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Exploring policy complementarities in transition economies : the case of Kazakhstan
Punthakey, Jibran J. - 2014
Policy complementarities have often been overlooked in transition economies, leading to the exclusion or partial adoption of reforms. This paper examines the key determinants of successful transition strategies, and concludes that an approach exploiting complementary relationships and...
Persistent link: https://www.econbiz.de/10010430646
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The Relationship between Foreign Direct Investment and Economic Growth : Evidence from Transitional Countries
Apergis, Nicholas - 2007
This paper examines the importance of Foreign Direct Investment (FDI) on economic growth. Using a panel data set for 27 transition economies over the period 1991-2004 as well as the methodology of panel cointegration and causality tests, the empirical findings show that FDI does exhibit a...
Persistent link: https://www.econbiz.de/10012729971
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Inter-Relationship between Economic Growth, Savings and Inflation in Asia
Chaturvedi, Vaibhav - 2008
The present study examines the inter-relationship between economic growth, savings rate and inflation for south … between savings rate and growth has been found to be bi-directional and positive. Inflation has a highly significant negative … effect on growth but positive effect on savings rate. Inflation is not affected by growth but is largely determined by its …
Persistent link: https://www.econbiz.de/10012723525
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Capitalizing China
Fan, Joseph P. H. - 2013
savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …
Persistent link: https://www.econbiz.de/10013091974
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Growth and structural changes in transition countries : the chicken or the egg?
Olczyk, Magdalena; Kordalska, Aleksandra - 2018
The theoretical analysis of structural changes in the context of economic growth has a long tradition. However, studies which analyze the empirical relationship between these two economic categories are still very rare. In the literature, whether growth causes structural changes or the other way...
Persistent link: https://www.econbiz.de/10011844751
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Foreign Direct Investment in the Financial Sector : The Engine of Growth for Central and Eastern Europe?
Eller, Markus; Haiss, Peter R.; Steiner, Katharina - 2011
This paper examines the impact of financial sector foreign direct investment (FSFDI) on economic growth by estimating a panel data model for 11 Central and Eastern European countries (CEECs) between 1996 and 2003 in a cross-country growth accounting framework. The analysis concentrates on the...
Persistent link: https://www.econbiz.de/10014060105
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Effect of Income Inequality on Aggregate Saving : A Panel Analysis
Deniz, Pinar - 2019
Savings problem has become a crucial issue since it is one of the reasons of today's frequently … savings, overcoming inequality should be held as a prior economic and social policy. In this study, the relationship between … aggregate domestic savings as a ratio of GDP and GINI coefficient as an indicator of income inequality are tested under “Second …
Persistent link: https://www.econbiz.de/10012896923
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FDI Role in Promoting the Economic Growth - A Problem Still Ambiguous
Masca, Simona Gabriela - 2007
Even promoted in a systematic manner, the policy of FDI attraction in order to generate economic growth in the Central and Eastern European countries is not totally justified. There are numerous theoretical fundaments but also the empirical evidences that contradict the catalytic role or...
Persistent link: https://www.econbiz.de/10012730938
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Growth, Reform Indicators and Policy Complementarities
Braga de Macedo, Jorge - 2006
This paper discusses the design of structural policies by relating second-best results and the complementarity of reforms. It computes a complementarity index based on structural reform indicators compiled by the EBRD for transition countries, assuming that the run-up to EU integration...
Persistent link: https://www.econbiz.de/10012733322
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Does financial development enhance foreign trade in selected transitional economies?
Tsaurai, Kunofiwa; Hlupo, Patience - In: Comparative economic research : Central and Eastern Europe 23 (2020) 4, pp. 69-86
The study investigates the influence of financial development on foreign trade in transi- tional economies using panel data (1994-2014). Although empirical studies on the im- pact of financial development on foreign trade are available, none of them that the au- thors are aware of attempted to...
Persistent link: https://www.econbiz.de/10012419340