Investment dynamics in central and eastern Europe: a nonlinear approach
Metadatos
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INVESTIGACIONMetadatos
Título
Investment dynamics in central and eastern Europe: a nonlinear approachFecha de publicación
2023-05-10Editor
Informa UK Limited (Taylor & Francis Group)ISSN
1463-1377; 1465-3958Cita bibliográfica
Estefanía Mourelle & Juan Carlos Cuestas (2023) Investment dynamics in central and eastern Europe: a nonlinear approach, Post-Communist Economies, 35:5, 496-512Tipo de documento
info:eu-repo/semantics/articleVersión
info:eu-repo/semantics/acceptedVersionPalabras clave / Materias
Resumen
The aim of this article is to understand the dynamics of investment in Central and Eastern European Countries (CEECs). The role that investment plays in the economic development is of particular interest in these ... [+]
The aim of this article is to understand the dynamics of investment in Central and Eastern European Countries (CEECs). The role that investment plays in the economic development is of particular interest in these countries, as, on the one hand, they have experienced a transition to market economies and, on the other hand, they have joined the European Union. This study contributes to the related literature by resorting to nonlinear models, which give us a better and more flexible understanding of the behaviour of the dynamics of investment, in comparison to linear specifications. The aim is to analyse which economic fundamentals are behind the nonlinear behaviour, as stated by the theoretical literature, of our variable of interest. Our results evidence the importance of the macroeconomic conditions on the dynamics of investment in CEECs, particularly its own recent history and the cyclical state of the economy. [-]
Publicado en
Post-Communist Economies Vol. 35, Issue 5 (2023)Entidad financiadora
Generalitat Valencia | Universitat Jaume I
Código del proyecto o subvención
AICO/2021/005 | UJI-B2022-03
Derechos de acceso
info:eu-repo/semantics/openAccess
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- ECO_Articles [693]