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

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.

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Ethiopia: Natural Resource Exploitation and Emerging Investors1

Revue Gouvernance ◽

10.7202/1040637ar ◽

2017 ◽

Vol 14 (1) ◽

pp. 66-87 ◽

Cited By ~ 2

Author(s):

Hany Besada

Keyword(s):

Economic Growth ◽

Natural Resource ◽

Low Income ◽

Large Scale ◽

Foreign Direct Investments ◽

Resource Exploitation ◽

Resource Governance ◽

Vulnerable Communities ◽

The Impact

Natural resource governance accelerates development. Ethiopia, a low-income country, passed land legislation in the 1990s and subsequently exhibited exceptional economic growth and human development improvements. From 2004 to 2014, Ethiopia’s average annual GDP growth rate was about nine per cent. Nevertheless, over 80% of the population remain food insecure. Using a literature review and interviews, this case study examines Ethiopia’s economic and social development through a land governance lens. It aims to document the flaws in Ethiopia’s regulatory framework that hinder vulnerable communities from leveraging the benefits of greater foreign direct investments (FDI) and resultant economic growth. The case analyzes Ethiopia’s agricultural governance framework and the impact of FDI-driven large-scale farming on smallholder communities, and concludes with suggestions for alternative investment approaches. The case study reveals that Ethiopian government legislation and resultant macroeconomic growth has yet to deliver inclusive and stable economic gains for many of the vulnerable smallholder communities. There is a need to advance further regulation and policies that not only protect these vulnerable communities, but also enhance economic and trade incentives for potential foreign investors.

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

The Changing Geography of International Business ◽

10.1057/9781137277503_4 ◽

2013 ◽

pp. 35-53 ◽

Cited By ~ 1

Author(s):

Matthew M. C. Allen ◽

Maria L. Aldred

Keyword(s):

Economic Growth ◽

Eastern Europe ◽

Central And Eastern Europe ◽

The Impact

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

European Journal of Sustainable Development ◽

10.14207/ejsd.2020.v9n3p215 ◽

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

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Merger regulation in Central and Eastern Europe: Evidence from Hungary, Romania and Slovenia

Acta Oeconomica ◽

10.1556/aoecon.52.2002.3.3 ◽

2002 ◽

Vol 52 (3) ◽

pp. 327-345 ◽

Cited By ~ 3

Author(s):

T. Kravtseniouk

Keyword(s):

Eastern Europe ◽

Central And Eastern Europe ◽

Merger Control ◽

Substantial Part ◽

Economic Competition ◽

Close Link ◽

Case Study Methodology ◽

Domestic Markets ◽

Study Methodology

This paper shows the principal features of merger control in selected transition economies of Central and Eastern Europe (CEE), namely Hungary, Romania and Slovenia, by applying case study methodology. The presented findings are based on the analysis of Hungarian, Romanian and Slovenian competition law and merger rulings reached by the Competition Offices of these countries. A substantial part of the conclusions is drawn from a sample of 42 merger applications processed by the Office of Economic Competition of Hungary between 1994 and 2000. The results of empirical analysis demonstrate the considerable flexibility of merger control in the studied countries, its orientation towards the future of domestic markets and a close link with industrial policy. The paper also highlights the areas of interdependence of competition policy and transition and argues that merger control in the studied CEE countries may be regarded as currently adequate to the requirements imposed by transition.

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