The Effects of Recession: Cases of Lithuania and Ukraine

Authors

  • Jadvyga Ciburiene Kaunas University of Technology
  • Tatiana Orekhova Doneck State University

DOI:

https://doi.org/10.7250/eb.2014.004

Keywords:

contraction of economy, economic development, effects of recession, labour force

Abstract

The aim of this research is to describe and analyze the main effects of economic development after the recent financial crisis in Lithuania and Ukraine, which is one of economic cooperation partners of Lithuania. The article analyzes structural changes of economic activity in the countries (agriculture, industry, services) and the changes of the main macroeconomic indicators, gives classification of recession effects according to different criteria (factors causing them, time factor, the structure of economic activity).

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Published

12.08.2014

How to Cite

Ciburiene, J., & Orekhova, T. (2014). The Effects of Recession: Cases of Lithuania and Ukraine. Economics and Business, 25, 27-33. https://doi.org/10.7250/eb.2014.004