WHO’S IN CRISIS? A COMPARATIVE ANALYSIS BETWEEN G20 COUNTRIES

Abstract

The aim of the study is to investigate the effects of the current crisis on G20 countries. Some of them, especially G8 countries, has more affected from 2008 crisis. For this reason, G20 countries are divided into two groups according to their GDP, respectively G8 and the rest eleven countries. To determine the effect of crisis, panel data is used and data set covers the period of 2000-2011. According to the results obtained from all analysis, it can be seen that FDI, inflation and real interest rate are effective factors on GDP growth for G8 countries whereas only real interest rate influences GDP growth for the Rest countries for the period 2000-2011.

Keywords

• Crisis, G8, G20, Panel Data Analysis

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