Business demography and economic growth: similarities and disparities in 10 European Union countries

Autor: Jean Vasile Andrei, Luminita Chivu, Rodica-Manuela Gogonea, Silvia Elena Iacob, Aurelia Patrascu, Constanta Popescu, Mile Vasic, Marian Zaharia
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: Journal of Business Economics and Management, Vol 22, Iss 5, Pp 1160-1188 (2021)
Druh dokumentu: article
ISSN: 1611-1699
2029-4433
DOI: 10.3846/jbem.2021.15067
Popis: The main research aim is to investigate and test the long-term existence of a balanced relationship (cointegration) between business demographics and economic growth, expressed in terms of real GDP per capita, and to estimate the econometric models expressing relationships between analyzed variables in European economy. Our The study has focused on ten out of the eleven former communist countries, currently members of the European Union, during the 2006–2016 time period. Croatia was left out due to the shortness of the time series available for it, that the study would have required. These findings have significant implications in designing and shaping the future business models in European former communist countries, and increase convergence. The results obtained confirm the existence of long-term balanced relationships between the variables examined, the forms of which however vary from one cluster of states to another.
Databáze: Directory of Open Access Journals