Does it payoff to research economics—A tale of citation, knowledge and economic growth in transition countries

Abstract The purpose of this work is to identify whether the development of an insurance market is linked to economic growth in former transition countries. A multiple regression analysis is employed to estimate the insurance-growth relationship, using a cross-country panel dataset analysis tracking annual total insurance penetration in 10 countries over the 2000-2012 period, and applying a fixed effect model to test the hypothesis that this linkage is demonstrably positive. The results show a negative and statistically non-significant correlation between insurance and GDP growth, suggesting a lack of evidence that insurance promotes economic growth in post-transition economies.

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FINANCIAL MANAGEMENT IN ECONOMIC GROWTH OF TRANSITION COUNTRIES IN KOSOVO WILL BE SPECIAL

Knowledge International Journal ◽

10.35120/kij2801165k ◽

2018 ◽

Vol 28 (1) ◽

pp. 165-169

Author(s):

Baki Koleci

Keyword(s):

Economic Growth ◽

Economic Development ◽

Financial Management ◽

Banking Industry ◽

Negative Impact ◽

Banking System ◽

Transition Countries ◽

Investment Funds ◽

Ongoing Research ◽

Explanatory Variables

The link between financial management and economic growth is a matter that is constantly being studied and discussed by various authors. The banking industry is an important source of economic development in the country, both in the private and public sectors. The lack of data for a multi-annual period remains a continuing problem for Kosovo's economy. Through multiannual data researchers and scholars will be able to draw the most accurate conclusions for transition countries.Through this study, we will show the empirical link between financial management, the banking system, economic growth in transition countries, and especially data from Kosovo. We will domenstrate throw the Regression Model (OLS) and three explanatory variables: Inflation, Credit to Household Economics and Credit Enterprise, we will reach the hypothesis conclusion.The results of regression show a positive and negative correlation between financial management, credit, and economic growth. From the results obtained, lies the hypothesis: where credit to households has a negative impact on economic growth. But the hypothesis is based: where the credit of the enterprise has a positive economic growth, while the offspring turns negative with economic growth.The purpose of this work is to fill this poor gap. New and ongoing research makes data completion, delivering the most accurate results and scope for improving financial policies.Various banking functions point to their importance for an effective and stable banking system as indispensable for the country's economy. Therefore, bank supervisors have an increased responsibility for monitoring and maintaining the healthy operation of a banking industry in a country. Moreover, individual entrepreneurs or investors usually lack sufficient capital to continue with their projects. Commercial banks provide mediation services that unite savers and investors by channeling theoretically investment funds for uses that bring the highest rate of return, increasing the specialization and division of labor (Todaro, 2003). The neoclassical growth model tells us that an increase in effective savings investments in new and innovative projects is one of the main economic growth generators (quoted in Armenta). The provision of credit is of utmost importance because mobilized assets can be rationally utilized, using them in the sphere of production, speeding up the reproduction process, turnover and other sectors, which are accounted for as sectors that accelerate economic development. Loans are very important and one of the main factors in stimulating economic development in the region, so the focus in the first part of this paper will be analysis of the role of loans and their impact on economic growth (credit growth in GDP) , where the main interest in this paper will be Kosovo.

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Infrastructure, institutions, and economic growth in transition countries: A dynamic panel data approach

International Scientific Days 2016 :: The Agri-Food Value Chain: Challenges for Natural Resources Management and Society :: Proceedings ◽

10.15414/isd2016.s12.01 ◽

2016 ◽

Author(s):

Gohar Badalyan ◽

Thomas Herzfeld ◽

Miroslava Rajčániová

Keyword(s):

Economic Growth ◽

Panel Data ◽

Transition Countries ◽

Dynamic Panel Data ◽

Dynamic Panel

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Rule of Law, Economic Growth and Shadow Economy in Transition Countries

Journal of Asian Finance Economics and Business ◽

10.13106/jafeb.2020.vol7.no4.145 ◽

2020 ◽

Vol 7 (4) ◽

pp. 145-154

Author(s):

Thi Thuy Huong LUONG ◽

◽

Tho Minh NGUYEN ◽

Thi Anh Nhu NGUYEN

Keyword(s):

Economic Growth ◽

Rule Of Law ◽

Shadow Economy ◽

Transition Countries

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Investment models in transition process

Ekonomski pregled ◽

10.32910/ep.71.1.4 ◽

2020 ◽

Vol 71 (1) ◽

pp. 67-85 ◽

Cited By ~ 1

Author(s):

Jelena Andrašić ◽

Branimir Kalaš ◽

Vera Mitrović ◽

Nada Milenković

Keyword(s):

Economic Growth ◽

Bosnia And Herzegovina ◽

Transition Process ◽

Transition Countries ◽

Investment Model ◽

Institutional Distance ◽

Mutual Exchange ◽

Partial Ownership ◽

Investment Models ◽

Multivariate Cluster

Based on a theoretical review of investment models through full and partial ownership, the aim of the paper is to provide an examination of factors that influence to the choice of investment model in six transition countries from region provide recommendations that which investment models would be appropriate between observed countries. Using a multivariate cluster analysis on a sample of six transition countries from region, a grouping of countries was carried out according to next criteria in the period 2000- 2014: a) economic growth, b) competitiveness and c) institutional distance. The results of analysis have shown that Serbia, Bosnia and Herzegovina, Montenegro and Macedonia should choose the investment model of partial ownership when investing in Croatia and Slovenia. Slovenia and Croatia should choose investment model of full ownership when investing in Bosnia and Herzegovina and Macedonia, especially in Serbia and Bosnia and Herzegovina because they represent a growing market. Also, in mutual exchange, Slovenia and Croatia should choose models of full ownership, as well as Serbia, Montenegro, Macedonia and Bosnia and Herzegovina.

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