An Empirical Investigation on Determinants of Sustainable Economic Growth. Lessons from Central and Eastern European Countries

Abstract

<jats:p>The study focuses on the effects of imports, exports, financial direct investment inflow and financial direct investment outflow on sustainable economic growth expressed by various macroeconomic indicators (gross domestic product, gross domestic savings, gross domestic capital) using the least squares panel method. Sample data were selected for ten Central and Eastern European (CEE) countries and the time frame considered was 2005–2016. Generally, transitional economies have to incorporate strong savings and a steady capital formation in order to achieve higher economic growth via foreign direct investment. Results showed that the analyzed factors played a major role in the sustainable economic growth of CEE countries. Another important and valuable insight of this study is that the financial sector steers the process of achieving sustainable economic growth across CEE countries.</jats:p>

Impact of COVID-19 pandemic disease outbreak on the global equity markets

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Has COVID-19 pandemic crisis changed the EU convergence patterns?

“…However, the findings presented above have stated that CEE area achieved real convergence and the entire EU area convergence relied on the significant economic growth of the CEE area. Ioan et al (2020) have demonstrated that CEE economies have achieved strong saving and capital formation convergence in order to achieve higher economic growth. High trade openness, solid financial and banking sectors, and large FDI inflows supported the steady economic growth of the CEE economies before the crisis, but also during and after global economic crisis.…”

Migration and Sustainable Development: The Use of Ukrainian Workers’ Potential on the Polish Labour Market

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