INVESTMENT FACTORS DETERMINING THE GDP DYNAMICS IN SELECTED CEE COUNTRIES
Nikolay Velichkov ()
Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 452-461
Abstract:
This paper looks at the investment factors determining the real GDP dynamics in selected CEE countries. The dynamics of investments, their relative share in the GDP and their contribution to the economic growth are analyzed. In addition, an assessment of the degree of convergence of the relative weights of investment in GDP of the studied countries with respect to the Eurozone is made. The obtained empirical results demonstrate that, for the period up to 2008, stimulating effects of investment on the economic growth rates in the selected countries are typically observed, but also significant differences in its relative weight in GDP in relation to the Monetary Union of the EU. The post-2008 period is characterized by a decrease in deviations from the Eurozone, but this is at the expense of lower investment activity and a less stimulating role of the investment in real GDP growth.
Keywords: investment; economic growth; convergence; Eurozone (search for similar items in EconPapers)
JEL-codes: E22 F45 O11 O47 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:cfdide:y:2020:i:1:p:452-461
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