World economy and international economic relations

Economic situation in Norway after the outbreak of the global financial and oil crises in the context of EU integration trends

Economic Annals-XXI

Economic Annals-ХХI: Volume 169, Issue 1-2, Pages: 12-14

Citation information: Lipková, L., & Hovorková, K. (2018). Economic situation in Norway after the outbreak of the global financial and oil crises in the context of EU integration trends. Economic Annals-XXI, 169(1-2), 12-14. doi: https://doi.org/10.21003/ea.V169-02

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Ľudmila Lipková
D.Sc. (Economics),
Professor,
University of Economics in Bratislava
1 Dolnozemská cesta Str., Bratislava, 85235, Slovak Republic
lipkova@euba.sk

Katarína Hovorková
PhD Student (Economics),
University of Economics in Bratislava
1 Dolnozemská cesta Str., Bratislava, 85235, Slovak Republic
hovorkova.katarina@yahoo.com
ORCID ID: https://orcid.org/0000-0002-9092-0294

Economic situation in Norway after the outbreak of the global financial and oil crises in the context of EU integration trends

Abstract. This research presents an analysis of influence of the global financial crisis and the following oil crisis on the EU integration trends in Norway. Our aim is to deduct the impact of the oil and gas industry on the economic situation and prosperity of Norway and indicate the effect of political and economic stability on the EU integration. The results of this research indicate that Norway prefers to stay outside the EU integration in times of crises as well, mainly due to significant profits from the petroleum industry, the country’s ability to recover after crises and strong governmental support to stabilize the economy.

Keywords: Norway; Financial Crisis; Oil Crisis; EU Membership

JEL Classification: F02; F15; E60

DOI: https://doi.org/10.21003/ea.V169-02

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Received 25.02.2018

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