scholarly journals IMF programs and policies assessment in the transition economies during the transition and the post-transition period

2016 ◽  
Vol 3 (2) ◽  
pp. 102-127
Author(s):  
Sotirios K. Bellos
Keyword(s):  
Panel Data ◽  
Transition Economies ◽  
Impact Evaluation ◽  
Transition Period ◽  
Transition Countries ◽  
Export Promotion ◽  
Financial Assistance ◽  
Imf Programs ◽  
Fdi Attraction

Abstract We analyze empirically whether IMF financial assistance in 31 transition countries, during the transition and the post-transition period, has achieved the purposes stated in the IMF's own articles of agreement, namely employment enhancement, confidence provision and export promotion. By employing panel data and impact evaluation analysis, we find that IMF presence persistently fails to be correlated with upgrades in sovereign rating, FDI attraction and employment improvement. By focusing on specific IMF policies, we present some intriguing results, which reveal whether these individual policies actually contribute to the achievement of the official IMF purposes or not.

scholarly journals Material Well-being and Happiness in Transition Countries

2017 ◽  
Vol 20 (2) ◽  
pp. 21-32 ◽  
Author(s):  
Marko Družić ◽  
Martina Majstorović
Keyword(s):  
Panel Data ◽  
Transition Economies ◽  
Full Employment ◽  
Well Being ◽  
Transition Countries ◽  
Additional Research ◽  
Gdp Growth ◽  
Macroeconomic Variables ◽  
The World ◽  
The Subject

Abstract The purpose of this paper is to further the research of the connection between material well-being and happiness in transition economies. We analyzed panel data obtained from the World Database of Happiness and Eurostat. Our results indicate that out of all the major macroeconomic variables (GDP, employment, inflation, taxes etc.), the most significant (and the only stable) predictor of changes in happiness in transition countries is the level of employment. The results are consistent with a hypothesis of a still prevalent “socialist mentality” in the analyzed sample of countries which are all formerly socialist economies that typically place high (or full) employment as the highest economic priority (as opposed to GDP growth, low inflation etc.). Our results differ from the conclusions of the few studies done on this sample of countries, which suggests additional research on the subject is likely required.

scholarly journals THE TOURISM-LED GROWTH HYPOTHESIS IN TRANSITION ECONOMIES? EMPIRICAL EVIDENCE FROM A PANEL DATA ANALYSIS

2021 ◽  
Vol 38 (4) ◽  
pp. 1076-1082
Author(s):  
Le Thanh TUNG ◽  
Keyword(s):  
Developing Countries ◽  
Panel Data ◽  
Development Strategy ◽  
Transition Economies ◽  
Transition Countries ◽  
Policy Implications ◽  
Research Database ◽  
Fisher Test ◽  
Long Run ◽  
Growth Hypothesis

Tourism has been considered as a potential factor in development strategy in many developed and developing countries worldwide. Besides, tourism is really a key economic sector in some countries. This study aims to examine the tourism-led growth hypothesis for some transition countries, which includes seven high growth economies Bulgaria, Hungary, Poland, Romania, Russia, Ukraine and Vietnam. The research database is collected by an annual form in the period of 1995-2019. These economies are considered successful transitional cases in the global economy, however, the tourism-led growth hypothesis in these countries has been received only a little evidence from academics in recent years. The Johansen-Fisher test and the OLS estimation are applied in the quantitative process. There are some new findings from the empirical results. First, the Johansen-Fisher test confirms the existence of long-run cointegration relationships between tourism (denoted by the tourism revenue and the tourism arrivals) and economic growth in the panel data sample of countries. Second, the long-run coefficients of the tourism variables are positive and significant that concludes the tourism-led growth hypothesis in these transition countries. The contribution of the study is not only to fill the empirical research gap by the estimated results from a group of transition economies but also to confirms the tourism-led growth platform as an efficient development strategy for other developing countries. Furthermore, our study suggests some policy implications for policymakers to use tourism as a key development sector in these countries in the future.

scholarly journals Infrastructural and Social Aspects of ICT Dissemination in Rural Areas in Ukraine in Juxtaposition with Other Post-Transition Countries—State of Play and Prospects for Rural Development

2021 ◽  
Vol 14 (1) ◽  
pp. 16
Author(s):  
Aleksandra Synowiec
Keyword(s):  
Rural Development ◽  
Information And Communication Technologies ◽  
Rural Areas ◽  
Digital Literacy ◽  
Transition Period ◽  
Secondary Data ◽  
Communication Technologies ◽  
Transition Countries ◽  
Social Aspects ◽  
Information And Communication

The objective of this study is to identify the current state of, and the prospects for, information and communication technologies (ICT) dissemination in rural areas in Ukraine in juxtaposition with other post-transition countries. The spread of ICT is discussed within the frame of economic, infrastructural, and social factors affecting rural areas in Ukraine since the post-communist transition period. Information and communication technologies may support the socio-economic development of peripheral areas in many ways—including rural ones. Dissemination of ICT contributes to the emergence of sources of income, equalizes education opportunities, and increases the attractiveness of rural areas. However, the rural—urban divide in the countries of Central and Eastern Europe and other former USSR countries is still remarkable and, as a type of structural inequality, should be better recognized. The source material is based on secondary data, which consists of selected literature on the subject of rural development in Central and Eastern European Countries, strategic documents, available reports and studies of international institutions, research from agencies, state documents and statistics, and research conducted by international and domestic NGOs. In reference to the paper’s objective, the method of content analysis was employed. Dissemination of ICT in rural areas in Ukraine is influenced by two groups of factors. The infrastructural divide concerning Internet access between rural and urban populations in Ukraine has been diminishing, but the issue of structural exclusion due to place of residence has still not been solved. As far as the social aspects of ICT dissemination in rural areas in Ukraine are concerned, the level of digital literacy among rural dwellers is significantly lower in comparison to urban residents. Rural areas are more exposed to the consequences of various aspects of digital exclusion.

