Adjusted Net Savings of CEE and Baltic Nations in the Context of Sustainable Economic Growth: A Panel Data Analysis

Batrancea Larissa, Rathnaswamy Malar Maran, Batrancea Ioan, Nichita Anca, Rus Mircea-Iosif, Tulai Horia, Fatacean Gheorghe, Masca Ema Speranta and Morar Ioan Dan
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Batrancea Larissa: Faculty of Business, Babes-Bolyai University, 7 Horea Street, 400174 Cluj-Napoca, Romania
Rathnaswamy Malar Maran: Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania
Batrancea Ioan: Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania
Nichita Anca: Faculty of Economic Sciences, “1 Decembrie 1918” University of Alba Iulia, 15–17 Unirii Street, 510009 Alba Iulia, Romania
Rus Mircea-Iosif: National Institute for Research and Development in Constructions, Urbanism and Sustainable Spatial Development “URBAN INCERC”, 117 Calea Floresti, 400524 Cluj-Napoca, Romania
Tulai Horia: Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania
Fatacean Gheorghe: Faculty of Economics and Business Administration, Babes-Bolyai University, 58–60 Teodor Mihali Street, 400591 Cluj-Napoca, Romania
Masca Ema Speranta: Faculty of Economics and Law, “George Emil Palade” University of Medicine, Pharmacy, Science and Technology of Targu Mures, 38 Gheorghe Marinescu Street, 540566 Targu Mures, Romania
Morar Ioan Dan: Faculty of Economic Sciences, University of Oradea, 1 Universitatii Street, 410087 Oradea, Romania

JRFM, 2020, vol. 13, issue 10, 1-17

Abstract: The article investigates the contribution of adjusted net savings to sustainable economic growth for 10 Central and Eastern European and Baltic nations, which are former Soviet bloc nations known as transition economies, using panel data analysis for the period 2005–2016. Our results indicated that adjusted net savings impacted on the GDP across the 10 countries analyzed. Nevertheless, national authorities are called on to implement policy changes in these countries to achieve sustainable economic growth and make an efficient transition from a brown economy towards a green economy.

Keywords: adjusted net savings; GDP; sustainable economic growth; brown economy; green economy (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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