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Vulnerability to foreign macroeconomic shocks - an empirical study in cross-industry perspective. Example of 2008-2009 global crisis in Europe*.

Authors :
Domańska, Agnieszka
Serwa, Dobromił
Source :
Folia Oeconomica Stetinensia; 2013, Vol. 13 Issue 1, p150-173, 24p
Publication Year :
2013

Abstract

The paper analyses the factors explaining the vulnerability of the European countries' industries to foreign trade and production downturn in the years 2008-2009 and attempts to identify branches and industries (or their features significant in this context) that most greatly contributed to the last crisis transmission in Europe, mainly through the slump in their trade. Among those factors we took into particular consideration: the level of specialization versus diversification of the export basket and production, trade openness in the cross-country and cross-industry perspective, the intra-industry/inter-industry structure of trade and the financial openness. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
17304237
Volume :
13
Issue :
1
Database :
Complementary Index
Journal :
Folia Oeconomica Stetinensia
Publication Type :
Academic Journal
Accession number :
95297930
Full Text :
https://doi.org/10.2478/foli-2013-0003