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Russia’s support for authoritarian regimes through food trade Post-Communist Economies (IF 2.126) Pub Date : 2024-03-13 Stephen K. Wegren
The article explores the ramifications of Russia’s food hegemony. Russia is already a grain hegemon and other commodities are trending in that direction. From its hegemonic position, weaponised foo...
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The exodus of Western manufacturing corporations from Russia–the beginning Post-Communist Economies (IF 2.126) Pub Date : 2024-03-12 Igor Gurkov, Nikolay Filinov, Zokirzhon Saidov
This study aims to depict the dramatic exit of Western multinational corporations (MNCs) from Russia after the escalation of the Russia – Ukraine conflict and the beginning of military action betwe...
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Deindustrialisation and reindustrialisation patterns in V4 countries – industry 4.0 as a way forward? Post-Communist Economies (IF 2.126) Pub Date : 2024-03-10 Oliver Kovacs, Endre Domonkos
This contribution aims at: (i) mapping the deindustrialisation and reindustrialisation tendencies over the economic history of the Visegrad countries (Czechia, Hungary, Poland and Slovakia, hencefo...
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The machine tool industry of Russia at a time of war and sanctions Post-Communist Economies (IF 2.126) Pub Date : 2024-03-08 Julian Cooper
The article is devoted to an analysis of the development of the Russian machine tool industry before and after Russia’ invasion of Ukraine in February 2022. It reviews the history of the industry i...
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From wars to waves: geopolitical risks and environmental investment behaviour Post-Communist Economies (IF 2.126) Pub Date : 2024-03-05 Vitor Gabriel, Andreia Dionísio, Dora Almeida, Paulo Ferreira
This study investigates the impact of geopolitical risk (GPR) on sustainable investments, focusing on five global environmental indices and two global GPR indices. Using Corrected Dynamic Condition...
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The reorientation of Russia’s trade corridors since the invasion of Ukraine Post-Communist Economies (IF 2.126) Pub Date : 2024-03-05 Stephen Fortescue
The invasion of Ukraine in February 2022 brought urgency to Russia’s reorienting of its key international trade corridors. Shifts in trade flows had been developing for some time before the invasio...
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Trust and corruption in the Czech Republic: evidence from a new generation of managers Post-Communist Economies (IF 2.126) Pub Date : 2024-03-05 Nathalie Benesova, John Anchor
Transition in Central and Eastern Europe (CEE) since 1989 has received much attention from various academic disciplines. However, the relationship between trust and corruption in the CEE context re...
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Private sector perspective on corruption and informality: a comparative analysis of Serbia and Croatia Post-Communist Economies (IF 2.126) Pub Date : 2024-02-01 Barbara Frey, Bruno Škrinjarić, Jelena Budak
Corruption and informality in business are research topics that have previously received less attention among scholars, especially in Southeast Europe. To fill this gap, and to bring some clarity t...
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Trade unions and workers’ welfare in Vietnam Post-Communist Economies (IF 2.126) Pub Date : 2024-02-05 Dung Kieu Nguyen, Thi Bich Tran, Mai Thi Xuan Nguyen, Anh Thi Mai Pham
The role of trade unions in the labour market is currently a hot topic in Vietnam as there is a plan to transition from a single state-led union system to a new system that allows the participation...
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Social trust and risky financial market participation: Evidence from China Post-Communist Economies (IF 2.126) Pub Date : 2024-02-05 Xinxin Ma
The Chinese government has promoted the development of risky financial markets under the market-oriented reform period. Meanwhile, social trust has changed with institutional transitions. This stud...
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Language skills and unemployment: post-Soviet bilingualism in Latvia Post-Communist Economies (IF 2.126) Pub Date : 2024-02-05 Kadri Männasoo, Miina Hõbenael, Svetlana Ridala
This study investigates the relationship between the unemployment of working-age men with their skills in the local languages, Russian and Latvian, and in English, the most spoken foreign language ...
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Captured institutions and permeated business – the longevity of Hungarian autocracy Post-Communist Economies (IF 2.126) Pub Date : 2024-02-01 Andrea Éltető, József Péter Martin
The aim of the article is to show how modern autocracies can distort traditional institutions’ principles of functioning and form state–business relations for their own benefit. Our case study is H...
