scholarly journals Institutional quality as a determinant of FDI inflow: the case of Central and Eastern European countries

2019 ◽  
pp. 103-122
Author(s):  
Tomasz Dorożyński ◽  
Bogusława Dobrowolska ◽  
Anetta Kuna-Marszałek
Keyword(s):  
Central And Eastern Europe ◽  
Institutional Quality ◽  
European Countries ◽  
Eastern European ◽  
Synthetic Index ◽  
Last Stage ◽  
Eastern European Countries ◽  
Institutional Efficiency ◽  
The Relationship

In the article, we focus on the institutional aspects and their role in attracting foreign direct investment (FDI). Hence, the objective of the paper is to assess institutional quality in 17 countries of Central and Eastern Europe and to examine the relationship between the quality of institutions measured with the synthetic index of institutional quality and FDI inflow.This study is structured as follows. First, it explores the existing literature on factors of investment attractiveness, paying special attention to the importance of institutional efficiency. Then, we discuss FDI inflow into Central and Eastern European countries and select diagnostic variables that will later be used as the basis for the construction of a synthetic index of institutional quality (SIIQ). By composing a ranking of countries based on estimated values of the index, we could identify countries of similar institutional quality. In the last stage we analyse the correlation between SIIQ in individual countries and FDI inward stock as % of GDP. At the end we present conclusions.

scholarly journals Institutional Quality and Illicit Capital Outflow: A Comparative Analysis of the Eastern European Countries

2017 ◽  
Vol 3 (1) ◽  
pp. 66
Author(s):  
Luca Andriani ◽  
Anna Zajaczkowska
Keyword(s):  
Multinational Corporations ◽  
Global Economy ◽  
Institutional Quality ◽  
European Countries ◽  
Eastern European ◽  
Capital Outflow ◽  
Capital Outflows ◽  
Eastern European Countries ◽  
Strategic Allocation

It is estimated that $1 trillion flows out of the developing and emerging economies illegally on a yearly basis. This affects the ability of governments to raise the tax revenue and deprive the citizens of crucial services. Multinational Corporations (MNCs), as one of the big player in the global economy, are suspected to play a role in those capital outflows. For the multinational, the outflows enable strategic allocation pf taxes as a mean to enhance profits. This study tests whether institutional quality and tax level are significant predictors of the illicit capital outflow. The analysis uses panel data regressions on a group of Eastern European countries for the years 2004-2013. Empirical evidence suggests that illicit capital outflow reduces with institutional quality and increases with the tax level. We speculate on the importance of cross-country coordination actions to improve the quality of the institutions not only domestically but also at the supranational level.

Position in global value chains and wages in Central and Eastern European countries

2022 ◽  
pp. 095968012110537
Author(s):  
Sabina Szymczak ◽  
Aleksandra Parteka ◽  
Joanna Wolszczak-Derlacz
Keyword(s):  
Value Chain ◽  
Global Value Chains ◽  
Final Demand ◽  
European Countries ◽  
Value Chains ◽  
Eastern European ◽  
Micro Data ◽  
Eastern European Countries ◽  
The Relationship ◽  
Import Intensity

This paper examines the relationship between the relative position of industries in Global Value Chains (GVC) and wages in 10 Central and Eastern European countries. We combine GVC measures of global import intensity of production, upstreamness and the length of the value chain with micro-data on workers. We find that the wages of Central and Eastern European countries workers are higher when their industry is at the beginning of the chain or at the end than in the middle. Secondly, wage changes depend on the interplay between upstreamness and GVC intensity. In sectors close to final demand, greater production fragmentation is associated with lower wages.

scholarly journals Exploring Foreign Direct Investment–Economic Growth Nexus—Empirical Evidence from Central and Eastern European Countries

2019 ◽  
Vol 11 (19) ◽  
pp. 5421 ◽  
Author(s):  
Ștefan Cristian Gherghina ◽  
Liliana Nicoleta Simionescu ◽  
Oana Simona Hudea
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Institutional Quality ◽  
European Countries ◽  
Transport Infrastructure ◽  
Eastern European ◽  
Long Run ◽  
Eastern European Countries

