scholarly journals Trade openness, economic growth and competitiveness. The case of the Central and Eastern European Countries

2016 ◽  
Vol 27 (2) ◽  
Author(s):  
Vaida Pilinkienė
Keyword(s):  
Economic Growth ◽  
Trade Openness ◽  
European Countries ◽  
Eastern European ◽  
Eastern European Countries

scholarly journals Patterns of Interrelationships between Inflation, R&D, Innovation, and Economic Growth: Evidence from Central and Eastern European Countries

2020 ◽  
Vol 22 (2) ◽  
pp. 5-33
Author(s):  
Ljubivoje Radonjić ◽  
◽  
Nevena Veselinović ◽  
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Primary Objective ◽  
Output Growth ◽  
European Countries ◽  
Eastern European ◽  
Innovation Activities ◽  
Private And Public ◽  
Eastern European Countries ◽  
The Impact

The primary objective of the article is to examine the nexus between inflation, R&D, patents, and economic growth within a group of Central and Eastern European countries (CEECs). The examination is conducted in two parts. First, the impact of total R&D expenditures on economic growth is observed, as well as the influence of growth on private and public R&D investments. Second, the conversion from private and public R&D investment to innovation, measured by the number of patents, is observed. Throughout the analysis, economic growth and inflation are representative of macroeconomic stability. The outcomes of the panel auto-regressive distributed lag estimation indicate that total R&D expenditures are essential and positively significant for economic growth in the observed countries. The results also show that output growth has a remarkably positive impact on generating private R&D expenditures. Such an influence is also found, but at a weaker level, in the case of public R&D expenditures. In this part of the analysis, inflation has demonstrated a harmful influence on R&D expenditures. The results of the second part indicate that public and private R&D expenditures, at a significant level, generate innovation activities, while the impact of inflation has proven to be unimportant.

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 Development Prospects of Banking Sector in Central and Eastern European Countries in Terms of Financial Integration

2021 ◽  
Vol 39 (7) ◽  
Author(s):  
Darya Chumachenko ◽  
Tatyana Derkach ◽  
Vitalina Babenko ◽  
Marharyta Krutko ◽  
Sergey Yakubovskiy ◽  
...  
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Financial Integration ◽  
Comparative Method ◽  
Financial Sector ◽  
Foreign Market ◽  
European Countries ◽  
Eastern European ◽  
Eastern European Countries ◽  
New Eu Members

This study examines banking transformations in Central and Eastern Europe (CEE) under conditions of economic liberalization, dependence between economic development of countries and efficiency of their banking systems. The comparative method and methods of economic-mathematical modeling were applied. Considering the positive correlation between financial structure and economic growth, confirmed by literature findings, the development of the financial sector can become a crucial factor in convergence for the new EU members. Analysis revealed lower depth of financial sector in Central and Eastern European countries region in comparison to the Eurozone, but higher efficiency and growth rates. Regression models confirmed the significant causality between financial sector expansion and economic growth of CEE countries, but extremely high foreign market shares in the banking sector of region create prerequisites for financial shocks transmission through contagion channel in case of economic instability in the countries of banks’ origin.

scholarly journals Investigating the Energy–Economic Growth–Governance Nexus: Evidence from Central and Eastern European Countries

2019 ◽  
Vol 11 (12) ◽  
pp. 3355 ◽  
Author(s):  
Ana-Maria Bercu ◽  
Gigel Paraschiv ◽  
Dan Lupu
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Good Governance ◽  
Electricity Consumption ◽  
Energy System ◽  
European Countries ◽  
Eastern European ◽  
Eastern European Countries ◽  
Transmission And Distribution

