scholarly journals The Changes in Foreign Debt for the Transition Economies

Author(s):  
Çağatay Karaköy ◽  
Ahmet Uzun ◽  
Ömer Selçuk Emsen

1989 and the years following 1991 were the times in which many important economic and political turnovers had taken place in the world. That was the time when Berlin Wall fall down with scattering the Eastern block and many politically and economically independent states came into being, at the same time, ongoing about 70 years socialist system also started to spin into liberal system. The constituted 27 states in 1991 were tended to liberal economic system instead of socialist economy, and these stated were called as transition economies. With the transition period, there has have been significant decreases in the level of affluence, hyperinflation and some common properties seen at the beginning. It became inevitable to get foreign debt for reorganization and configuration of these economies. Nevertheless these foreign debts caused many serious problems in some of these economies. In the present work we tried to understand the economic structure and external loans of the transition economies, which are different with respect to their natural resources and are similar to each other in term of social, political and cultural aspects. It was under debated to investigate the relationship between indicated foreign debts and indicated domestic income and external trade so foreign trade financing problematic which thought to be the source of going into debt and economical development relations are searched.

Author(s):  
Mustafa Batuhan Tufaner

The effect of public expenditures on economic growth gained importance, especially after the First World War. In this study, the effect of public expenditures on economic growth was analyzed using data from the 1996-2017 period for 12 Transition Economies (Azerbaijan, Belarus, Armenia, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan) in the transition period. In this context, the relationship between public expenditures and economic growth is investigated by applying unit root test, short and long term cointegration tests and causality tests. According to the results of the analysis, there is a long-term negative cointegration relationship between public expenditures and economic growth. However, there is a two-way causal relationship between public expenditures and economic growth.


2010 ◽  
Vol 11 (2) ◽  
pp. 1-28
Author(s):  
Aleksandr Gevorkyan

This paper is a critical effort assessing the twin deficits concept in the context of the transition economies of the Commonwealth of Independent States. Correlations between current account and fiscal balance must be interpreted with caution. Actual political economy circumstances in the region play important role in explaining external trade positions and public spending in both net exporter and net importer country groups. There are clearly two periods within a bigger transition time frame: early 1990's reforms and post Russian financial crisis through early 2000's. Cumulative weight of such factors, coupled with empirical evidence raises more questions than answers, offering no solid theoretical or empirical grounds for the case of twin deficits in the post-socialist economies of the CIS. Following standard and extended empirical analysis the paper identifies key policy guidelines for the selected transition economies. A more qualitative approach prompts an investigation into structural problems of transition, such as household consumption patterns and its relation to current account and nature of fiscal expenditure. That is the case in the post-socialist transforming economies with consumer societies.


2009 ◽  
Vol 47 (3) ◽  
pp. 699-728 ◽  
Author(s):  
Saul Estrin ◽  
Jan Hanousek ◽  
Evžen Kočenda ◽  
Jan Svejnar

In this paper, we evaluate what we have learned to date about the effects of privatization from the experiences during the last fifteen to twenty years in the postcommunist (transition) economies and, where relevant, China. We distinguish separately the impact of privatization on efficiency, profitability, revenues, and other indicators and distinguish between studies on the basis of their econometric methodology in order to focus attention on more credible results. The effect of privatization is mostly positive in Central Europe, but quantitatively smaller than that to foreign owners and greater in the later than earlier transition period. In the Commonwealth of Independent States, privatization to foreign owners yields a positive or insignificant effect while privatization to domestic owners generates a negative or insignificant effect. The available papers on China find diverse results, with the effect of nonstate ownership on total factor productivity being mostly positive but sometimes insignificant or negative.


Author(s):  
Rüştü Yayar ◽  
Yusuf Demir ◽  
Yunus Emre Birol

The concept of transition economies covers a group of countries which were established in the aftermath of the fall of Berlin Wall in 1989 and the collapse of the former USSR in 1991. The main objectives of these countries are prices and foreign trade liberalization, privatizations realized, macroeconomic stability, obtaining foreign direct investment and improving marketing situations during the transition period. Today an effective foreign trade policy takes an important place in the improvement of a transition country economic performance. Kazakhstan is one of the newly independent states, transition country which was established in the aftermath of the USSR’s collapse in 1991. The aim of this study is prediction of foreign trade between Turkey and Kazakhstan using Box-Jenkins Method. We hope the study will contribute to development of foreign trade between Turkey and Kazakhstan which after gaining independence foreign trade reforms had been realized in such fields as setting free foreign trade prices, renewal of foreign trade system, market diversification and exchange system modification. Also, we hope the study will contribute to decision-makers and policy makers who doing short-term forecasts for the future in different fields.


