[Andersen, C. (2009). Latvia Caught in Vicious Economic Downturn. IMF Survey Magazine: Countries and Regions. Available from: http://www.imf.org/external/pubs/ft/survey/so/2009/car052809a.htm). [Accessed: 25 September 2011].]Search in Google Scholar
[Arpaia, A., Curci, C. (2010) EU labour market behaviour during the Great Recession. Econ Papers 405.]Search in Google Scholar
[Barufaldi, D. (2008) A Review of Past Recessions. Investopedia. Available from: http://www.investopedia.com/articles/economics/08/past-recessions.asp. [Accessed 30 September 2011].]Search in Google Scholar
[Bernanke, B.S. (2001). Essays on the Great Depression. Princeton University Press.]Search in Google Scholar
[Bureau of Economic Analysis (2010). Available from: http://www.bea.gov. [Accessed 30 September 2011].]Search in Google Scholar
[Buti, M. (ed.). (2009). Economic crisis in Europe: Causes, Consequences and Responses. European Economy 7, Luxembourg.]Search in Google Scholar
[Communication from the Commission to the European Council - A European Economic Recovery Plan. (2008). Brussels. Available from: http://ec.europa.eu/economy_finance/publications/publication13504_en.pdf. [Accessed 4 October 2011].]Search in Google Scholar
[Eichengreen, B., O´Rourke, K. (2010). What do the new data tell us. VOX 3. Available from: http://www.voxeu.org/index.php?q=node/3421. [Accessed 30 September 2011].]Search in Google Scholar
[Eurostat (2011). Available from: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat /home/. [Accessed 12 September 2011].]Search in Google Scholar
[Falk, M., Sinabell, F. (2009). A spatial econometric analysis of the regional growth and volatility in Europe. Empirica 36(2), pp. 193-207 DOI: 10.1007/s10663-008-9078-z 10.1007/s10663-008-9078-z]Search in Google Scholar
[Gaggl, P., Kaniovski, S., Prettner, K., Url, T. (2009). The short and long-run interdependencies between the Eurozone and the USA. Empirica 36(2), pp. 209-227.10.1007/s10663-008-9081-4]Search in Google Scholar
[Gascon, C.S. (2009). The Current Recession: How Bad Is It? Econ Synopses 4:1-2. Available from: http://research.stlouisfed.org/publications/es/09/ES0904.pdf. [Accessed: 2 October 2011].]Search in Google Scholar
[IMF Survey Magazine: Countries and Regions (2010). After Severe Recession, Stabilization in Latvia. Available from: http://www.imf.org/external/pubs/ft/survey/so/2010/car021810a.htm. [Accessed 30 September 2011].]Search in Google Scholar
[Haddad, M, Lim, J. J., Pancaro, C., Saborowski, C. (2013). Trade openness reduces growth volatility when countries are well diversified, Canadian Journal of Economics, Volume 46, Issue 2, pp. 765-790. DOI: 10.1111/caje.1203110.1111/caje.12031]Search in Google Scholar
[Kouretas, G. P., Vlamis, P. (2010). The Greek Crisis: Causes and Implications. Panoeconomicus, 4, pp. 391-404. DOI: 10.2298/PAN1004391K 10.2298/PAN1004391K]Search in Google Scholar
[Krugman, P. (2008). European Crass Warfare. The New York Times. Available from: http://www.nytimes.com/2008/12/15/opinion/15krugman.html. [Accessed 12 October 2011].]Search in Google Scholar
[Mazurek, J., Mielcová, E. (2013). The Evaluation of Economic Recession Magnitude: Introduction and Application, Prague Economic Papers 2013(2), pp. 182-205. DOI: 10.18267/j.pep.44710.18267/j.pep.447]Search in Google Scholar
[Moore, G.H. (1967). What is a Recession? Amer. Stat., 21, pp. 16-19.]Search in Google Scholar
[Newson, B. (2009). Recession in the EU-29: Length and Depth of the Downturn Varies Across Activities and Countries. Eurostat: Industry, Trade and Services 97. Available from: http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-SF-09-097/EN/KS-SF-09-097-EN.PDF. [Accessed 28 September 2011].]Search in Google Scholar
[O’Brian, R. M. (2007). A Caution Regarding Rules of Thumb for Variance Inflation Factor. Quality and Quantity, 41, pp.673-690. DOI: 10.1007/s11135-006-9018-610.1007/s11135-006-9018-6]Search in Google Scholar
[OECD (2010). 2010 Annual statistics. Available from: https://data.oecd.org/pop/population.htm.]Search in Google Scholar
[Rémond-Tiedrez, I. (2009). Recession in the EU-27: output measures. Eurostat - Statistics in focus 17/2009.]Search in Google Scholar
[World Bank (2015). Available from: http://data.worldbank.org/indicator/NY.GDP.PCAP.CD/countries?display=default. [Accessed 12 April 2016].]Search in Google Scholar
[World Bank (2016). Available from: http://data.worldbank.org/indicator/NE.TRD.GNFS.ZS. [Accessed 12 April 2016]. ]Search in Google Scholar