ECONOMIC PERFORMANCE IN POST-SOVIET AND POST-COMMUNIST COUNTRIES – EVIDENCE FROM PANEL DATA AND MULTIVARIATE STATISTICAL ANALYSIS

Main Article Content

Agata Szymańska

Abstract

The study examines the impact of a set of determinants of economic growth, which are widely emphasised in the literature, in a group of 27 selected post-Soviet, post-communist and transition countries from Central and Eastern Europe, the former Soviet Union, and Mongolia during 1997–2017. The set of baseline variables includes, among others, trade openness, investment rate, public consumption spending, and selected demographic factors. The methodology uses panel data and it is supported by multivariate statistical methods of grouping objects. The panel data used provides results that are mainly consistent with the literature review. However, the effects of demographic factors are rather not significant, but the role of investment has been emphasised. In turn, the multivariate statistical approaches indicate the shifts in regional de(similarity) between the analysed countries with respect to the performance of the selected variables over the last 20 years.

Article Details

How to Cite
Szymańska, A. (2021). ECONOMIC PERFORMANCE IN POST-SOVIET AND POST-COMMUNIST COUNTRIES – EVIDENCE FROM PANEL DATA AND MULTIVARIATE STATISTICAL ANALYSIS. The South East European Journal of Economics and Business, 16(2), 1-16. Retrieved from http://journal.efsa.unsa.ba/index.php/see/article/view/1431
Section
Scientific and Professional papers: Economics
Author Biography

Agata Szymańska, University of Lodz

Agata Szymańska, PhD
Assistant Professor
Institute of Economics
Faculty of Economics and Sociology
University of Lodz, Poland
E-mail: agata.szymanska@uni.lodz.pl
Address: 41/43 Rewolucji 1905 St.,
90-214 Lodz, Poland
ORCID: https://orcid.org/0000-0001-5184-931X