Theoretical and Applied Economics
No. 1 / 2022 (630), Spring
Economic resilience in Central and Eastern European countries
Bucharest University of Economic Studies, Romania
Georgiana BALABAN
Bucharest University of Economic Studies, Romania
Cosmin MARINESCU
Bucharest University of Economic Studies, Romania
Abstract. Interest in economic resilience has been rising particularly in the aftermath of the GFC. Since then, the experience has highlighted how a lack of resilience can have noteworthy and persistent harmful effects not only on the countries distressed, but also spill-overs on other countries. This topic is particularly relevant nowadays since the current health crisis came with rising vulnerabilities and increasing imbalances.
The aim of this paper is threefold: (i) to distil features of economic resilience underlined in previous works and carefully select those most relevant for the CEE member states, (ii) to gauge the degree of resilience of individual CEE country through a composite index, and (iii) to highlight the temporal dimension of economic resilience.
This article underlines notable differences in the resilience of CEE countries, heterogeneity caused by a combination of economic, social and institutional factors. To quickly visualize the degree of economic resilience across CEE countries, we constructed a heatmap illustrating the strengths and weaknesses of each individual economy, reflecting differences across economies in the depth of the crisis, but also in their ability to recover.
Keywords: economic resilience, CEE countries, composite indicator.
Contents
- Economic resilience
in Central and Eastern European countries
Elena-Mădălina ZAMFIR (AVRAM)
Georgiana BALABAN
Cosmin MARINESCU
- Romania's economy on the threshold of recession
Constantin ANGHELACHE
Mădălina-Gabriela ANGHEL
Ștefan Virgil IACOB
- Testing the Marshall-Lerner condition for Romania
Ecaterina TOMOIAGA
Monica Ioana POP SILAGHI
- Empirical evidence to the nonmonotonic relationship
between public health expenditure and economic growth
Swapnanil SENGUPTA
- Institutional quality and public healthcare
Kashish TIBREWAL
Saswati CHAUDHURI
- Consequences of the Covid-19 epidemic
on hygiene purchase behavior
Elena Rusalca VELICU
Ovidiu Andrei Cristian BUZOIANU
Carol Cristina GOMBOS
Ana Maria BOLAHAN
- Banking management
in the prism liquidity – profitability interrelation
Valentin PAUNA
Amelia DIACONU
Svetlana PLATAGEA GOMBOS
Raluca Iuliana GEORGESCU
- The impact of foreign direct investment on the economy
of Bangladesh: A time-series analysis
Mohammad Abdullah Al FAISAL
Mohammed Saiful ISLAM
- Does gravity work in the context of India
and ASEAN bilateral trade?
An application of the FGLS method
Saba GULNAZ
Hemlata MANGLANI
- The dynamics of India – ASEAN trade
with special reference to manufactured exports
and their technological composition
Nikhat KHALID
Saba ISMAIL
- How does Israel share Palestinians
their international aid
Mahmoud M. SABRA
- Attention economy and higher-order beliefs
in voters’ online attention searches
Paritosh Chandra SINHA
- Volatility and asymmetric analysis
of Indian indices during Covid-19 pandemic period
S. Shameem BANU
N.S. SHIBU