Belke, Ansgar; Dreger, Christian; Dubova, Irina - 2016
, China) countries. The results reveal a strong impact of international variables on GDP growth. In contrast to the other … countries, China plays a crucial role in de-termining global trade and oil prices. Hence, the change in the Chinese growth … markets turned out to be less persistent. Despite the modest recovery in advanced economies, GDP growth declined in emerging …