This study aims to examine the link between foreign direct investment (FDI) inflows and economic growth, also considering several institutional quality variables, as well as sustainable development goals (SDGs) set in the 2030 Agenda for Sustainable Development. By estimating panel data regression models for a sample of 11 Central and Eastern European countries, from 2003 to 2016, the empirical outcomes provide support for a non-linear relationship between FDI and gross domestic product per capita. Regarding institutional quality, it is found that control of corruption, government effectiveness, regulatory quality, rule of law, and voice and accountability positively influence growth, while political stability and absence of violence/terrorism is not statistically significant. Moreover, SDGs such as poverty, income distribution, education, innovation, transport infrastructure, and information technology are noteworthy drivers of growth. The outcomes of panel fully modified and dynamic ordinary least squares partly confirm the findings. The panel vector error-correction model Granger causalities provide support for a short-run one-way causal association running from FDI to growth and a long-run two-way causal connection among FDI and growth. Furthermore, in the long run, unidirectional causal relationships running from each institutional quality indicator to economic growth and FDI are set out.

scholarly journals The relationship between the relative GDP share of agriculture and the unemployment rate in selected Central and Eastern European countries

2017 ◽  
Vol 63 (No. 7) ◽  
pp. 308-317
Author(s):  
Bein Murad A ◽  
 Ciftcioglu Serhan
Keyword(s):  
Granger Causality ◽  
Unemployment Rate ◽  
European Countries ◽  
Regression Equations ◽  
Eastern European ◽  
Causality Tests ◽  
Dynamic Panel Regression ◽  
Granger Causality Tests ◽  
Eastern European Countries ◽  
The Relationship

The study empirically investigates the relationship between the relative GDP share of agriculture and the unemployment rate in a sample of ten Central and Eastern European countries. Utilising the annual data for the sample period 1996–2013, the empirical analysis is carried out using the dynamic panel regression analysis and the Granger causality tests. The estimation results based on the alternative specification of regression equations for the unemployment rate suggest that the unemployment rate is negatively related to the relative GDP share of agriculture. In addition, a similar effect has been obtained for some other explanatory variables we have included in the unemployment equation as controlling variables: higher investment rate and trade openness are likely to lower the rate of unemployment. The financial development has also been found to be negatively related to the unemployment rate, although the statistical significance of its effect depends on the estimation technique used. On the other hand, the GDP growth and the government consumption have been found to be insignificantly related to the unemployment rate. While the Granger causality tests performed for each country produced evidence of a causal effect of the relative GDP share of agriculture in some countries, in some other countries the direction of causality has been found to be from the unemployment rate to the relative GDP share of agriculture. Our findings suggest that agriculture may play a potential role in lowering the prevailing rates of high unemployment; but this potential is likely to vary between countries.  

scholarly journals Changes in the Relationships Between Third World Countries and First World Countries

1995 ◽  
Vol 12 (1) ◽  
pp. 133-144
Author(s):  
Franz J. Hinkelammert
Keyword(s):  
Soviet Union ◽  
Third World ◽  
European Countries ◽  
Eastern European ◽  
Profound Change ◽  
The Soviet Union ◽  
Eastern European Countries ◽  
The Relationship ◽  
First World

AbstractI wish to develop some theses on the changes in the relationship between Third World countries and First World countries, which have been strongly affected by the crisis of socialism in the Soviet Union and in the Eastern European countries. It is a profound change, which came about in the '80s but which had already been developing in the decades prior to that.

scholarly journals Post-Pandemic Cooperation between China and Central and Eastern Europe

2021 ◽  
pp. 1-16
Author(s):  
Long Jing
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
European Countries ◽  
Eastern European ◽  
Cooperation Mechanism ◽  
New Challenges ◽  
Eastern European Countries

The Covid-19 pandemic has given rise to an array of problems in cooperation between China and Central and Eastern European Countries. Some items on the cooperation agenda have been delayed and people-to-people exchanges have come to a halt. The pandemic, notwithstanding, is a testament to the value and resilience of the “[Formula: see text]” framework and has presented an opportunity for both sides to identify new areas for future collaboration. In a post-pandemic world, China and Central and Eastern European countries will not only have to address the shortfalls and drawbacks in the current cooperation mechanism, but also firmly work together to deal with new challenges arising from the pandemic.

