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

Year 2013, Volume: 5 Issue: 2, 65 - 74, 01.12.2013

Nuray Tezcan Ferimah Yılmaz

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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