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Uncertainty in Central and Eastern European markets. Evidence from Twitter-based uncertainty measures Post-Communist Economies (IF 2.126) Pub Date : 2024-01-31 Paweł Kropiński
Increasing uncertainty has frequently been associated with alterations in investor behaviour in scientific discourse. Central and Eastern Europe (CEE) despite generating 10% of the EU’s GDP, has la...
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A thickened demand for populism: comparison of voters’ attitudes in CEE and Western Europe Post-Communist Economies (IF 2.126) Pub Date : 2024-01-26 Paulina Lenik
Central and Eastern European (CEE) public has the lowest level of political trust in the EU, is sceptical about democracy, is more open to welfarism, but not to gender equality. The article present...
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What drives the hidden side of Uzbekistan’s shadow economy? Post-Communist Economies (IF 2.126) Pub Date : 2024-01-15 M. Ishaq Bhatti, Nicolas Hamelin, Temurbek Saidov
This study examines factors influencing Uzbekistan’s shadow economy rate, with a focus on GDP, corruption index, tax rate (TR), and the unemployment rate. Using a quantitative approach, we analyse ...
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Research and development expenditures, technology spillovers, and green productivity in agriculture: an empirical analysis Post-Communist Economies (IF 2.126) Pub Date : 2024-01-15 Haiyan Deng, Boqun Lyu, Zhiyang Shen, Michael Vardanyan
We study the relationship between technology spillovers from trade, domestic research and development (R&D) spending, and the growth in green total factor productivity within the agricultural secto...
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Drivers of household saving in East Central European countries. A push and pull model perspective Post-Communist Economies (IF 2.126) Pub Date : 2024-01-15 Viktória Endrődi-Kovács, Vivien Czeczeli, Gábor Kutasi
There is no consensus in the economics theory about the determinants of household saving. The article composes vector error correction (VEC) models to identify the determinants of household saving ...
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Return of activist state in a former transition star: the curious case of Hungary Post-Communist Economies (IF 2.126) Pub Date : 2023-12-18 Péter Ákos Bod
European governments have become more active in economic affairs since the great financial crisis of 2008; the Covid-19 epidemic and Russia’s war in Ukraine have triggered a variety of government i...
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Windfall revenues and structural balance in the Czech Republic Post-Communist Economies (IF 2.126) Pub Date : 2023-10-27 Jan Pavel, Jana Tepperová, Markéta Arltová
Analysis of the structural balance is a crucial element for assessing the character of fiscal policy. However, this approach entails potential shortcomings, where some tax revenues may be affected ...
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The link between household savings rates and GDP: evidence from the Visegrád group Post-Communist Economies (IF 2.126) Pub Date : 2023-10-16 Nikola Šubová, Ján Buleca, Ermanno Affuso, Franklin G. Mixon Jr.
During the past two decades, two global events highlighted the importance of household savings to economies and individuals, and their relation to economic activity and growth. First, the Global Fi...
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Total factor productivity gap between the “New” and “Old” Europe: an industry-level perspective Post-Communist Economies (IF 2.126) Pub Date : 2023-07-28 Dragana Radicic, Zoran Borovic, Jelena Trivic
The main goal of this article is to investigate the source of productivity growth for the Central and Eastern Europe (CEE) countries, at the industry level, based on the Schumpeterian creative dest...
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Foreign divestment and domestic investment in Eastern European countries Post-Communist Economies (IF 2.126) Pub Date : 2023-07-27 Justice Gameli Djokoto, Eglantina Hysa, Egla Mansi
Divestment is an inevitable decision by businesses including multinationals. Its implication for domestic investment has not been investigated especially in Eastern European countries. We used data...
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Glass ceiling or glass cliff: an examination of the role of female board members on market performance in Poland Post-Communist Economies (IF 2.126) Pub Date : 2023-07-27 Maria Aluchna, Benson Honig, Bogumił Kamiński
We examine gender bias related to the effect of women in executive management leadership. Specifically, we examine when women are recruited to executive positions and follow companies’ market perfo...
