Thriving and Surviving Activities of Households During the Crisis Period

What is it about?

The article explains how households simultaneously rely on thriving and surviving activities in the crisis period. While the literature explains these activities mainly as separate concepts, we provide empirical evidence that number of households simultaneously use the both activities to cope with the effect of crisis. We use survey data and an endogenous model estimated by the seemingly unrelated bivariate probit method.

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Why is it important?

The article explores the effect of the latest crisis focusing on the South-East European region, and as such provides empirical evidence based on targeted data collected in the whole region.

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