Achieving the goals of sustainable development and poverty reduction implies an important condition for access to electricity for the entire population. In the economic literature, the relationship between electricity consumption and economic growth has different perspectives. The lack of good governance within an economy, besides the deficiencies of energy resources, is a key issue in worsening energy issues for developing countries. These countries have failed to alleviate the energy crises that have hindered development prospects, amid flourishing corruption and inefficient governments. Our research, using a panel methodology, analyzes the long-term relationship between energy consumption, economic growth and good governance for 14 Central and Eastern European countries, over the period 1995–2017. The study demonstrates empirically that there is a causal relationship between electricity consumption and economic growth, underlining the fact that deficiencies in the energy system lead to slowing economic growth. The study also shows that good governance influences electricity and Gross Domestic Product (GDP) consumption, and the governments from Central and Eastern European countries have to restore good governance in the economy, creating an environment conducive to investment in the energy sector, which would increase competition and reduce inefficiencies in the production, transmission, and distribution of energy.

scholarly journals Fatal injuries and economic development in the population sample of Central and Eastern European Countries: the perspective of adolescents

2020 ◽  
Vol 65 (8) ◽  
pp. 1403-1412
Author(s):  
Michal Miovsky ◽  
Beata Gavurova ◽  
Viera Ivankova ◽  
Martin Rigelsky ◽  
Jaroslav Sejvl
Keyword(s):  
Economic Growth ◽  
Population Group ◽  
European Countries ◽  
Economic Indicators ◽  
Young Generation ◽  
Eastern European ◽  
Injury Mortality ◽  
And Gender ◽  
Eastern European Countries ◽  
Fatal Injuries

Abstract Objectives Researches consider the young generation (adolescents) to be the population group whose mortality from injury has the lowest effect on economic growth. The objective was to evaluate the relations between economic indicators and preventable injury mortality in Central and Eastern European Countries (CEECs), with a primary focus on adolescents. Methods The analyses included health indicators of preventable injury mortality and economic indicators that represent human development and economic growth in the CEECs from 1990 to 2016. The analytical process involved a population group divided by age (0–14 years: children, 15–24 years: adolescents, 25–74 years: adults) and gender. Descriptive analysis, cluster analysis and primarily panel regression analysis were used. Results Significant effects of economic indicators on drowning were found in all analysed relations. In the group of adolescents, significant effects of fatal falls were found. Overall, it can be concluded that the effects of fatal injuries are not homogenous between age and gender groups. Conclusions The effects of years and individual countries should be taken into account in the cross-sectional analyses. In terms of economic growth, public policies should focus on drowning in children, on falls in adolescents and on transport accidents, fire injuries and poisoning in adults.

scholarly journals Pollution and economic growth: Evidence from Central and Eastern European countries

2019 ◽  
Vol 81 ◽  
pp. 1121-1131 ◽  
Author(s):  
Dorina Lazăr ◽  
Alexandru Minea ◽  
Alexandra-Anca Purcel
Keyword(s):  
Economic Growth ◽  
European Countries ◽  
Eastern European ◽  
Eastern European Countries

The Impact of Information and Communication Technologies on Economic Growth and Electricity Consumption

2020 ◽  
pp. 307-324
Author(s):  
Burcu Berke ◽  
Gülsüm Akarsu ◽  
Gökhan Obay
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Electricity Consumption ◽  
Communication Technologies ◽  
European Countries ◽  
Eastern European ◽  
Economic Variables ◽  
Information And Communication ◽  
Eastern European Countries ◽  
The Impact

Information overload is an important issue in the digital economy. Although, information can be easily accessed and disseminated by widespread use of information and communication technologies (ICT) since 1990s; among countries, there are still significant disparities in information access and utilization as well as ICT access and usage. ICT affect economy, industries and companies holistically and have important functions like increasing economic growth and promoting development. The basic purpose of this study is to analyze the impact of ICT on economic growth and electricity consumption for a group of Balkan and Eastern European countries by using other economic variables that affect electricity consumption and growth, such as income and electricity consumption for control purposes. This study employed a panel data method on a group of Balkan and Eastern European countries to verify the effect of other economic variables, primarily electricity consumption and found that ICT had positive impacts on economic growth.

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