ИНВЕСТИЦИОННА ДЕТЕРМИНИРАНОСТ НА ДИНАМИКАТА НА БВП В ИЗБРАНИ СТРАНИ ОТ ЦИЕ
INVESTMENT FACTORS DETERMINING THE GDP DYNAMICS IN SELECTED CEE COUNTRIES

Author(s): Nikolay Velichkov
Subject(s): Economy, National Economy
Published by: Икономически университет - Варна
Keywords: investment; economic growth; convergence; Eurozone
Summary/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.

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