU during the Great Recession 2008-2010
Original language description
The aim of this article is to compare 2008-2010 recession magnitudes in individual EU countries. For the comparison the recession magnitude scale was used. The strongest recession during the examined period took place in Latvia, Estonia, Lithuania, Greece and Ireland, while the weakest recessions in the EU occurred in France, Malta and Cyprus. Poland and Slovakia were the only two EU countries that did not fall into a recession, that is why they were not included in the study. The main findings of the paper are that EU19s recession was much smaller than both the Great Depression of the 1930s and the recent Great Recession in the USA. Furthermore, with the use of a linear econometric model it was found that recession magnitudes in EU countries were directly proportional to the countries GDP per capita in 2008 and growth prior to recessions, while countries economic openness was indirectly proportional to recession magnitudes, all the relationships being statistically significant.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Review of Economic Perspectives (Národohospodářský obzor)
ISSN
1804-1663
e-ISSN
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Volume of the periodical
16
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
14
Pages from-to
231-244
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-84992096741