Intensification of Disparities between New Member State – Consequence of Capital Flow

Moise Elena () and Dârzan Mihaela ()
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Moise Elena: Romanian American University
Dârzan Mihaela: Romanian American University

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 1381-1385

Abstract: The beginning of the 90’s transitional period generated a significant increase of loans, in Eastern, South Eastern and Central Europe. The challenges that period brought were successfully overcome by the countries with flexible economies. Lately, the uncontrolled evolution of the credits determined a rapid growth, but also a bigger recession, especially for the countries with less consolidated economy. The opening of economies represented an opportunity for new investments, especially due to the governmental targets to increase the convergence with the Western Europe countries.

Keywords: capital flow; FDI; economic growth; economic indicators. (search for similar items in EconPapers)
JEL-codes: E20 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:1381-1385

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