Globalization and Economic Growth: Evidence from European Countries  Globalization and Economic Growth: Evidence from European Countries

The rapid economic growth observed in Central European countries in the last thirty years has been the result of profound political changes and economic liberalization. This growth is partly connected with reducing carbon dioxide (CO2) emissions. However, the problem of CO2 emissions seems to remain unresolved. The aim of this paper is to test whether the Environmental Kuznets Curve (EKC) hypothesis holds true for Central European countries in an annual sample data that covers 1995–2016 in most countries. We examine cointegration by applying the Autoregressive Distributed Lag bound testing. This is the first study examining the relationship between CO2 emissions and economic growth in individual Central European countries from a long-run perspective, which allows the results to be compared. We confirmed the cointegration, but our estimates confirmed the EKC hypothesis only in Poland. It should also be noted that in all nine countries, energy consumption leads to increased CO2 emissions. The long-run elasticity ranges between 1.5 in Bulgaria and 2.0 in Croatia. We observed exceptionally low long-run elasticity in Estonia (0.49). Our findings suggest that to solve the environmental degradation problem in Central Europe, it is necessary to individualize the policies implemented in the European Union.

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Government size and efficiency as constraints to economic growth: comparing Croatia with other European countries

Post-Communist Economies ◽

10.1080/14631377.2014.937089 ◽

2014 ◽

Vol 26 (3) ◽

pp. 297-323 ◽

Cited By ~ 6

Author(s):

Marijana Bađun ◽

Vedrana Pribičević ◽

Milan Deskar-Škrbić

Keyword(s):

Economic Growth ◽

European Countries ◽

Government Size

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Patterns of Interrelationships between Inflation, R&D, Innovation, and Economic Growth: Evidence from Central and Eastern European Countries

10.15179/ces.22.2.1 ◽

2020 ◽

Vol 22 (2) ◽

pp. 5-33

Author(s):

Ljubivoje Radonjić ◽

◽

Nevena Veselinović ◽

Keyword(s):

Economic Growth ◽

Positive Impact ◽

Primary Objective ◽

Output Growth ◽

European Countries ◽

Eastern European ◽

Innovation Activities ◽

Private And Public ◽

Eastern European Countries ◽

The Impact

The primary objective of the article is to examine the nexus between inflation, R&D, patents, and economic growth within a group of Central and Eastern European countries (CEECs). The examination is conducted in two parts. First, the impact of total R&D expenditures on economic growth is observed, as well as the influence of growth on private and public R&D investments. Second, the conversion from private and public R&D investment to innovation, measured by the number of patents, is observed. Throughout the analysis, economic growth and inflation are representative of macroeconomic stability. The outcomes of the panel auto-regressive distributed lag estimation indicate that total R&D expenditures are essential and positively significant for economic growth in the observed countries. The results also show that output growth has a remarkably positive impact on generating private R&D expenditures. Such an influence is also found, but at a weaker level, in the case of public R&D expenditures. In this part of the analysis, inflation has demonstrated a harmful influence on R&D expenditures. The results of the second part indicate that public and private R&D expenditures, at a significant level, generate innovation activities, while the impact of inflation has proven to be unimportant.

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The Impact of Corruption on Economic Growth

Wealth Creation and Poverty Reduction ◽

10.4018/978-1-7998-1207-4.ch015 ◽

2020 ◽

pp. 266-290

Author(s):

Noha A. Farrag ◽

Asmaa M. Ezzat

Keyword(s):

Economic Growth ◽

Empirical Evidence ◽

Random Effects ◽

Negative Impact ◽

European Countries ◽

Random Effects Model ◽

Mena Countries ◽

The Impact

Even though corruption is correlated to political and moral degradation, there is no consensus on the impact of corruption on economic growth. Although, theory leans to the view that corruption has negative impact on growth, still empirical evidence and counter arguments show that there might be positive implications for corruption. This paper compares the corruption impact on growth in 17 developed European countries vs. 15 developing MENA countries using a pooled OLS model and a random effects model for the period (1999-2012). This paper contributes to the literature by examining the impact of corruption on growth in scarcely examined countries in Europe and MENA. Also, the paper findings are intriguing because they show that the region, as a proxy to degree of development, significantly influences the effect of corruption on economic growth.

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The Impact of Corruption on Economic Growth

Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-4666-9548-1.ch005 ◽

2016 ◽

pp. 74-97 ◽

Cited By ~ 1

Author(s):

Noha A. Farrag ◽

Asmaa M. Ezzat

Keyword(s):

Economic Growth ◽

Empirical Evidence ◽

Random Effects ◽

Negative Impact ◽

European Countries ◽

Random Effects Model ◽

Mena Countries ◽

The Impact

Even though corruption is correlated to political and moral degradation, there is no consensus on the impact of corruption on economic growth. Although, theory leans to the view that corruption has negative impact on growth, still empirical evidence and counter arguments show that there might be positive implications for corruption. This paper compares the corruption impact on growth in 17 developed European countries vs. 15 developing MENA countries using a pooled OLS model and a random effects model for the period (1999-2012). This paper contributes to the literature by examining the impact of corruption on growth in scarcely examined countries in Europe and MENA. Also, the paper findings are intriguing because they show that the region, as a proxy to degree of development, significantly influences the effect of corruption on economic growth.

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Banking sector performance and economic growth: evidence from Southeast European countries

Post-Communist Economies ◽

10.1080/14631377.2019.1640988 ◽

2019 ◽

Vol 32 (2) ◽

pp. 267-284 ◽

Cited By ~ 1

Author(s):

Veton Zeqiraj ◽

Shawkat Hammoudeh ◽

Omer Iskenderoglu ◽

Aviral Kumar Tiwari

Keyword(s):

Economic Growth ◽

Banking Sector ◽

European Countries ◽

Sector Performance

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Economic growth, financial development, trade openness, and CO2 emissions in European countries

African J of Accounting Auditing and Finance ◽

10.1504/ajaaf.2016.078320 ◽

2016 ◽

Vol 5 (2) ◽

pp. 155

Author(s):

Aida Sy ◽

Tony Tinker ◽

Abdelkader Derbali ◽

Lamia Jamel

Keyword(s):

Economic Growth ◽

Financial Development ◽

Trade Openness ◽

European Countries

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1968: Europe in Technicolour

10.1093/oxfordhb/9780199560981.013.0012 ◽

2012 ◽

Author(s):

Martin Klimke

Keyword(s):

Economic Growth ◽

Social Movements ◽

World War Ii ◽

Cold War ◽

Baby Boom ◽

European Countries ◽

World War ◽

Working Classes ◽

The Social ◽

The Cold War

Even after more than four decades, the events of the tumultuous year 1968 still mesmerise and polarise Europe, both culturally and politically. Although prominent representatives of the continent's student revolt have called for people to ‘forget 68’, Europeans have entered the historicisation and memorialisation process for this period with vigour. Among the causes and contexts of the social movements, acts of dissent, and youthful revolts that are commonly subsumed under the cipher ‘1968’, the Cold War and the division of Europe after 1945 usually enjoy pride of place, although these were by no means the only influences. The rapid demographic changes after World War II were probably the primary force that shaped the context in which the opposition of the youth was to unfold. The postwar baby boom reached its climax in 1947, coinciding with a massive economic growth in many Northern and Western European countries that reached into all segments of society and proved particularly beneficial to the lower middle and working classes.

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