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Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach
Dalarna University, School of Technology and Business Studies, Microdata Analysis.
2016 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The purpose of this thesis is to conduct a comparative study in order to estimate the impact of the financial crisis to the GNI of Greece and Iceland. By applying synthetic control matching (a relatively new methodology) the study intends to compare the two countries, thus deducting conclusions about good or bad measures adopted. The results indicate that in both cases the adopted measures were not the optimal ones, since the synthetic counterfactual appear to perform better than the actual Greece and Iceland. Moreover, it is shown that Iceland reacted better to the shock it was exposed. However, different characteristics of the two countries impede the application of Icelandic actions in the Greek case.

Place, publisher, year, edition, pages
2016.
Keyword [en]
Synthetic control matching, treatment effects, Greece, Iceland, comparative studies, financial crisis
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:du-23274OAI: oai:DiVA.org:du-23274DiVA: diva2:1039483
Available from: 2016-10-24 Created: 2016-10-24

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