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Strategic drivers behind the digital transformation of subsidiaries: a longitudinal approach Post-Communist Economies (IF 2.126) Pub Date : 2023-07-26 Krisztina Demeter, Dávid Losonci, Andrea Szalavetz, Máté Baksa
This study explores the strategic drivers of digital transformation (DT) at subsidiaries. Our research framework derives strategic drivers from a tripod model that integrates the resource-based, th...
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How are Russia’s industries adapting to Western economic pressure? The case of gold Post-Communist Economies (IF 2.126) Pub Date : 2023-07-25 John Kennedy
In this article the author draws on materials including government policies, corporate and media reports, and analysis of industry trends, to describe the development of Russia’s gold industry sinc...
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Determinants of product sophistication in Vietnam: findings from the firm–multi-product level microdata approach Post-Communist Economies (IF 2.126) Pub Date : 2023-07-24 Ha Thi Tran, Hoan Quang Truong, Chung Van Dong
By using data from the Vietnam Enterprise Survey and applying the fixed effect model, this study investigates the determinants of product sophistication at the firm – multi-product level in Vietnam...
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FDI spillovers and productivity in Vietnamese manufacturing industries - new insights from the unconditional quantile regression Post-Communist Economies (IF 2.126) Pub Date : 2023-07-21 Thanh Tam Nguyen-Huu
ABSTRACT This research investigates the effects of FDI spillovers on the productivity of domestic firms by relying on unconditional quantile regression. Using panel data of Vietnamese enterprises over the period 2000–2012, we find evidence of positive spillovers for firms at the lower tails and negative spillovers for those at the upper tails of the productivity distribution. Time and the firm’s legal
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Problems and prospects for organic agriculture in Russia Post-Communist Economies (IF 2.126) Pub Date : 2023-07-20 Stephen K. Wegren, Alexander M. Nikulin, Irina Trotsuk
Russian policymakers have ambitions to become a major exporter of organic foods, capturing as much as 10% of the world’s organic market. Russia’s war with Ukraine and subsequent Western sanctions r...
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Innovations and their complementarities: which types of innovations drive export performance? Post-Communist Economies (IF 2.126) Pub Date : 2023-05-29 Oleg Mariev, Natalia Davidson, Karina Nagieva, Andrey Pushkarev
This paper analyses the impacts of different innovation types and personnel training on manufacturing firms’ export performance in Russia. We use Business Environment and Enterprise Performance Sur...
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Estimation of a small open economy DSGE model for Kazakhstan Post-Communist Economies (IF 2.126) Pub Date : 2023-05-25 Erlan Konebayev
This paper adapts and estimates the DSGE model of Medina and Soto (2007) in the context of Kazakhstani economy. The main goal of the paper is to contribute to the scarce macroeconomic modelling lit...
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Institutions, corruption and transparency in effective healthcare public procurement: Evidence from Central and Eastern Europe Post-Communist Economies (IF 2.126) Pub Date : 2023-05-24 Peter Nemec, Veronika Ďuricová, Matus Kubak
ABSTRACT The benefits of good procurement practices in the healthcare sector are well known. Indeed, the importance of transparent, effective and efficient procurement of medical goods and services has gained momentum even more in light of the recent Covid-19 pandemic. However, there is little evidence of how traditional factors occurring on a procedure or contract level affect the effectiveness of
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Is there an asymmetric effect of exchange rate volatility on exports and imports in the Central, East and Southeast European countries? Post-Communist Economies (IF 2.126) Pub Date : 2023-05-23 Safet Kurtović, Nehat Maxhuni, Blerim Halili, Arta Maxhuni
ABSTRACT The main objective of this paper is to assess the asymmetric effect of exchange rate volatility on the exports and imports of 17 Central, East and Southeast European (CESEE) countries. For this purpose, the linear and non-linear autoregressive distributed lag (ARDL) model and annual data for the 1995–2020 period were used. Empirical results of the assessment showed an asymmetric effect of
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Investment dynamics in central and eastern Europe: a nonlinear approach Post-Communist Economies (IF 2.126) Pub Date : 2023-05-10 Estefanía Mourelle, Juan Carlos Cuestas
