Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach
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 abou...
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Högskolan Dalarna, Mikrodataanalys
2016
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ftunivdalarna:oai:DiVA.org:du-23274 2023-10-29T02:37:12+01:00 Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach Iasonidou, Sofia 2016 application/pdf http://urn.kb.se/resolve?urn=urn:nbn:se:du-23274 eng eng Högskolan Dalarna, Mikrodataanalys http://urn.kb.se/resolve?urn=urn:nbn:se:du-23274 info:eu-repo/semantics/openAccess Synthetic control matching treatment effects Greece Iceland comparative studies financial crisis Economics and Business Ekonomi och näringsliv Student thesis info:eu-repo/semantics/bachelorThesis text 2016 ftunivdalarna 2023-09-29T14:53:36Z 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. Bachelor Thesis Iceland Dalarna University: Publications (DiVA) |
institution |
Open Polar |
collection |
Dalarna University: Publications (DiVA) |
op_collection_id |
ftunivdalarna |
language |
English |
topic |
Synthetic control matching treatment effects Greece Iceland comparative studies financial crisis Economics and Business Ekonomi och näringsliv |
spellingShingle |
Synthetic control matching treatment effects Greece Iceland comparative studies financial crisis Economics and Business Ekonomi och näringsliv Iasonidou, Sofia Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach |
topic_facet |
Synthetic control matching treatment effects Greece Iceland comparative studies financial crisis Economics and Business Ekonomi och näringsliv |
description |
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. |
format |
Bachelor Thesis |
author |
Iasonidou, Sofia |
author_facet |
Iasonidou, Sofia |
author_sort |
Iasonidou, Sofia |
title |
Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach |
title_short |
Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach |
title_full |
Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach |
title_fullStr |
Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach |
title_full_unstemmed |
Estimating the effect of the 2008 financial crisis on GNI in Greece and Iceland: A synthetic control approach |
title_sort |
estimating the effect of the 2008 financial crisis on gni in greece and iceland: a synthetic control approach |
publisher |
Högskolan Dalarna, Mikrodataanalys |
publishDate |
2016 |
url |
http://urn.kb.se/resolve?urn=urn:nbn:se:du-23274 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://urn.kb.se/resolve?urn=urn:nbn:se:du-23274 |
op_rights |
info:eu-repo/semantics/openAccess |
_version_ |
1781061672057700352 |