The myth of economic recovery: The case of crises in neighboring countries

Can Sever

Economics Letters, 2018, vol. 164, issue C, 65-69

Abstract: Although there is evidence that there are economic spillovers from neighboring countries to the domestic economy, there has been lack of effort to discover the persistence of these effects. Using panel data for a large set of countries, I ask whether the effect of crises in neighboring countries on the domestic output is long lasting. I show that different sorts of political and financial crises in neighboring countries have a highly persistent impact on the domestic output with no evidence for recovery.

Keywords: Financial crisis; Political crisis; Economic recovery; Growth; Spillovers (search for similar items in EconPapers)
JEL-codes: D74 E32 E44 G01 R11 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:164:y:2018:i:c:p:65-69

DOI: 10.1016/j.econlet.2018.01.007

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