scholarly journals Process and effects of financial liberalization in transition countries: A selective literature survey

2009 ◽  
Vol 56 (4) ◽  
pp. 453-473 ◽  
Author(s):  
Claude Berthomieu ◽  
Anastasia Ri
Keyword(s):  
Transition Economies ◽  
Financial Liberalization ◽  
Transition Countries ◽  
Literature Survey ◽  
Medium Size ◽  
Economic Sector ◽  
Financial Problems ◽  
Large Sample ◽  
Financial Changes

This paper aims at reviewing selected literature on (1) structural financial changes observed in a large sample of transition economies in the Central and/or Oriental Europe during the last two decades, (2) efficiency of this financial liberalization in relative terms (in macroeconomic sense), and (3) impact of liberalization on financial problems of small and medium-size enterprises, a specific 'puzzle' concerning this very important economic sector as for its role in the employment and growth of these economies.

scholarly journals X-ray Flare Rate of T Tauri Stars in Taurus

1995 ◽  
Vol 151 ◽  
pp. 216-217
Author(s):  
R. Neuhäuser ◽  
Th. Preibisch
Keyword(s):  
Star Formation ◽  
Main Sequence ◽  
T Tauri Stars ◽  
Medium Size ◽  
Late Type ◽  
Large Sample ◽  
X Ray ◽  
T Tauri ◽  
Sky Survey ◽  
Low Mass

AbstractWe study the X-ray emission of several hundred (young, low-mass, late-type, pre-main sequence) T Tauri stars (TTS) in the Taurus T association, a nearby well-studied region of ongoing star formation. We report on X-ray emission variability of TTS as observed with the flux-limited ROSAT All-Sky Survey (RASS). Since RASS observations are spatially unbiased, we can investigate the X-ray flare rate of TTS on a large sample. We find that large flares are very rare (once per year), while medium-size flares can occur once in ∼ 40 days.

scholarly journals Impact of Insurance Market on Economic Growth in Post-Transition Countries

2014 ◽  
Vol 44 (1) ◽  
pp. 92-105 ◽  
Author(s):  
Jaba Phutkaradze
Keyword(s):  
Economic Growth ◽  
Transition Economies ◽  
Fixed Effect Model ◽  
Transition Countries ◽  
Insurance Market ◽  
Effect Model ◽  
Annual Total ◽  
Dataset Analysis ◽  
Insurance Penetration ◽  
Cross Country

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.

Assessment of the Level of Constitutionalism in Transition Economies

2018 ◽  
Vol 8 (7) ◽  
pp. 2128 ◽  
Author(s):  
Gagik HARUTYUNYAN ◽  
Hayk SARGSYAN ◽  
Ruben GEVORGYAN
Keyword(s):  
Comparative Analysis ◽  
Transition Economies ◽  
Transition Countries

This work proposes a methodology for a comparative analysis of the level of constitutionalism and a methodology based on it for constitutional diagnosis and monitoring. This technique is particularly useful for studying the level of constitutionalism in transition countries. It has succeeded in classifying countries by level of constitutionalism and determining their cluster-forming factors.

scholarly journals Material Well-being and Happiness in Transition Countries

2017 ◽  
Vol 20 (2) ◽  
pp. 21-32 ◽  
Author(s):  
Marko Družić ◽  
Martina Majstorović
Keyword(s):  
Panel Data ◽  
Transition Economies ◽  
Full Employment ◽  
Well Being ◽  
Transition Countries ◽  
Additional Research ◽  
Gdp Growth ◽  
Macroeconomic Variables ◽  
The World ◽  
The Subject

Abstract The purpose of this paper is to further the research of the connection between material well-being and happiness in transition economies. We analyzed panel data obtained from the World Database of Happiness and Eurostat. Our results indicate that out of all the major macroeconomic variables (GDP, employment, inflation, taxes etc.), the most significant (and the only stable) predictor of changes in happiness in transition countries is the level of employment. The results are consistent with a hypothesis of a still prevalent “socialist mentality” in the analyzed sample of countries which are all formerly socialist economies that typically place high (or full) employment as the highest economic priority (as opposed to GDP growth, low inflation etc.). Our results differ from the conclusions of the few studies done on this sample of countries, which suggests additional research on the subject is likely required.

