scholarly journals ECONOMIC AND INSTITUTIONAL FUNDAMENTALS OF THE DIVERGENCE OF DEVELOPMENT PATHS IN CENTRAL AND EASTERN EUROPE

Ekonomika ◽  
2013 ◽  
Vol 92 (3) ◽  
pp. 24-40
Author(s):  
Yuriy Bilenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Eastern Europe ◽  
Transition Economy ◽  
Central And Eastern Europe ◽  
Development Economic ◽  
Financial Openness ◽  
Eastern European Countries ◽  
Development Paths ◽  
Sustainable Economic Growth

Abstract. An analysis of the divergence of economic development paths of Eastern European countries (Poland, Hungary, Latvia, Lithuania, Czech Republic, Slovakia, Slovenia) that joined the EU in 2004 and of the European post-Soviet states (Ukraine, Russia, Belarus, Moldova) for the past twenty years with an emphasis on trade and financial openness is carried out in the article. A detailed description of institutional mechanisms and institutional changes in the economies of these two groups of countries is presented. In my opinion, in order to ensure a sustainable economic development and sustainable economic growth, the macroeconomic equilibrium has to be supplemented by the institutional equilibrium. The equilibrium criteria have to match the actual functions of the institutions, assigned to them by society, and contribute to the development of the whole society along with formation of the middle class.Key words: economic development, economic growth, institutional change, transition economy, Central and Eastern Europe

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

DEMOCRACY, ECONOMIC COMPLEXITY AND SOCIO-ECONOMIC DEVELOPMENT: PROBLEMS OF INTERCONNECTION AND WAYS OF THEIR INCREASE IN UKRAINE

2018 ◽  
Author(s):  
Anna Smahliuk ◽  
◽  
Tetiana Pokotylo ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Democratic Institutions ◽  
Economic Complexity ◽  
Multiplier Effect ◽  
Socio Economic Development ◽  
National Production ◽  
Level Of Knowledge ◽  
Sustainable Economic Growth

The article explores the factors that allow the economies of the countries of the world to achieve sustainable economic growth at different stages of the country's economic development, depending on the level of GDP per capita. Among which are highlighted: basic factors, efficiency factors and innovative factors. For the Ukrainian economy, which is at the stage of focusing on efficiency, the issues of the place, significance and level of economic complexity of the Ukrainian economy and ensuring sustainable economic growth on this basis are considered. Economic diversification and complexity are defined as key drivers of long-term growth. The dynamics of the index of economic complexity in Ukraine is analyzed, modern trends are revealed. Directions and strategic approaches to the diversification of national production are proposed, which could have a significant multiplier effect, increase the complexity and level of knowledge in the economy. It also provides evidence on the relationship between socio-economic development, values of self-expression and democratic institutions. The conclusion is formulated: socio- economic development leads to the spread of the values of self-expression, and they, in turn, to the establishment and strengthening of democratic institutions.

scholarly journals Research on strategic emerging industries boosting high quality economic

2021 ◽  
Vol 235 ◽  
pp. 02011
Author(s):  
He Jiang ◽  
Yonghui Cao
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Industrial Structure ◽  
Decisive Role ◽  
High Quality ◽  
Emerging Industries ◽  
National Economic ◽  
Countermeasures And Suggestions ◽  
Sustainable Economic Growth

With the development of knowledge economy and the advancement of economic globalization, strategic emerging industries have become the leading industries for a country or region to achieve sustainable economic growth in the future. They are the high integration of emerging technologies and emerging industries, and the driving force of national economic growth. They play an important guiding and decisive role in the national economic growth and the transformation and upgrading of industrial structure. In recent years, China’s strategic emerging industries continue to grow rapidly, and have made remarkable achievements in innovation and development, which play an important role in the national economic growth and the transformation and upgrading of industrial structure, but there are also shortcomings. Based on the current situation of the development of strategic emerging industries, this paper analyzes the role of strategic emerging industries in economic development, and puts forward countermeasures and suggestions for strategic emerging industries to boost high-quality economic development.

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 An Integral Cultural Space in Europe and New Challenges for its Economic Development

Ekonomika ◽  
2007 ◽  
Vol 78 ◽  
Author(s):  
Borisas Melnikas
Keyword(s):  
Economic Development ◽  
Social Development ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
The European Union ◽  
Equal Rights ◽  
Cultural Space ◽  
Cultural Policies ◽  
New Challenges ◽  
The Creation

The paper aims to evaluate the main features of the creation and development of an integral cultural space in Europe and the main problems of economic development in the context of the enlargement of the European Union and the transition processes in Central and Eastern Europe.The author has used the outcomes of the research done over the recent several years, dedicated to the diagnostics of the problems of transformations as well as economic and social development in Central and Eastern Europe with a special reference to the development of the integral cultural space and human rights in the context of economic development in the European Union.The major findings show that the creation and development of the integral cultural space in Europe is a very complex and controversial process, and in its course various problems and conflicts arise. Therefore, to encourage the creation of the integral cultural space in Europe, appropriate cultural policies are necessary to be implemented.These policies may embrace many priorities including- preservation of cultural diversity;- adaptation and dissemination of integrated European dimensions;- elimination of inappropriate factors within humanism and democracy of all European countries;- provision of equal rights for all groups of modern society.For implementation of key priorities of cultural policies, the use of a number of special pan-European programmes is suggested.The new non-traditional ideas of a possible economic and social development in Central and Eastern Europe are discussed.

Environment in the Transition towards Market Economies: An Overview of Trends in Central and Eastern Europe and the New Independent States of the Former Soviet Union

10.1068/b2658 ◽  
2000 ◽  
Vol 27 (3) ◽  
pp. 331-347 ◽  
Author(s):  
Tony Zamparutti ◽  
Brendan Gillespie
Keyword(s):  
Soviet Union ◽  
Eastern Europe ◽  
Former Soviet Union ◽  
Central And Eastern Europe ◽  
Economic Production ◽  
Environmental Objectives ◽  
Action Programme ◽  
Independent States ◽  
Eastern European Countries ◽  
New Independent States

The 1993 Environmental Action Programme for Central and Eastern Europe presented a series of recommendations for integrating environmental objectives into the process of economic and democratic reform in Central and Eastern European countries (CEEC) and the New Independent States of the former Soviet Union (NIS). In this paper, on the basis of findings of a recent OECD study, we look at progress across the region in light of these recommendations. In several CEEC, there has been a synergy among economic reforms, democratic development, and environmental improvement. These countries have seen important improvements in environmental conditions but now face a variety of challenges, many tied to the process of accession to the EU and the need to deepen integration between environment and sectoral policies, such as those for agriculture and transport. In other countries, and in particular many NIS, pollution reductions have mainly resulted from declines in economic production. Many of these countries face ongoing crisis in terms of establishing economic reform, stable societies, and environmental protection. In several areas of the former Soviet Union, environmental problems—in particular poor access to safe drinking water—pose serious threats to human health. Addressing these problems presents a difficult challenge both for national governments and for international cooperation agencies.

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