scholarly journals Regional trade integration in Central and Eastern Europe: State of play after 15 years of EU membership

2021 ◽  
Vol 43 ◽  
pp. 225-250
Author(s):  
Michał Kulbacki ◽  
◽  
Adrian Michalczuk ◽  
◽  
◽  
...  
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Empirical Studies ◽  
Value Added ◽  
Trade Integration ◽  
Regional Trade ◽  
Narrow Scope ◽  
Country Level ◽  
Eu Membership ◽  
Value Contribution

Aim/purpose–The purpose of this paper is to analyze regional trade integration of 10 Central and Eastern Europe countries (CEE-10) during the 2004-2018 period, identify regional-and country-level integration patterns and attribute them to potential causes indicated by the literature.Design/methodology/approach–The paper employed literature-based trade integration indicators to data on CEE-10 trade in goods and conducted a review of empirical studies investigating trade integration determinants in CEE.Findings–The results evidence an advancing regional trade integration with decreasing pace in recent years. The study has found all CEE countries to be more integrated with the region. Moreover, several integration patterns have been distinguished.Research implications/limitations–The study found a significant literature gap con-cerning CEE regional trade integration and its determinants. Its limitations refer to: lack of product-groups-level trade data and narrow scope of trade flows (in goods only).Originality/value/contribution–The paper’s value-added stems from a multi-perspectiveanalysis of the CEEregional trade integration and a discussion of region-and country--level integration patterns.Keywords: Central and Eastern Europe, regional trade integration, trade integration, global value chains, economic integration.JEL Classification:F14, F15,F60.

Ghiţa Ionescu and Comparative Communist Politics

1997 ◽  
Vol 32 (2) ◽  
pp. 201-214
Author(s):  
Peter Ferdinand
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Empirical Studies ◽  
Soviet Empire ◽  
Break Up ◽  
The 1960S ◽  
Main Ideas

GHIŢA IONESCU'S MAIN WORKS ON COMPARATIVE COMMUNIST POLITICS were The Politics of the European Communist States which appeared in 1967 and Comparatiue Communist Politics which appeared in 1972. They generalized upon the more historical and empirical studies which had appeared earlier in the 1960s: Communism in Romania, The Reluctant Ally: A Study of Communist Neo-Colonialism and The Break-up of the Soviet Empire. They established his reputation as one of the foremost scholars of communist states in Central and Eastern Europe. This article will consider the main ideas of the two key works and relate them to broader trends in the evolution of his thinking. Chiefly, though, it will concentrate upon his 1967 work, since the 1972 one was much shorter and it also largely recapitulated the same ideas.

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.

Convergent and Divergent Elements in the Reporting of Key Audit Matters at the Level of the Banking Sector from Central and Eastern Europe

2021 ◽  
Vol 19 (161) ◽  
pp. 130-144
Author(s):  
Aurelia STEFANESCU ◽  
◽  
Denis-Adrian LEVANTI ◽  
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Banking Sector ◽  
National Level ◽  
Value Added ◽  
Important Change ◽  
Audit Report ◽  
Firm Level ◽  
Audit Reports ◽  
Informational Value

The current economic turmoil manifested at international and national level is influencing the banking sector, situation which calls for an innovative approach to the informational value of the independent auditor’s report. In order to reduce the information asymmetry of the audit reports from a stakeholder’s perspective, competent authorities have issued a series of regulations aiming to change the structure and the content of these reports. The most important change relates to the reporting of the key audit matters, which are considered to bring many benefits to stakeholders. In this context, this research aims to identify, analyze and compare the key audit matters reported by the statutory auditors of credit institutions operating in Central and Eastern Europe. The results revealed that the reported key audit matters reflect the particularity of the industry and of the activities carried out by these institutions. Also, the research highlighted a portfolio of convergent and divergent elements in the key audit matters reporting both at the level of the analyzed territories and at audit firm level. The results of the research are useful to stakeholders of the banking industry, professional bodies and regulators from two perspectives: firstly, by generating value added to the informational value of the audit report and secondly, by building an informational symmetry of the audit report in relation to its stakeholders.

scholarly journals Application of the Perkal method for assessing competitiveness of the countries of Central and Eastern Europe

2017 ◽  
Vol 8 (3) ◽  
Author(s):  
Hanna Kruk ◽  
Anetta Waśniewska
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Value Added ◽  
Optimal Choice ◽  
Test Method ◽  
Level Indicator ◽  
Global Competitiveness ◽  
Strong Positive Relationship ◽  
Late Twentieth ◽  
National Economies

Research background: The changes that took place in the late twentieth century led to the transformation of the political system in the countries of Central and Eastern Europe (CEE). As a result, there has been an increase in the competitiveness of some of the economies among the CEE states. Due to different priorities and goals, these countries are also characterized by different levels in socio-economic development. Purpose of the article: The aim of the article is to identify the determinants affecting the competitiveness among the selected CEE countries. Methods: Based on Eurostat data, a set of determinants affecting competitiveness was established. A number of determinants have been eliminated in relation to the variation coefficient. At the same time, a classification of the level of competitiveness among the CEE countries has been made by using the Perkal method. The analysis used 14 selected indicators, 10 of which are considered as stimulating, and 4 as deteriorating the competitiveness of national economies. The result led to obtaining a synthetic level indicator of potential of the CEE countries. Findings & Value added: Following the findings of the conducted analysis, the highest economic competitiveness exists in Estonia and in the Czech Republic, while the lowest was found in Romania and Bulgaria. The results of the evaluation obtained with the Perkal method concerning the competitiveness of the CEE countries that belong to the EU are largely consistent with those presented in different global competitiveness rankings. However, the method applied in this article seems much simpler and less time-consuming, allowing at the same time an optimal choice of analytical determinants. The selected linear Pearson correlation’s coefficient confirmed that there is a strong positive relationship between the designated values of the synthetic indicator of competitiveness and the GDP per capita. This confirms the validity of test method used.

scholarly journals Multinational banks and the formation of debt-type economy in the countries of Central and Eastern Europe

2021 ◽  
Vol 129 ◽  
pp. 03036
Author(s):  
Roksolana Zapotichna ◽  
Fakhri Murshudli ◽  
Erkin Dilbazi
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
External Debt ◽  
Value Added ◽  
Statistical Correlation ◽  
Cross Border ◽  
Multinational Banks ◽  
Direct Cross ◽  
General Scientific ◽  
Lending Activity

Research background: Given the fact that multinational banks’ credit activity leads to the accumulation of external debt in the borrowing countries, which potentially contributes to the formation of a debt-type economy, more in-depth research of the scope and consequences of such impact on the example of specific recipients is required. Purpose of the article: The purpose of the article is to develop theoretical and methodological bases of the study of multinational banks’ lending activity in terms of debt-type economy on the example of the countries of Central and Eastern Europe. Methods: A system of general scientific and special research methods, namely, statistical (correlation analysis, in particular), structural-functional and comparative analysis, has been applied to achieve the above-mentioned purpose. Findings & Value added: The results of the study indicate that multinational banks’ direct cross-border lending remains an important source of external debt accumulation and the formation of a debt-type economy in the countries of Central and Eastern Europe. Based on the assessment of the external debt indicators of the countries under the study, it has been determined that they all can be classified as debt-type economies. At the same time, the countries of the group still remain significantly differentiated in terms of relative indicators of direct cross-border lending and external debt. It has been concluded that multinational banks’ aggressive lending strategy during the growth phase in the countries of Central and Eastern Europe has exacerbated the problem of external indebtedness during the recession phase.

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