ALQALAM ◽  
2013 ◽  
Vol 30 (3) ◽  
pp. 563
Author(s):  
Suhaimi Suhaimi

In line with the times demand, nationlism changes as a dynamic of dialectics proceeds with changes in social, political, and ekonomic in the country and global levels. Based on a review of historical chronology, this paper analyzed descriptively the relationship between Islam and nationalism in Indonesia. Since the early growth of nationalism and the Dutch colonization period in Indonesia, Islam became the spirit of sacrifice of lives and property of the Indonesian people's fighting to get independence and on the Japanese colonial period and the early days of independence, Islam through the muslim leaders founction as base of departure and developer awareness of nasionalism, patriotism and unity to defend the independence. Despite the authoritarian New Order ruler cope with Islam through the establishment of the Association of Indonesian Muslim Intellectuals (ICMI), but awareness of national Muslim leaders to build Indonesia managed to push governance reforms. And in this era of reform, the spirit of nationalism and the spirit of sacrifice of the Indonesian leaders increasingly eroded by corruption. Key words: proto-nationalism, political nationalism, cultural nationalism.


2019 ◽  
Author(s):  
Valentina Escotet Espinoza

UNSTRUCTURED Over half of Americans report looking up health-related questions on the internet, including questions regarding their own ailments. The internet, in its vastness of information, provides a platform for patients to understand how to seek help and understand their condition. In most cases, this search for knowledge serves as a starting point to gather evidence that leads to a doctor’s appointment. However, in some cases, the person looking for information ends up tangled in an information web that perpetuates anxiety and further searches, without leading to a doctor’s appointment. The Internet can provide helpful and useful information; however, it can also be a tool for self-misdiagnosis. Said person craves the instant gratification the Internet provides when ‘googling’ – something one does not receive when having to wait for a doctor’s appointment or test results. Nevertheless, the Internet gives that instant response we demand in those moments of desperation. Cyberchondria, a term that has entered the medical lexicon in the 21st century after the advent of the internet, refers to the unfounded escalation of people’s concerns about their symptomatology based on search results and literature online. ‘Cyberchondriacs’ experience mistrust of medical experts, compulsion, reassurance seeking, and excessiveness. Their excessive online research about health can also be associated with unnecessary medical expenses, which primarily arise from anxiety, increased psychological distress, and worry. This vicious cycle of searching information and trying to explain current ailments derives into a quest for associating symptoms to diseases and further experiencing the other symptoms of said disease. This psychiatric disorder, known as somatization, was first introduced to the DSM-III in the 1980s. Somatization is a psycho-biological disorder where physical symptoms occur without any palpable organic cause. It is a disorder that has been renamed, discounted, and misdiagnosed from the beginning of the DSMs. Somatization triggers span many mental, emotional, and cultural aspects of human life. Our environment and social experiences can lay the blueprint for disorders to develop over time; an idea that is widely accepted for underlying psychiatric disorders such as depression and anxiety. The research is going in the right direction by exploring brain regions but needs to be expanded on from a sociocultural perspective. In this work, we explore the relationship between somatization disorder and the condition known as cyberchondria. First, we provide a background on each of the disorders, including their history and psychological perspective. Second, we proceed to explain the relationship between the two disorders, followed by a discussion on how this relationship has been studied in the scientific literature. Thirdly, we explain the problem that the relationship between these two disorders creates in society. Lastly, we propose a set of intervention aids and helpful resource prototypes that aim at resolving the problem. The proposed solutions ranged from a site-specific clinic teaching about cyberchondria to a digital design-coded chrome extension available to the public.


