scholarly journals Fiscal Policy Learning from Crisis: Comparative Analysis of the Baltic Countries

2020 ◽  
pp. 177-192
Author(s):  
Ringa Raudla ◽  
Aleksandrs Cepilovs ◽  
Vytautas Kuokštis ◽  
Rainer Kattel
Keyword(s):  
Comparative Analysis ◽  
Fiscal Policy ◽  
Policy Learning ◽  
Baltic Countries ◽  
The Baltic

scholarly journals Fiscal Policy Learning from Crisis: Comparative Analysis of the Baltic Countries

2016 ◽  
Vol 20 (3) ◽  
pp. 288-303 ◽  
Author(s):  
Ringa Raudla ◽  
Aleksandrs Cepilovs ◽  
Vytautas Kuokštis ◽  
Rainer Kattel
Keyword(s):  
Comparative Analysis ◽  
Fiscal Policy ◽  
Policy Learning ◽  
Baltic Countries ◽  
The Baltic

How Is the Crisis Affecting the Competitiveness of Countries?

2014 ◽  
pp. 149-183
Author(s):  
Anna Matysek-Jędrych
Keyword(s):  
Fiscal Policy ◽  
Crisis Management ◽  
Economic Crisis ◽  
International Competitiveness ◽  
Management Policy ◽  
Economic Downturn ◽  
Baltic Countries ◽  
And Performance ◽  
The Baltic

The chapter focuses on the relation between the economic crisis and competitiveness on a national and regional dimension. The Baltic countries (Estonia, Latvia, and Lithuania) have experienced one of the biggest GDP contractions during the Global Crisis so far. Hence, identifying and assessing changes in the relative competitiveness as a consequence of the economic downturn has sparked many interests. The international competitiveness and economic crisis intermingle with one another. The international cases selected for the purpose of this research (Estonia, Latvia, and Lithuania) were to demonstrate clear and unquestionable evidence that crisis affects the international competitiveness of countries. One may believe that such a deep and painful financial and economic crisis as the current one—in the case of the Baltics—has to leave some permanent and explicit traces on a country's competitiveness. Thus, the results of this research may surprise a little. It may be generally concluded that a short-term crisis, even if severe, does not have a negative long-term influence on the international competitiveness as long as a proper anti-crisis policy is implemented. Sharing a number of structural, institutional, and performance features caused the crisis to undermine the competitiveness of the Baltic States in a similar manner (through macroeconomic stability channel). This in turn caused the applying of an analogue crisis management policy with the fundamental tool of fiscal policy tightening by an increased downward flexibility of wages and prices.

scholarly journals Trends in confidence in public institutions: A comparative analysis of the Baltic countries

2017 ◽  
Vol 13 (1) ◽  
pp. 7-33 ◽  
Author(s):  
Liutauras Gudžinskas
Keyword(s):  
Comparative Analysis ◽  
Financial Crisis ◽  
Rule Of Law ◽  
Political Leadership ◽  
Public Institutions ◽  
Historical Approach ◽  
Baltic Countries ◽  
Critical Junctures ◽  
The Baltic

AbstractThe paper focuses on the variation of institutional confidence in the Baltic countries. Within of framework of qualitative comparative framework, it employs a historical approach to detect causes of divergence of trust in rule of law institutions between Estonia vis-à-vis other two Baltic states. While it observes a range of variables that could affect the differences, it emphasises the role of political leadership during critical junctures, which might explain both why Estonia forged ahead at the outset of the post-communist transformation and most recent positive developments in the Baltic countries since the financial crisis in 2008–2010.

scholarly journals Inclusive education in Russia and the Baltic countries: a comparative analysis

Baltic Region ◽  
2019 ◽  
Vol 11 (1) ◽  
pp. 76-91
Author(s):  
Irina N. Simaeva ◽  
◽  
Anna O. Budarina ◽  
Stellan Sundh ◽  
Keyword(s):  
Comparative Analysis ◽  
Inclusive Education ◽  
Baltic Countries ◽  
The Baltic

scholarly journals Debt and Deficit Growth Rate Reporting for Post-Communist European Union Member States