scholarly journals The Relationship between Corruption and the Shadow Economy in Ukraine and Other Central and Eastern European Countries

2020 ◽  
Vol 23 (4) ◽  
pp. 7-30
Author(s):  
Valentyna Cherviakova ◽  
Tetiana Cherviakova
Keyword(s):  
Regression Analysis ◽  
Shadow Economy ◽  
Statistical Data ◽  
Statistical Significance ◽  
European Countries ◽  
Eastern European ◽  
Weak Correlation ◽  
Low Levels ◽  
Eastern European Countries ◽  
The Relationship

The article investigates the causes, essence, and peculiarities of corruption and the shadow economy, as well as how they are related, in Ukraine in comparison with other Central and Eastern European countries. A correlation‑regression analysis of statistical data revealed a direct correlation connection of different strengths and statistical significance between levels of corruption and the shadow economy in all Central and Eastern European countries. However, the degree to which corruption impacts the variation in the levels of the shadow economy differs significantly in countries across the region. The key conclusion is that in countries with relatively high levels of corruption and the shadow economy, corruption causes a smaller share of the shadow economy than in countries with relatively low levels of these phenomena. Causes of the weak correlation between levels of corruption and the shadow economy in Ukraine were identified. The main corruption and non‑corruption factors of Ukraine’s economy shadowing were determined. It was concluded that policy and measures to counteract corruption and the shadow economy in Ukraine should be aimed at eliminating their root causes rather than manifestations.

scholarly journals The Case Series of 34 Patients with COVID-19 Diagnosed with HIV Infection from Central and Eastern European Countries – Euroguidelines in Central and Eastern Europe Network Group Data

2020 ◽  
Author(s):  
Agata Skrzat-Klapaczyńska ◽  
Kerstin Kase ◽  
Anna Vassilenko ◽  
Arjan Harxhi ◽  
Botond Lakatos ◽  
...  
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Group Analysis ◽  
Case Series ◽  
European Countries ◽  
People Living With Hiv ◽  
Eastern European ◽  
Hiv Rna ◽  
The Mean ◽  
Eastern European Countries

Abstract Background: A novel coronavirus (SARS-CoV-2) causing coronavirus disease (COVID-19) was detected at the end of 2019 in China. There are many COVID-19 studies in progress however, little is known about the course of COVID-19 in people living with HIV (PLWH). The aim of our study was to describe epidemiology and clinical characteristics of PLWH diagnosed with COVID-19 reported form Central and Eastern European Countries.Methods: On-line survey was sent to Euroguidelines in Central and Eastern Europe (ECEE) Network Group. Analysis included all confirmed COVID-19 cases between March 11 and June 26 2020 among PLWH in 12 countries: Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Czech Republic, Estonia, Hungary, Lithuania, Poland , Romania, Russia, and Serbia.Results: In total 34 cases were reported. The mean age of those patients was 42.7 years (IQR=35.8-48.5) and most of the patients were male (70.6% vs 29.4%). The mean CD4+ T-cell count prior COVID-19 diagnosis was 558 cells/mm3 (IQR=312-719) and HIV RNA viral load (VL) was undetectable in 18 of 34 (53%) cases, the data about most recent HIV RNA VL was not available in three cases (8,8%). Comorbidities were observed in 19 (55.9%) patients, mostly cardiovascular disease (27,8%), and in 10 (29.4%) patients had coinfection, mostly chronic hepatitis C (87.5%). The clinical course of COVID-19 was asymptomatic in 4 (12%) cases, mild disease without hospitalization was reported in 11 (32%) cases. Stable patients with respiratory and/or systemic symptoms have been documented in 14 (41%) cases; 5 (15%) patients were clinically unstable with respiratory failure. Full recovery was reported in 31 (91%) cases, two patients died. In one case the data was not available.Conclusion: This study from 12 countries in Central and Eastern Europe region indicates no alarming signals of increased morbidity or mortality from COVID-19 among HIV-positive persons there is a need for further research.

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