Download or read book Determinants of Economic Growth in Transition Economies written by Yui Suzuki and published by . This book was released on 2014 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a modified two-gap model and analyses the impact of international trade and domestic savings on the economic growth in the transition countries. The model indicates that economic growth is constrained by domestic savings when the domestic savings are relatively scarce, whereas it is constrained by the availability of the foreign resources when the export capacity is relatively small. While the implications of the model are on the whole supported by the switching regression results, we yield an unexpected result, namely the negative relation between real GDP growth rate and domestic savings. This can be plausibly interpreted as the adjustment effect of the characteristics inherited from the old system, namely inefficiency in the centrally planned system and the high level of domestic savings. Alternatively, the weak financial intermediation in the transition economies and the prevalent banking crisis in relatively advanced transition countries can reconcile this unexpected relation.

Download or read book Back to the Future written by Nauro F. Campos and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates the determinants of long-run economic growth in transition economies. Discusses the limitations of available methods for assessing growth prospects in such countries.

Download or read book Determinants of Economic Growth written by Robert J. Barro and published by MIT Press. This book was released on 1997 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summarizes recent research from hundreds of empirical studies on economic growth across countries that have highlighted the correlation between growth and a variety of variables.

Download or read book Recovery and Growth in Transition Economies 1990 97 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the determinants of growth in 25 transition economies during 1990–97. The paper’s main finding is that macroeconomic stabilization, structural reform, and reduction of government expenditures are key to achieving sustainable growth. Although the initial effect of reforms on output may be negative, over time the best growth performances are in those countries with the greatest progress in implementing reforms. The analysis also confirms that although adverse initial conditions hurt growth, their effect is small compared to the other factors.

Download or read book Determinants of Economic Growth in Transition Economies written by Hyung-Gon Jeong and published by . This book was released on 2016 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: Instability in the North Korean economy and regime stands out as one of the most important challenges for the South Korean economy. However, despite the significance and severity of the issue, there is presently a comparative lack of research on the potential for change in the North Korean economy, or policy preparedness in the event it occurs.The purpose of this study is to suggest policy measures that would support the successful transition of the North Korean regime. To this end, the study estimates the determinants of economic growth of both market economies and transition countries. Furthermore, the study examines the characteristics of economic growth determinants by income level and draws implications for North Korea's transition to a market economy. Based on theoretical and empirical analysis, this study brings North Korea's transition and economic growth issues into the spotlight to elicit policy measures for the regime's economic growth, while at the same time suggesting the general direction for inter-Korean economic cooperation on the part of the South Korean government.

Download or read book Institutions Transition Economies And Economic Development written by Tim Yeager and published by Routledge. This book was released on 2018-02-07 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.

Download or read book Institution Building and Growth in Transition Economies written by Thorsten Beck and published by World Bank Publications. This book was released on 2005 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: "Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years. Their empirical analysis shows that countries that are more reliant on natural resources and spent a longer time under socialist governments are more likely to see former communists remain in power and to start the transition process with less open political systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, the authors also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition."--World Bank web site.

