The aim of this paper is to develop a comprehensive analysis of the shock therapy model of transition. As such the model requires an analysis of what I define as the primary elements: economic analysis, definition of a good society, speed, political structure, ideological structure and initial...

The aim of this paper is to develop a comprehensive analysis of the shock therapy model of transition. As such the model requires an analysis of what I define as the primary elements: economic analysis, definition of a good society, speed, political structure, ideological structure and initial...

In this paper, we employ a block structured near-vector autoregression in order to compare the reactions to euro area shocks in four new member states (Bulgaria, Hungary, Czech Republic and Romania) and in the old member states of the EU. The methodology adopted also allows us to study the...

Political economy literature acknowledges the importance of democratic learning and of fiscal rules in preventing politically driven deficits. This paper investigates the role of these factors for the Political Budget Cycles in the ten Central and East European (CEE) countries from 1990 to 2010....

Singapore-New Zealand bilateral relations are long-standing and based on a close political, economic and defence ties. Being small in economic size and population, both nations have undergone some challenges in a bid to improve their national competitiveness and innovation landscapes. This paper...

In our brief study, we try to address one of these market inefficiencies, by studying the Indian retail sector, which has posed as a structural defect causing a political battle rather than an economic one. We take a historical outlook to the contribution of retail and wholesale sector in our...

A central goal that has eluded most countries in sub-Saharan Africa is to effectively manage their natural resources, develop diversified and prosperous economies, and as a result, improve the standard of living of their citizens. This paper draws from the framework of diversification and...

The paper focuses on the monetary transmission process in selected Central and Eastern European Economies assuming their future accession to the Euro Area. A sufficient degree of homogeneity between these countries and the Euro Area with respect to economic environment and the reaction to...

In this paper, the author analyses competitiveness of Polish economy since year 1990. After discussing the meaning of competitiveness, he uses Porter's Diamond to critically analyse various dimensions of economic competitiveness of Poland. Finally, he suggests some changes in economic policy, in...

We examine the tax-growth nexus in Zimbabwe using parametric and non-parametric analysis. We use a two-stage estimation procedure that first generates efficiency scores for the country using a Data Envelopment Approach. We use the efficiency scores in the second stage to normalise growth to get...