<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Considering the potential factors that might generate economic growth, a target for any economy, this paper identified some determinants of economic growth in the countries from Central and Eastern Europe (CEE countries) that are member states of the European Union. The foreign direct investment was the most important determinant of economic growth in most of the countries (Bulgaria, Slovenia, Estonia, Hungary, Romania, Poland, Latvia, Lithuania) in the period 2003-2016, according to Bayesian bridge regressions. The indicators related to the level and the quality of labour resources proved to be insignificant in explaining the economic growth in these countries. Moreover, in Croatia, Estonia, Latvia, Lithuania, and Poland, the government expenditure on education had a negative effect on economic growth.</p></abstract>

Considering the potential factors that might generate economic growth, a target for any economy, this paper identified some determinants of economic growth in the countries from Central and Eastern Europe (CEE countries) that are member states of the European Union. The foreign direct investment was the most important determinant of economic growth in most of the countries (Bulgaria, Slovenia, Estonia, Hungary, Romania, Poland, Latvia, Lithuania) in the period 2003-2016, according to Bayesian bridge regressions. The indicators related to the level and the quality of labour resources proved to be insignificant in explaining the economic growth in these countries. Moreover, in Croatia, Estonia, Latvia, Lithuania, and Poland, the government expenditure on education had a negative effect on economic growth.

What Drives Economic Growth in Some CEE Countries?

Institute for Economic Forecasting of the Romanian Academy, Centre for Migration Studies in Prague Business School

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"What Drives Economic Growth in Some CEE Countries?"}

Considering the potential factors that might generate economic growth, a target for any economy, this paper identified some determinants of economic growth in...

What Drives Economic Growth in Some CEE Countries?

Online veröffentlicht: 24. März 2018

Seitenbereich: 46 - 56

Eingereicht: 01. Okt. 2017

Akzeptiert: 01. Feb. 2018

DOI: https://doi.org/10.2478/sues-2018-0004

Schlüsselwörter
economic growth, foreign direct investment, Bayesian ridge regression, CEE countries

© 2018 Mihaela Simionescu, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

What Drives Economic Growth in Some CEE Countries?

Online veröffentlicht: 24. März 2018

Seitenbereich: 46 - 56

Eingereicht: 01. Okt. 2017

Akzeptiert: 01. Feb. 2018

DOI: https://doi.org/10.2478/sues-2018-0004

Schlüsselwörtereconomic growth, foreign direct investment, Bayesian ridge regression, CEE countries

© 2018 Mihaela Simionescu, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Schlüsselwörter
economic growth, foreign direct investment, Bayesian ridge regression, CEE countries