The Impact of Great Recession on Economic Growth and Inflation across Countries (2000-2015)

Student: Chernyshova Polina

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Bachelor)

Final Grade: 10

Year of Graduation: 2017

The years following the Great Recession have uncovered a dramatic change of growth trends around the globe, calling for new research on threshold rate and its effects on economic growth. In this paper we estimate the shift in the threshold level occurred during the crisis of 2008 by testing the dynamic panel data threshold model over samples of developing and developed countries on the period 2000-2015. We expected to indicate statistically significant threshold effects that differ for each sample and that changed in 2008. Findings of this study could be implemented for further models of mediate-term analysis on threshold effect on economic growth. Keywords: inflation, economic growth, threshold model, Great Recession.

Full text (added May 11, 2017)

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