External Financial Conditions and Slower Growth in Emerging Economies: 2013–2015

Ece H. Guleryuz

A chapter in Global Financial Crisis and Its Ramifications on Capital Markets, 2017, pp 165-174 from Springer

Abstract: Abstract Emerging economies have experienced a slower economic growth period in the aftermath of the global financial crisis. In this chapter we examine the important external and internal conditions that were effective in causing growth deterioration in emerging economies during the period 2013–2015. We utilize a pooled panel ordinary least squares (OLS) estimation using a sample containing 68 countries. Regarding the external conditions, emerging market economies experienced growth deceleration when (i) the current account deficit increased, (ii) trading partners’ import demand decreased, and (iii) the terms of trade deteriorated. Furthermore, we find that certain internal conditions, such as higher consumer prices, a more expansionary fiscal policy, more government borrowing, lower investment, and lower labor force participation, significantly contributed to the economic growth decline.

Keywords: Labor Force Participation; Euro Area; Inflation Rate; Real Interest Rate; Global Financial Crisis (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:conchp:978-3-319-47021-4_13

Ordering information: This item can be ordered from
http://www.springer.com/9783319470214

DOI: 10.1007/978-3-319-47021-4_13

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().