Global Financial Crises: the Impact on Albanian Economic Growth

  • Çeljeta Sherifi
  • Güngör Turan

Abstract

This study presents the main causes and characteristics of the 2008 world financial crises, focusing on its impact on Albania`s economic growth; by examining the channels through which the global crises affected it. The methodology used to measure the impact of the crises is regression analysis and Johansen co-integration test, for exports and remittances as two important influencing components of GDP. The data is taken by INSTAT and World Bank on a quarterly basis, for 2004-2013 interval. The analysis showed that the crisis had a negative impact to a range of indicators causing a decline in emigrants’ remittances, exports, FDI, affecting so GDP and the entire economic growth of Albania.
Published
May 13, 2018
How to Cite
SHERIFI, Çeljeta; TURAN, Güngör. Global Financial Crises: the Impact on Albanian Economic Growth. European Journal of Economics and Business Studies, [S.l.], v. 10, n. 1, p. 290-305, may 2018. ISSN 2411-9571. Available at: <http://journals.euser.org/index.php/ejes/article/view/3261>. Date accessed: 20 may 2018. doi: http://dx.doi.org/10.26417/ejes.v10i1.p290-305.