The resistance of the greater Baltic region states to market cycle changes

Bibliographic Data

ID13079735
AuthorsВ Л Бабурин (0000-0003-0180-3027, Lomonosov Moscow State University, corresponding author), Vyacheslav L Baburin
Year2019
Volume11
Issue1
Pages4-13
Publication date2019-03-01
Open AccessYes
TypeARTICLE
VenueBaltic Region (JOURNAL)
Journal identifiersISSN: 2310-0524 • E-ISSN: 2079-8555
PublisherImmanuel Kant Baltic Federal University (PUBLISHER • RU)
DOI10.5922/2079-8555-2019-1-1
OpenAlexW2937965713
LanguageEN
Citations received2
References cited5

A non-linear change process is a specific feature of a poorly regulated market economy. However, many researchers have shown that different economic sectors do not respond to market cycles in a similar way. Regional economic systems are a combination of many sectors, therefore a hypothesis about the correlation between the stability of regional economies and market cycles is examined. The study is conducted using the Baltic countries (hereinafter referred to as Greater Baltic Region, GBR) as an example. GBR countries have been classified into highly stable, relatively stable, unstable, and highly unstable based on the study of the stability of national economies to global cycle processes. The GDP dynamics of the countries were compared to GDP cycles of the US and the EU, which are the main financial centres. To understand the reasons, the sectoral structure of GDP is additionally considered. The results allow the author to classify of GBR countries according to the structure of economic sectors and the stability of the regional economy

Business cycle · Economic geography · Economic sector · Economics · Economy · International economics · Macroeconomics · Global Financial Crisis and Policies · Monetary Policy and Economic Impact · Regional Development and Policy

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