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Foreign and Domestic Growth Drivers in Eastern Europe

URN to cite this document:
urn:nbn:de:bvb:355-epub-160148
Weber, Enzo
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Date of publication of this fulltext: 23 Jul 2010 07:44



Abstract

This paper analyses the growth effects of capital formation, exports and FDI as major drivers of economic development in Eastern Europe. The fundamental innovations are identified by empirically and theoretically motivated short- and long-run restrictions in structural cointegrated vector autoregressions. Impulse responses and variance decompositions reveal quite different growth effects in ...

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