scholarly journals A New Regulatory Understanding towards Turkey and Transition Economies

2017 ◽  
Author(s):  
Yeşim Reel
Keyword(s):  
Developing Country ◽  
Transition Economies ◽  
World Economy ◽  
Transition Countries ◽  
High Potential ◽  
Economic Relations ◽  
The World ◽  
Regulatory Institutions ◽  
Implementation Problems

Turkey has many important economic relations with transition countries. Furthermore, there is high potential that these relations are getting to be stronger. Meanwhile, the importance of regulation of sectors in these economies, is increasing for both side. However, adaption of regulatory institutions could play the key role in making stronger the economic relations. Besides, the problems of the world economy lead to discuss about the functioning of the regulatory institutions, the qualifications of employees, and new implementation of regulation. Turkey as a developing country, has some regulatory institutions in order to regulate some specific sectors. Yet, these regulatory institutions have poorly performed because of facing challenges. For these reasons, existing regulatory understanding and implementation problems should be evaluated, and so that, new regulatory understanding should be created. In order to make efficient evaluation, primarily, the explanation about dominant factors of establishing on regulatory institutions, are given. The main point of the evaluation could provide to have new regulatory understanding. Additionally, the evaluation of regulatory institutions and understanding in Turkey may also provide that the new understanding to transition economies. Hence, all the explanations and evaluations are suggested to support implementing efficient regulation in transition countries.

scholarly journals Comparative studies of risk, concentration and efficiency in transition economies

2015 ◽  
Vol 5 (4) ◽  
pp. 177-186 ◽  
Author(s):  
Khurshid Djalilov ◽  
Serhiy Lyeonov ◽  
Anna Buriak
Keyword(s):  
Technical Efficiency ◽  
Transition Economies ◽  
Risk Taking ◽  
Comparative Studies ◽  
Concentration Ratio ◽  
Transition Countries ◽  
Stable Period ◽  
Late Transition ◽  
Using Data ◽  
Early Transition

This paper compares the risk taking behaviour of banks in two groups of early and late transition countries during two periods: the pre-crisis (2000-2006) and the financially turbulent (2007-2012). Using data for 254 banks for the period 2000-2012 we find that during the stable period (2000-2006) the banks with higher concentration and higher technical efficiency take more risks in the late transition countries, while this is ambiguous for the turbulent period (2007-2012). This supports the ‘competition-stability’ hypothesis during the stable period (2000-2006) for the late transition countries. Although the concentration ratio did not change much in the early transition countries for the periods 2000-2006 and 2007-2012, the banks with higher concentration and higher technical efficiency tend to take less risks during the stable period (2000-2006), but more during the turbulent period (2007-2012).

scholarly journals Two sides of economic openness: non-tariff barriers to trade and capital controls in transition countries, 1993–2000

2003 ◽  
Vol 36 (2) ◽  
pp. 231-243 ◽  
Author(s):  
T. Bodenstein ◽  
T. Plümper ◽  
G. Schneider
Keyword(s):  
Transition Economies ◽  
Capital Controls ◽  
Transition Process ◽  
Transition Countries ◽  
Economic Liberalization ◽  
The Political ◽  
Economic Openness ◽  
Data Set ◽  
Economic Relations ◽  
Two Sides

This article presents new measures of foreign economic openness in the transition countries that allow us to distinguish between non-tariff barriers to trade and capital controls. We argue that this distinction is important for the analysis of foreign economic relations in the postcommunist world. While most states lowered barriers to trade since 1993, they increased the number of capital controls, which had been low at the beginning of the transition process. The ELITE (Economic Liberalization in the Transition Economies) data set, which is based on the IMF statistics on exchange arrangements and exchange restrictions and encompasses 24 transition countries, further demonstrates important exceptions to this trend. The comparison of the ELITE indicators with alternative measurements of economic openness indicates the need to move towards more refined analyses of the political economy of the transition process.

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