Download or read book External factors of economic growth in the transition economies of the Baltics and Central Asia written by Eldar Madumarov and published by GRIN Verlag. This book was released on 2008-04-16 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doctoral Thesis / Dissertation from the year 2007 in the subject Economics - Case Scenarios, grade: 1,0, Carl von Ossietzky University of Oldenburg (Institut für Volkswirtschaftslehre und Statistik), language: English, abstract: Im Kontext der zunehmenden Verflechtung von Volkswirtschaften können Außenhandel und Kapitalströme von besonderer Bedeutung sein, wenn die Wirtschaftswachstumsperspektiven der Länder in Betracht gezogen werden. Diese Aussage findet ihre Bestätigung in entgegengesetzten Wachstumsentwicklungen der baltischen und zentralasiatischen Transformationsökonomien, welche seit den frühen 1990er Jahren bedeutsame Änderungen hinsichtlich Wirtschaftsstruktur und Handelsmuster erfahren haben. Diese Arbeit untersucht, welche Rolle externe Faktoren im Wirtschaftswachstumsprozess in den Transformationsländern des Baltikums (Estland, Lettland und Litauen) und Zentralasiens (Kasachstan, Kirgisistan und Usbekistan) spielen. Dementsprechend lautet die Leitfrage dieser Untersuchung: Sind die betrachteten Wachstumsratenunterschiede in den Transformationsländern des Baltikums und Zentralasiens auf unterschiedliche Entwicklungen in ihren externen Sektoren zurückzuführen? Um diese Frage entsprechend zu beantworten, werden die Länder hinsichtlich der einzelnen zum Wachstum beitragenden Komponenten verglichen. Diese werden empirisch durch das Anwenden des Modells des durch die Zahlungsbilanz beschränkten Wachstums ermittelt. Mit der einfachen Version des Modells lässt sich die Wachstumsleistung der betrachteten Ökonomien mit deren Handelsverhalten, d.h. Exportkapazitäten und Importzwängen verbinden. Die erweiterte Version des Modells ermöglicht, die Wachstumsraten in deren Komponenten – den Effekt des realen Tauschverhältnisses, den Effekt des Exportwachstums und den Effekt der Kapitalzuflüsse – zu zerlegen. Aus den empirischen Ergebnissen kann geschlossen werden, dass die höheren zu beobachtenden Wachstumsraten der baltischen Ökonomien – verglichen mit denen der zentralasiatischen Ökonomien – in der Periode von 1994 bis 2005 auf höhere Werte der Gesamtheit von Exportwachstum, Kapitalzuflüssen und relativen Preisentwicklungen zurückzuführen sind. Die Wachstumsunterschiede innerhalb der betrachteten Regionen können analog erklärt werden. Ferner, ist davon auszugehen, dass die unterschiedlichen Ergebnisse hinsichtlich der angestrebten regionalen Integration bei der Erklärung der unterschiedlichen Wachstumsleistungen des Baltikums und Zentralasiens in Betracht gezogen werden sollten. Das Baltikum war erfolgreicher nicht zuletzt dank der geglückten Integration mit den Ökonomien der Europäischen Union. Zentralasien hat diesbezüglich hingegen weniger erreicht.

Download or read book Taking Down the Wall Transition and Inequality written by Mr.Serhan Cevik and published by International Monetary Fund. This book was released on 2020-02-14 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the main determinants of income inequality in transition countries during the period 1990–2018. To this end, we address a major methodological challenge that lies at the core of the cross-country literature on income inequality: the potential endogeneity of income growth, which is largely ignored by most empirical studies. We adopt a two-pronged empirical strategy by (i) using trading partners’ weighted average real GDP as an instrumental variable (IV), and (ii) estimating the model via the two-stage least squares (2SLS) approach for static models and the Generalized Method of Moments (GMM) estimator for dynamic models. Our empirical findings are consistent with the Kuznets curve that illustrates a nonlinear relationship between income inequality and the level of economic development. We also find that the redistributive impact of fiscal policy is statistically insignificant and taxation and government spending appear to have the opposing effects on income inequality in transition economies.

Download or read book Circumstance and Choice written by and published by World Bank Publications. This book was released on 1997 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Growth written by Philip Arestis and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the nature, causes and features of economic growth across a range of countries and regions. This title covers a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies. This enlightening and significant new volume focuses on the nature, causes and features of economic growth across a wide range of countries and regions. Covering a variety of growth related topics - from theoretical analyses of economic growth in general to empirical analyses of growth in the OECD, transition economies and developing economies - the distinguished cast of contributors address some of the most important contemporary issues and developments in the field. These include, amongst others: endogenous growth theory, Keynesian theories of the business cycle and growth, unemployment and growth, FDI and productivity spillovers, and knowledge externalities and growth. This useful analysis of the many facets of economic growth will be an essential read for those interested in economic theory and economic policy-making, as well as students and scholars of macroeconomics and finance.