2021 ◽  
pp. 001139212199001
Author(s):  
Fiorella Mancini

Social distancing and isolation measures in response to COVID-19 have confined individuals to their homes and produced unexpected side-effects and secondary risks. In Latin America, the measures taken by individual governments to mitigate these new daily and experiential risks have varied significantly as have the responses to social isolation in each country. Given these new social circumstances, the purpose of this article is to investigate, from the sociological approach of risk-taking, the relationship between confinement, secondary risks and social inequality. The author argues that secondary risks, despite their broad scope, are deeply structured by social inequalities in contemporary societies, especially in developing countries. To corroborate this hypothesis, a quantitative comparative analysis is performed for the Argentine case. Using data from a web-survey and correspondence analysis (CA), there are three major findings: (1) there are some widespread experiences similarly distributed across all social strata, especially those related to emotional and subjective matters; (2) other risks follow socio-structural inequalities, especially those corresponding to material and cultural aspects of consumption; (3) for specific vulnerable groups, compulsory confinement causes great dilemmas of decision-making between health and well-being.


2021 ◽  
Vol 3 (2) ◽  
pp. 48-58
Author(s):  
Ajeng Febrianti Rahayu ◽  
Bagas Aidi ◽  
Meirna Mega Rizki ◽  
Ayik Mirayanti Mandagi

ABSTRACTFirst year student are one of the groups that are prone to depression. This is because the first year student is in a transition period or in a new condition that initially senior high school student becomes a college student. In addition, busy schedules, new learning environments and homesickness can trigger depression in college students. This study used a cross sectional study design. Respondents in this study were new students of the Study Program Outside the Main Campus (PSDKU) of Airlangga University in Banyuwangi, class 2019 with a total of 110 students. Depression levels were obtained from the Beck Depression Inventory (BDI-II) questionnaire. Meanwhile, the adaptability was obtained from the Communicative Adaptability Scale (CAS) questionnaire and the place of residence was obtained from questions about where to live during college. A total of 53 out of 110 students (49,1%) experienced low depression and students who experienced high depression were 57 out of 110 students (50,9%). The results of the chi square test regarding the relationship between residence and the level of depression of new students, obtained data p= 0.008 (p <0.05). Chi-square test results regarding the relationship between adaptation ability and depression level of new students, obtained data p = 0.001 (p <0.05). There is a relationship between residence and adaptability with the degree of depression of new students. Higher education institutions are expected to pay more attention to the psychological conditions of students and new students are expected to maintain good coping management in facing the new environment.Keywords: depression level, adaptability, place to live, new students ABSTRAKMahasiswa baru adalah salah satu kelompok yang rentan mengalami depresi. Hal ini dikarenakan mahasiswa baru berada pada masa transisi atau suatu kondisi baru yang awalnya siswa SMA menjadi mahasiswa. Selain itu, jadwal yang padat, lingkungan belajar yang baru dan homesickness dapat memicu depresi pada mahasiswa. Penelitian ini menggunakan desain penelitian crosssectional. Responden pada penelitian ini yaitu mahasiswa baru Program Studi Diluar Kampus Utama (PSDKU) Universitas Airlangga di Banyuwangi angkatan 2019 dengan jumlah 110 mahasiswa. Tingkat Depresi didapatkan dari kuisioner Beck Depression Inventory (BDI-II). Sedangkan kemampuan adaptasi didapatkan dari kuisioner Communicative Adaptability Scale (CAS) dan tempat tinggal didapatkan dari pertanyaan mengenai tempat tinggal selama kuliah. Sebanyak 49,1% (53 dari 110 mahasiswa) mengalami depresi ringan dan mahasiswa yang mengalami depresi berat sebanyak 50,9 (57 dari 110 mahasiswa). Hasil uji chisquare mengenai hubungan tempat tinggal dengan tingkat depresi mahasiswa baru, diperoleh data p=0,008 (p<0,05). Hasil uji chisquare mengenai hubungan kemampuan adaptasi dengan tingkat depresi mahasiswa baru, diperoleh data p=0,001(p<0,05). Terdapat hubungan antara tempat tinggal dan kemampuan adaptasi dengan tingkat depresi mahasiswa baru. Institusi perguruan tinggi diharapkan lebih memperhatikan kondisi psikologis mahasiswa dan mahasiswa baru diharapkan tetap mempertahankan manajemen koping yang baik dalam menghadapi lingkungan baru.Kata Kunci: tingkat depresi, kemampuan adaptasi, tempat tinggal, mahasiswa baru


Sign in / Sign up

Export Citation Format

Share Document