Showing 1 - 10 of 1,976
This paper challenges the conventional wisdom that income and consumption inequality in Poland increased substantially … income inequality increased in 1989 but subsequently declined to pretransition levels. The distribution of consumption … income inequality during the transition. However, the relative well-being of different socioeconomic groups was altered and …
Persistent link: https://www.econbiz.de/10011259807
Persistent link: https://www.econbiz.de/10005061263
The paper studies the relationship between two institutional innovations in monetary policy of the past few decades: central bank independence (CBI) and explicit inflation targeting (EIT). The aim is to make inferences about the optimal institutional design of monetary policy, and the right...
Persistent link: https://www.econbiz.de/10010988806
This research offers new insights into the effect of the Global Financial Crisis of 2007–2009 on the countries that used to be part of the Soviet bloc by focusing on a cross-regional comparison. Twenty-eight countries are grouped according to different criteria and the corresponding...
Persistent link: https://www.econbiz.de/10010989084
This paper explores the relationship between economic indicators and inward foreign direct investment (FDI) in the Central and Eastern Europe countries. We estimate a gravity model of FDI for ten countries covering the period 1993- 2010, employing the Seemingly Unrelated Regressions Method. The...
Persistent link: https://www.econbiz.de/10010860498
The paper examines the efficiency of Bulgarian banks and its determinants over the period 1999-2007. The levels of technical, allocative, and cost efficiency are estimated using a non-parametric methodology and then regressed upon a number of bank-specific, institutional, and EU-related factors....
Persistent link: https://www.econbiz.de/10010883357
The article is dedicated to the new conditions of countries’ development in the post-crisis period. Challenges to the cultural and socio-economic policy during last decade were analyzed. Religious factors are offered to be considered as important mechanisms of solving transition period...
Persistent link: https://www.econbiz.de/10010885029
After 1990, the crises in planned economies has resulted with accept of the free market system and disintegration of this country blocks. The transition economies are defined as process of approaching work to the free market system of markets. Privatization efforts especially in finance markets...
Persistent link: https://www.econbiz.de/10010937875
After twenty-five years of economic transition economic performance varies considerably in transition countries, while in most cases current outcomes show that the desired effects have not been achieved. In this paper we elaborate on why industrial policy has been a key missing element in the...
Persistent link: https://www.econbiz.de/10010938650
The paper demonstrates why the transition process is taking more time than predicted and why many countries are still far away from the projected goal: a developed market economy. Analysing the causes and re-examining the endogenous character of the transition progress, the authors conclude that...
Persistent link: https://www.econbiz.de/10010938652