2019 ◽  
Vol 8 (6) ◽  
pp. 173 ◽  
Author(s):  
Andrzej Paczoski ◽  
Solomon T. Abebe ◽  
Giuseppe T. Cirella
Keyword(s):  
Growth Rate ◽  
European Union ◽  
Fiscal Policy ◽  
Union Member ◽  
State Intervention ◽  
Member States ◽  
Baltic Countries ◽  
General Government ◽  
The Baltic ◽  
European Union Member States

A focalized analysis and reporting on the problems of general government debt (GGD) and government deficit (GD) and their influencing factors on economic growth rate tell the story of positive, neutral, and negative economies. Research was conducted over a nineteen-year period between 2000 and 2018 on all eleven post-communist European Union Member States (MS). MSs are divided in to three regional blocks: (1) the Baltic countries, (2) Central and Eastern European countries, and (3) the Balkan countries. Reviewed literature examined different types of GGD and GD with denoted influence on each MS’s economy and government. GGD and GD increase as a result of State intervention by reacting to economic fluctuations needed in creating redistributive-related fiscal policy. A breakdown of the problems of fiscal policy is explained. Datasets were compiled and systematically analyzed using Eurostat indicators. European regulatory benchmarking was used for GGD and GD as a percentage of gross domestic product. Results were divided at the regional group level. Comparative tax systems based on total general government revenue as well as total tax and contribution rate were evaluated. Histo-geographical research was considered and a comparative examination of GGD, GD and growth rate illustrated. In terms of GGD, GD, and growth rate, the Baltic countries were best situated, while all other countries were generally stable—with the exception of Hungary, Croatia, and Slovenia. In all, negative or stagnant periods revealed a general positive trend throughout the study with the exception of the world financial crisis of 2008, in which a deteriorative impact on growth rate was evident in all MS—especially from 2009. In the latter years, MSs’ economic promise signals a high potential for renewed public finance and stability initiatives.

scholarly journals COMPARATIVE ANALYSIS OF THE METHODS OF FINANCIAL AND ECONOMIC EXAMINATIONS TO DETERMINE INSOLVENCY

2019 ◽  
Vol 20 (2) ◽  
pp. 351-366
Author(s):  
J. Liodorova ◽  
K. Mamikonyan ◽  
O. Markina
Keyword(s):  
Comparative Analysis ◽  
Russian Federation ◽  
Evidence Base ◽  
Financial Ratios ◽  
Annual Reports ◽  
Normative Values ◽  
Baltic Countries ◽  
The Russian Federation ◽  
The Baltic ◽  
A Company

The article describes the methods of financial and economic examinations to determine the insolvency of a company in the Baltic countries, Republic of Armenia, Ukraine, Republic of Belarus, the Russian Federation and Republic of Kazakhstan. The signs of insolvency regulated in legislation of the countries, and international requirements for the validation of expert methods are presented in the article. The authors present the results of a comparative analysis of the considered methods for assessing insolvency and results of testing methods based on data of annual reports of focus group of five Latvian bankrupt companies. The research has shown that the expert methods of all eight countries are based on a normative approach — comparing the calculated financial ratios with their normative value. In Ukraine, Republic of Belarus, the Russian Federation and Republic of Kazakhstan, the financial ratios and their normative values are approved in the legislation of the countries. In the Baltic countries and Republic of Armenia, these ratios and their values are developed in approved expert methodologies. The method of «net assets» is also used to assess the solvency of large companies. The test results showed that the methods of the countries reviewed are applicable in practice and give a similar assessment of the solvency of companies as a whole. More similar results present the methods of the Baltic countries, Ukraine and Republic of Belarus. The results of the methods of Republic of Armenia, Kazakhstan and the Russian Federation are more similar to each other, but slightly differ from the previously listed group of countries. The authors demonstrated the ability to validate the expert methods, which is necessary to use an expert conclusion on the assessment of insolvency as an evidence base in another country.

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