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

Yıl 2013, Cilt: 5 Sayı: 2, 65 - 74, 01.12.2013

Nuray Tezcan Ferimah Yılmaz

Öz

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.

Anahtar Kelimeler

Crisis, G8, G20, Panel Data Analysis

Kaynakça

• Salvatore, Dominic (1995) International Economics, Prentice Hall, Upper Saddle River, NJ, USA
• Kazgan, Gülten (2002) Globalization and Nation, Istanbul Bilgi University Press, No:5, Istanbul
• Baltagi, Badi H. (2003) Econometric Analysis of Panel Data, Second Edition, John Wiley&Sons
• Cameron, A.Colin, Trivedi, K.Pravin (2005) Microeconometrics: Methods and Applications,
• Cambridge University Press Boratav, Korkut (2009) Globalization, Crisis and Neoliberal Transformation in Turkey, Edited by
• Nergis Mütevellioğlu and Sinan Sömez, İstanbul Bilgi University Press, No:234, Istanbul Rodrik, Dani (2009) “The Turkish Economy after the Crisis”, TEK-Turkish Economics
• Association Discussion Paper 2009/9
• Felton A., Reinhart C. (2008) “The First Global Financial Crisis of the 21st Century”, Edited by
• Andrew Felton and Carmen Reinhart, Centre for Economic Policy Research (CEPR), A VoxEU.org Publication, UK, June 2008
• World Bank www.worldbank.org Group of 20 http://www.g20.org/docs/about/about_G20.html