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Introduction

In: From Crisis to Recovery

Author

Listed:
  • Thierry Bracke

    (European Central Bank)

  • Reiner Martin

    (European Central Bank)

Abstract

Following years of sustained economic growth and rapid convergence in income levels towards western European standards, emerging Europe was severely hit by the shockwaves of the global economic crisis that started with the collapse of Lehman Brothers in October 2008. These shockwaves, compounded by domestic economic weaknesses, triggered a recession, or at least a severe slowdown, across Central, Eastern and South-Eastern Europe. As of the second half of 2011, the region was partly recovering from this slowdown, but the outlook remained extremely uncertain. While some data suggested that economic recovery was returning and gaining traction, downside risks still loomed large, as the global outlook remained highly uncertain and domestic vulnerabilities continued to act as a drag on growth in some countries.

Suggested Citation

  • Thierry Bracke & Reiner Martin, 2012. "Introduction," Palgrave Macmillan Books, in: Thierry Bracke & Reiner Martin (ed.), From Crisis to Recovery, pages 1-5, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-03483-0_1
    DOI: 10.1057/9781137034830_1
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    Cited by:

    1. Alexander Vinel & Pavlo Krokhmal, 2014. "On Valid Inequalities for Mixed Integer p-Order Cone Programming," Journal of Optimization Theory and Applications, Springer, vol. 160(2), pages 439-456, February.
    2. Andrew Burke & Holger Görg & Aoife Hanley, 2008. "The impact of foreign direct investment on new firm survival in the UK: evidence for static versus dynamic industries," Small Business Economics, Springer, vol. 31(4), pages 395-407, December.
    3. Sourafel Girma & Holger Görg, 2004. "Outsourcing, Foreign Ownership, and Productivity: Evidence from UK Establishment‐level Data," Review of International Economics, Wiley Blackwell, vol. 12(5), pages 817-832, November.
    4. Girma, Sourafel & Görg, Holger, 2003. "Evaluating the Causal Effects of Foreign Acquisition on Domestic Skilled and Unskilled Wages," IZA Discussion Papers 903, Institute of Labor Economics (IZA).
    5. Rachel Griffith & Helen Simpson, 2004. "Characteristics of Foreign-Owned Firms in British Manufacturing," NBER Chapters, in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980–2000, pages 147-180, National Bureau of Economic Research, Inc.
    6. Ralf Martin, 2005. "Productivity Dispersion, Competition and Productivity Measurement," CEP Discussion Papers dp0692, Centre for Economic Performance, LSE.
    7. Frisén, Marianne, 2008. "Introduction to financial surveillance," Research Reports 2008:1, University of Gothenburg, Statistical Research Unit, School of Business, Economics and Law.
    8. Sourafel Girma & Holger Görg, 2016. "Evaluating the foreign ownership wage premium using a difference-in-differences matching approach," World Scientific Book Chapters, in: MULTINATIONAL ENTERPRISES AND HOST COUNTRY DEVELOPMENT Volume 53: World Scientific Studies in International Economics, chapter 2, pages 17-32, World Scientific Publishing Co. Pte. Ltd..
    9. Janaina Pamplona da Costa, 2015. "Network (Mis)Alignment, Technology Policy and Innovation: The Tale of Two Brazilian Cities," SPRU Working Paper Series 2015-14, SPRU - Science Policy Research Unit, University of Sussex Business School.
    10. Sibiko, Kenneth Waluse, 2012. "Determinants of Common Bean Productivity and Efficiency: A Case of Smallholder Farmers in Eastern Uganda," Research Theses 134500, Collaborative Masters Program in Agricultural and Applied Economics.
    11. Rachel Griffith & Stephen Redding & Helen Simpson, 2004. "Foreign Ownership and Productivity: New Evidence from the Service Sector and the R&D Lab," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 20(3), pages 440-456, Autumn.
    12. Griffith, Rachel & Redding, Stephen & Simpson, Helen, 2002. "Productivity Convergence and Foreign Ownership at the Establishment Level," CEPR Discussion Papers 3765, C.E.P.R. Discussion Papers.
    13. Jiong Sun & Laurens G. Debo & Sunder Kekre & Jinhong Xie, 2010. "Component-Based Technology Transfer in the Presence of Potential Imitators," Management Science, INFORMS, vol. 56(3), pages 536-552, March.
    14. Elke Kümmel & Joachim Kimmerle, 2020. "The Effects of a University’s Self-Presentation and Applicants’ Regulatory Focus on Emotional, Behavioral, and Cognitive Student Engagement," Sustainability, MDPI, vol. 12(23), pages 1-21, December.
    15. Sourafel Girma, & Holger Görg, 2003. "Foreign direct investmant, spillovers and absorptive capacity: Evidence from quantile regressions," The Institute for International Integration Studies Discussion Paper Series iiisdp01, IIIS.
    16. Girma, Sourafel & Görg, Holger, 2001. "Blessing or Curse? Domestic Plants' Survival and Employment Prospects After Foreign Acquisition," CEPR Discussion Papers 2994, C.E.P.R. Discussion Papers.
    17. Helen Simpson, 2012. "How do Firms’ Outward FDI Strategies Relate to their Activity at Home? Empirical Evidence for the UK," The World Economy, Wiley Blackwell, vol. 35(3), pages 243-272, March.
    18. Kondor, Imre & Pafka, Szilard & Nagy, Gabor, 2007. "Noise sensitivity of portfolio selection under various risk measures," Journal of Banking & Finance, Elsevier, vol. 31(5), pages 1545-1573, May.
    19. M. Senthil Kumar & A. Joseph Thatheyus & D. Ramya, 2016. "Biotreatment of Sewage using the Amazon Sailfin Catfish, Pterygoplichthys pardalis," Academic Journal of Life Sciences, Academic Research Publishing Group, vol. 2(7), pages 41-49, 07-2016.
    20. Velling, Johannes, 1995. "Die Arbeitserlaubnis als Instrument der Arbeitsmarktpolitik zur Steuerung internationaler Zuwanderung auf den Arbeitsmarkt," ZEW Discussion Papers 95-16, ZEW - Leibniz Centre for European Economic Research.
    21. Patricia C. Melo & Daniel J. Graham, 2014. "Testing for labour pooling as a source of agglomeration economies: Evidence for labour markets in England and Wales," Papers in Regional Science, Wiley Blackwell, vol. 93(1), pages 31-52, March.
    22. Laura Abramovsky & Rachel Griffith, 2009. "ICT, corporate restructuring and productivity," IFS Working Papers W09/10, Institute for Fiscal Studies.

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