Crisis and economic growth in the EU

Peter Halmai and Viktória Vásáry

Acta Oeconomica, 2011, vol. 61, issue 4, 465-485

Abstract: The study analyses the impacts of the financial and economic crisis on potential growth in the European Union. It identifies the main channels of impact mechanism and carries out quantitative estimations in order to reveal the medium and long-term trends. According to over findings the impacts of the crisis are significantly different in the main country-groups of the EU. The basic structural problem of the EU is considered the decreasing trend in potential growth which might be further strengthened through the lasting consequences of the crisis.

Keywords: potential economic growth; growth accounting; production function; convergence crisis (search for similar items in EconPapers)
JEL-codes: F15 O10 O40 O52 (search for similar items in EconPapers)
Date: 2011
Note: The authors thank the anonymous reviewers for their useful comments and advices.
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Citations: View citations in EconPapers (2)

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