Investment dynamics in central and eastern Europe: a nonlinear approach
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comunitat-uji-handle3:10234/8644
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Title
Investment dynamics in central and eastern Europe: a nonlinear approachDate
2023-05-10Publisher
Informa UK Limited (Taylor & Francis Group)ISSN
1463-1377; 1465-3958Bibliographic citation
Estefanía Mourelle & Juan Carlos Cuestas (2023) Investment dynamics in central and eastern Europe: a nonlinear approach, Post-Communist Economies, 35:5, 496-512Type
info:eu-repo/semantics/articleVersion
info:eu-repo/semantics/acceptedVersionSubject
Abstract
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. [-]
Is part of
Post-Communist Economies Vol. 35, Issue 5 (2023)Funder Name
Generalitat Valencia | Universitat Jaume I
Project code
AICO/2021/005 | UJI-B2022-03
Rights
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- ECO_Articles [696]