Global Financial Crises: the Impact on Albanian Economic Growth

Çeljeta Sherifi and Güngör Turan
Additional contact information
Çeljeta Sherifi: Epoka University, Economics Department, Tirana, Albania

European Journal of Economics and Business Studies Articles, 2018, vol. 4

Abstract: This study presents the main causes and characteristics of the 2008 world financial crises, focusing on its impact on Albania`s economic growth; by examining the channels through which the global crises affected it. The methodology used to measure the impact of the crises is regression analysis and Johansen co-integration test, for exports and remittances as two important influencing components of GDP. The data is taken by INSTAT and World Bank on a quarterly basis, for 2004-2013 interval. The analysis showed that the crisis had a negative impact to a range of indicators causing a decline in emigrants’ remittances, exports, FDI, affecting so GDP and the entire economic growth of Albania.

Keywords: GDP; financial crisis; exports; FDI; Albania (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://brucol.be/index.php/ejes/article/view/5441 (text/html)
https://brucol.be/files/articles/ejes_v4_i1_18/Sherifi.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eur:ejesjr:215

DOI: 10.26417/ejes.v10i1.p290-305

Access Statistics for this article

More articles in European Journal of Economics and Business Studies Articles from Revistia Research and Publishing
Bibliographic data for series maintained by Revistia Research and Publishing ().