Economics at your fingertips  

Globalisation, Economic Growth and COVID-19. Insights from International Finance

Monica RAILEANU Szeles () and Corina Saman ()
Additional contact information
Monica RAILEANU Szeles: Transilvania University of Brasov, and Institute for Economic Forecasting, Romanian Academy.
Corina Saman: Institute for Economic Forecasting and Institute of Agricultural Economics, Romanian Academy.

Journal for Economic Forecasting, 2020, issue 3, 78-92

Abstract: This paper examine whether the globalisation positive and negative side effects on economic growth significantly differ across the European Union’s Member States, by focusing on a set of indicators from the area of international finance. The empirical results derived from a set of Eurostat panel data guide us to formulate a set of policy recommendations intended to overcome and ease the adverse shocks that may prevail in the EU economies during and after global crises, such as the Covid-19 pandemic. The paper finds that the foreign controlled companies significantly influence the foreign direct investment inflows and economic growth, but their impact is different across the EU countries, with significant differences between the New and Old Member States. Although common EU initiatives and policies are needed to overcome the side effects of globalisation manifested through global crises, national reactions and measures are needed too, especially on short term.

Keywords: : globalisation; Covid-19; economic growth (search for similar items in EconPapers)
JEL-codes: F62 F65 C23 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)

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:

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ().

Page updated 2020-11-28
Handle: RePEc:rjr:romjef:v::y:2020:i:3:p:78-92