scholarly journals Process and effects of financial liberalization in transition countries: A selective literature survey

2009 ◽  
Vol 56 (4) ◽  
pp. 453-473 ◽  
Author(s):  
Claude Berthomieu ◽  
Anastasia Ri
Keyword(s):  
Transition Economies ◽  
Financial Liberalization ◽  
Transition Countries ◽  
Literature Survey ◽  
Medium Size ◽  
Economic Sector ◽  
Financial Problems ◽  
Large Sample ◽  
Financial Changes

This paper aims at reviewing selected literature on (1) structural financial changes observed in a large sample of transition economies in the Central and/or Oriental Europe during the last two decades, (2) efficiency of this financial liberalization in relative terms (in macroeconomic sense), and (3) impact of liberalization on financial problems of small and medium-size enterprises, a specific 'puzzle' concerning this very important economic sector as for its role in the employment and growth of these economies.

scholarly journals Ownership Structure of the Organisation as a Determinant of Human Resource Management in the Context of Transition Countries

2018 ◽  
Vol 15 (26) ◽  
Author(s):  
Branka Zolak Poljašević ◽  
Gordana Ilić ◽  
Darko Milunović
Keyword(s):  
Resource Management ◽  
Human Resource Management ◽  
Human Resource ◽  
Ownership Structure ◽  
Transition Period ◽  
Transition Countries ◽  
Foreign Companies ◽  
Significant Difference ◽  
The Republic

Transition period of the post-socialist countries and opening of their markets have led to the positive shift in understanding the role of employees in organizations and the importance of proper management of this specific resource. An important factor in spreading modern principles of human resource management in transition countries is the arrival of foreign companies on their market. In that context, this paper focuses on the relationship between the ownership structure of the organisation and the level of development of the core activities of human resource management. The subject of the empirical research was companies which operate on the territory of the Republic of Srpska, and employ more than 200 employees. Empirical data were collected by using questionnaire, and some of them were generated from the official websites of the observed companies. Testing of hypothesis was performed with the Analysis of Variance. The research results show that in the foreign-ownedcompanies there is a statistically significant difference in the level of development ofhuman resources management, compared to the state-owned and national privatecompanies. On the other hand, among foreign-owned companies, which differ in thecountry of origin of the majority owner and the number of years in business in thedomestic (BiH/RS) market, there is no statistically significant difference in the levelof development of basic activities of human resource management.

Entrepreneurship in Transition Economies: Is There an Entrepreneurial Characteristic Similarity to Western Entrepreneur?

2018 ◽  
Vol 19 (2) ◽  
pp. 105-157
Author(s):  
Thomas Bradley ◽  
Paul Eberle
Keyword(s):  
Empirical Study ◽  
Cultural Values ◽  
Cultural Differences ◽  
Transition Economies ◽  
Transition Period ◽  
Entrepreneurial Activity ◽  
Cultural Dimension ◽  
Factory Workers ◽  
Cultural Characteristics ◽  
History Of

This empirical study consists of two parts. The first part of the study examines the cultural characteristics and dimensions of entrepreneurs and factory workers in transition economies during the early transition period to determine if their cultural values were similar to those found in other nations. The second part of the study compares the differences in Hofstede’s cultural dimension scores between entrepreneurs and workers in market economies. It might seem extraordinary that after more than 70 years of a centralized nonentrepreneurial society that all of the communist nations that the current authors studied had essentially the same cultural differences among entrepreneurs that were found in capitalist nations with a long history of entrepreneurial activity.

How Local Development is Achieved in Relation to Knowledge in EEE Countries

2014 ◽  
pp. 124-145
Author(s):  
Cristina Boboc ◽  
Emilia Titan
Keyword(s):  
Regional Development ◽  
Statistical Methods ◽  
Transition Economies ◽  
Transition Period ◽  
Developing Economies ◽  
Local Development ◽  
Arab Countries ◽  
Living Standards ◽  
Strong Interest ◽  
Local Levels

Local and regional development is an increasingly important issue for researchers and politicians. The challenge of enhancing prosperity, improving wellbeing, and increasing living standards has become acute for localities and regions with developing economies. Moreover, questions about the implications of globalization for local and regional development in transition economies are of strong interest. The present chapter looks at how EEE countries have been developed at regional and local levels during the transition period and identifies some examples for Arab countries using a series of indicators and statistical methods.

scholarly journals Impact of Insurance Market on Economic Growth in Post-Transition Countries

2014 ◽  
Vol 44 (1) ◽  
pp. 92-105 ◽  
Author(s):  
Jaba Phutkaradze
Keyword(s):  
Economic Growth ◽  
Transition Economies ◽  
Fixed Effect Model ◽  
Transition Countries ◽  
Insurance Market ◽  
Effect Model ◽  
Annual Total ◽  
Dataset Analysis ◽  
Insurance Penetration ◽  
Cross Country

Abstract The purpose of this work is to identify whether the development of an insurance market is linked to economic growth in former transition countries. A multiple regression analysis is employed to estimate the insurance-growth relationship, using a cross-country panel dataset analysis tracking annual total insurance penetration in 10 countries over the 2000-2012 period, and applying a fixed effect model to test the hypothesis that this linkage is demonstrably positive. The results show a negative and statistically non-significant correlation between insurance and GDP growth, suggesting a lack of evidence that insurance promotes economic growth in post-transition economies.

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