The Impact of Institutions on Economic Growth in Central and Eastern Europe

2013 ◽  
Author(s):  
Matthew M. C. Allen ◽  
Maria L. Aldred
Keyword(s):  
Economic Growth ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
The Impact

scholarly journals Formalization of the impact of imbalances in the movement of financial resources on economic growth of countries in Central and Eastern Europe

2017 ◽  
Vol 1 (1) ◽  
pp. 48-58 ◽  
Author(s):  
Serhiy Kozmenko ◽  
Maxim Korneyev
Keyword(s):  
Economic Growth ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Positive Impact ◽  
Financial Resources ◽  
Long Run ◽  
The Impact

The article deals with the impact of financialization on economic growth in countries of Central and Eastern Europe. It determinesthe impact of imbalances in the movement of financial resources caused by financialization on economic growth of these countries. It proves that the implementation of measures aimed at increasing the openness of the economy and maintaining solvent demand have a positive impact on economic growth of the surveyed countries in the long run. It also proves the importance of developing a set of measures of strategic nature regulating imbalances in the movement of financial resources caused by financialization.

scholarly journals The Impact of Foreign Direct Investments and Remittances on Economic Growth: A Case Study in Central and Eastern Europe

2018 ◽  
Vol 10 (1) ◽  
pp. 238 ◽  
Author(s):  
Calin-Adrian Comes ◽  
Elena Bunduchi ◽  
Valentina Vasile ◽  
Daniel Stefan
Keyword(s):  
Economic Growth ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Foreign Direct Investments ◽  
The Impact

scholarly journals The Impact of Fiscal Decentralization on Economic Growth in Central and Eastern Europe

2020 ◽  
Vol 9 (3) ◽  
pp. 215
Author(s):  
Volodymyr Korotun ◽  
Tetiana Kaneva ◽  
Anton Drepin ◽  
Liudmyla Levaieva ◽  
Svitlana Kucherenko
Keyword(s):  
Economic Growth ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Fiscal Decentralization ◽  
Property Taxes ◽  
The Real Estate ◽  
Gdp Growth Rate ◽  
Tax Autonomy ◽  
Eastern European Countries ◽  
The Impact

In this research, we evaluated the impact of fiscal decentralization on GDP per capita growth. Using the unbalanced panel data, the authors assessed the interconnections between fiscal decentralization – considering its expenditure and revenue aspects as well as tax autonomy – and economic growth for Central and Eastern European countries from 1995 to 2018. In the examined states, the expenditure decentralization exceeded the revenue one. We found out that revenue decentralization and tax autonomy adversely affected economic growth. But expenditure decentralization associated with a positive GDP growth rate. In this paper, we also explored the peculiarities of fiscal decentralization reform. Structural transformations radically reduced the size of the public sector in Central and Eastern Europe, which had a positive effect on the economy. The vital components of local budgets tax revenues are personal income tax and the property taxes. The most effective mechanism for the property tax base’s determination arises from the value of the real estate or land. Keywords: fiscal policy, fiscal decentralization, tax autonomy, property taxes, economic growth

scholarly journals Economic Development and Growth in Central and Eastern Europe

2021 ◽  
Vol 24 (4) ◽  
pp. 69-84
Author(s):  
Csilla Polster
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Driving Forces ◽  
Developed Countries ◽  
Eastern European ◽  
The European Union ◽  
Migration Activity ◽  
Member States

The study investigates the economic growth in Central and Eastern Europe in the last 25 years. The economy can be regarded as a substantial topic in any country, but it is even more interesting in developing countries. One of the basic ideas of the European Union is the convergence between member states, namely the reduction of development disparities, which can be achieved through faster economic growth in less‑developed countries. Growth theory is one of the main topics in economics. Its significant importance is because the desire for development is one of the main driving forces of mankind. The aim of the study is to reveal the crucial differences and common features between the growth paths of the eleven Central and Eastern European member states of the European Union. After presenting growth theories, the growth performance of the examined Central and Eastern European member states is pinpointed. During the research, GDP per capita, population, migration, activity rate, employment rate, unemployment rate, foreign direct investment and foreign trade openness are considered.

scholarly journals Financialization and Income Inequality in Selected European Countries, 2004–2013

e-Finanse ◽  
2017 ◽  
Vol 12 (4) ◽  
pp. 20-32
Author(s):  
Grzegorz Golebiowski ◽  
Piotr Szczepankowski ◽  
Dorota Wisniewska
Keyword(s):  
Income Inequality ◽  
Eastern Europe ◽  
Gini Coefficient ◽  
Central And Eastern Europe ◽  
Value Added ◽  
European Countries ◽  
Total Employment ◽  
The Gini Coefficient ◽  
Synthetic Indicator ◽  
The Impact

Abstract The article examines the impact of financialization on income inequality between 2004 and 2013, through a panel analysis of seven European countries. Moreover, it attempts to examine differences in the perception of the phenomenon between the selected European countries belonging to the G-7 and countries from Central and Eastern Europe. The results demonstrate the existence of individual effects, which means that the level of inequality under examination is influenced predominantly by country-specific factors. The most significant correlation is noticeable between the level of unemployment and the degree of income inequality. An increase in unemployment is accompanied by a rise in the disproportions in the level of income that individual citizens have at their disposal whereas a decrease in the unemployment level contributes to an improvement of the GINI coefficient. Simultaneously, the results confirm the existence of significant correlations between the level of the GINI coefficient and such financialization indicators as the share of employment in finance in total employment and the contribution of the financial sector to total value added creation. The most prominent dependency was discovered when a constructed synthetic indicator was adopted as an indicator of financialization. At the same time, analysis of the synthetic country financialization indicator points to a conclusion that the level of financialization is higher in European countries belonging to the G-7 (especially Great Britain) than in countries from Central and Eastern Europe.

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