| Popis: |
In 2008 the global financial crisis on economic conjuncture had affected on not only developed and developing countries but also remarkably on transition economies. Effects of financial crisis in 2008 showed up impacts on developed countries in 2008, on the other hand, it is known that the reflection of crisis has emerged in 2009. In this study, it is examined that transition economies has moved different depends on time, additionally the phenomenon of facing crisis has followed heterogeneous patterns transition economies in 2009 the while transition economies has seemed as showing homogenous economic performances/movements on either specification or previously their structure. It is analysed in three cluster using classification of chosen countries. Among chosen countries, taking place in same cluster Belarus, Cambodia, Kazakhstan, Lao, Latonia, Lithuania, Romania and Russia between 2007 and 2010 have responded similar to both input and output of crisis. Moreover, the cluster for Kirgizstan, Macedonia and Moldova is determined as the most moving group between clusters and this group, which moved homogeneously within cluster, is affected on crisis differed from other countries. The cluster analysis has been investigated with 20 transition economies has appropriate data and it is determined that the relatively low level of current account economies has weak impact on the crisis contagion; while the exit from crisis is created stronger effects in the relatively high level of domestic savings economies. |