Download or read book Transition Economics written by Gerard Turley and published by Routledge. This book was released on 2012-07-26 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market. Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important aspects of economic transition, including: The initial conditions at the outset of transition Paradigms and patterns of transition The main transition policies and economic reforms The performance of transition countries and firms The lessons from transition The textbook covers a wide range of both contemporary microeconomic and macroeconomic issues, in over thirty ex-socialist European and Asian countries, including Russia and China. Transition Economics: Two Decades On is more than just a book about a particular part of the world or the transformation that was experienced at a particular time in history. The authors believe that the study of the economics of transition gives the reader an insight into theories, policies, reforms, legacies, institutions, processes and lessons that have application and relevance, beyond the specific transition from plan to market, to other parts of the world and to other times in history.

Download or read book Applied Economics for Development Empirical Approaches to Selected Social and Economic Issues in Transition Economies written by Mahmut Zortuk and published by Vernon Press. This book was released on 2018-01-15 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transition economies experience transformation of their economic system. Following the disintegration of the Soviet Union, a number of former socialist countries underwent transitions from central planning to a market economy. More generally, many rapidly growing economies undergo no less profound transformations of their economic systems. Contrary to common misconception, the transition process cannot be simply reduced to eliminating state intervention and liberalizing the economy. Economies under transition exhibit a unique set of policy challenges. Unlike developed market economies, missing markets or market failures abound. Economic transformation takes the form of rapidly evolving patterns of international trade and investment, industrial structure and consumption. These changes call for appropriate public policies. A continuing flow of investment hinges on suitable institutions, the provision of public infrastructure and other public goods. Adequate regulation can be central in ensuring that environmental resources are sustainably managed. And sophisticated production systems, call for corresponding social institutions in terms of education, health and welfare provisions. In all these cases, accurate empirical assessments are central to the design of effective policy. This book presents a selection of pressing economic and social issues in transition economies. Selected issues include the development of particular industrial sectors, the drivers and consequences of foreign direct investment, public finances, urbanization, social indicators, environmental policy and energy diversification. In each case an original empirical analysis is performed, using a variety of advanced quantitative methods, applied to recent data. The book will be of interest to economists studying transition economies, economic development or having a general interest in applied economics. It will be of particular interest to applied economists, policy analysts and policy makers in transition economies, concerned with the shape and direction of appropriate economic reforms.

Download or read book Stabilization and Growth in Transition Economies written by Mr.Stanley Fischer and published by International Monetary Fund. This book was released on 1996-04-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former Soviet Union, and Mongolia for the period 1989-1994. Inflation rates have declined significantly in most countries following an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years. Reducing inflation thus appears to be a precondition for growth. An econometric analysis of the short-run determinants of inflation and growth illustrates the key roles of fixed exchange rates, improved fiscal balances, and structural reforms in spurring growth and lowering inflation, and confirms that inflation stabilization programs have been beneficial for growth even after controlling for structural reforms.

Download or read book The new Economy and Economic Growth in Transition Economies written by Marcin Piatkowski and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Transition Economies written by Aleksandr V. Gevorkyan and published by Routledge. This book was released on 2018-04-17 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This interdisciplinary study offers a comprehensive analysis of the transition economies of Central and Eastern Europe and the former Soviet Union. Providing full historical context and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world. While the future is yet to be determined, understanding the present phase of transformation is critical. The book’s core exploration evolves along three pivots of competitive economic structure, institutional change, and social welfare. The main elements include analysis of the emergence of the socialist economic model; its adaptations through the twentieth century; discussion of the 1990s market transition reforms; post-2008 crisis development; and the social and economic diversity in the region today. With an appreciation for country specifics, the book also considers the urgent problems of social policy, poverty, income inequality, and labor migration. Transition Economies will aid students, researchers and policy makers working on the problems of comparative economics, economic development, economic history, economic systems transition, international political economy, as well as specialists in post-Soviet and Central and Eastern European regional studies.

Download or read book Explaining Growth written by G. McMahon and published by Springer. This book was released on 2003-08-19 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explaining Growth attempts to compile the most comprehensive assessment of growth in developing and transition countries. The first phase has sought to review and discover broad similarities and comparable experiences in six regions spanning the developing world. In each region, studies were undertaken on sources of growth, markets and growth, microeconomic determinants of growth, and the political economy of growth. These reviews provide the framework for the in-depth country case studies in Phase II. This volume summarizes the main results of the regional analyses and sets the stage for the country studies.