ABSTRACT The aim of this article is to understand the dynamics of investment in Central and Eastern European Countries (CEECs). The role that investment plays in the economic development is of particular interest in these countries, as, on the one hand, they have experienced a transition to market economies and, on the other hand, they have joined the European Union. This study contributes to the related
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Misuse of institutions and economic performance: some evidence from Serbia Post-Communist Economies (IF 2.126) Pub Date : 2023-05-07 Marko Tmušić
ABSTRACT Having in mind the current global trends and the transition processes, it is necessary to explain the role, influence, and importance of institutions in providing conditions for economic growth and development. Theory has proven, and practice confirms, that the institutional structure (the way of forming institutions, decision-making process, decision-making effectiveness, and economic justification
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The impact of fdi and regional factors on economic growth in Vietnamese provinces: A spatial econometric analysis Post-Communist Economies (IF 2.126) Pub Date : 2023-04-10 Hoang Hong Hiep, Bui Nhat Quang, Huynh Cong Minh
ABSTRACT By using spatial econometric models, this paper studies the impact of foreign direct investment (FDI) inflows and regional spatial factors on economic growth of 63 provinces in Vietnam over the period 2007–2018. Results show that, after controlling for the important factors of the growth model (human capital, physical capital, and institutional quality), FDI inflows have a rather limited direct
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Human capital and economic growth in Central Asia Post-Communist Economies (IF 2.126) Pub Date : 2023-04-07 Mirzobobo Yormirzoev
ABSTRACT This study explores the long-term economic performance in former Soviet republics of Central Asia for the last three decades. We look at sources of economic growth based on the extended version of the neoclassical growth model. Our key focus is to see whether human capital in the form of education and health inputs has an impact on growth rates in the region. Results show that over the entire
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Convergence patterns in income and manufacturing productivity in EU: does the latter drive the former? Post-Communist Economies (IF 2.126) Pub Date : 2023-03-30 Pavle Petrović, Mirjana Gligorić Matić
ABSTRACT While exploring convergence in real income and in manufacturing productivity of the central and eastern European countries (CEE) and the southern EU counties with the developed EU ones, testing and clustering methodology and sigma convergence are used. We found that CEE countries strongly converge, both in real income and manufacturing productivity, with developed EU countries, while the southern
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The performance of politically connected firms in South East Europe: state capture or business capture? Post-Communist Economies (IF 2.126) Pub Date : 2023-03-28 Will Bartlett
ABSTRACT This article investigates the effects of the political connectedness on the business performance of private sector firms in South East Europe. This question is relevant to contemporary ideas about the importance of ‘state capture’ in the region, and the article provides a new perspective on the nature and consequences of this phenomenon. Analysis of survey data reveals that political connections
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Time interval choices in forecasting stock market indices of CEE and SEE countries Post-Communist Economies (IF 2.126) Pub Date : 2023-03-15 Silvija Vlah Jerić
ABSTRACT The main objective of this analysis is to investigate how varying the forecast horizon and the input window length for calculating technical indicators affects the predictive performance of different machine learning algorithms on forecasting the direction of change of chosen stock market indices. Ten indices from CEE (Central and Eastern European) and SEE (Southern and Eastern European) countries
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Institutions and R&D engagement of SMEs in Laos Post-Communist Economies (IF 2.126) Pub Date : 2023-03-13 Helery Tasane, Gaygysyz Ashyrov, Sopheak Srun
ABSTRACT We investigate the association between research and development (R&D) engagement by small and medium enterprises (SMEs) and the institutional environment in Laos. We employed multivariate imputation by chained equations and full Bayesian inference to analyse data from the 2016 and 2018 World Bank Enterprise Surveys for Laos. Our findings show that Lao SMEs that engage in R&D are likely to
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Disentangling the semi-periphery: evolutionary trajectories and perspectives of the Austrian and Hungarian automotive industries Post-Communist Economies (IF 2.126) Pub Date : 2023-02-26 Andrea Szalavetz, Magdolna Sass
ABSTRACT This article explores the transition of integrated periphery countries to a semi-periphery status. It sets out to refine the broad category of ‘semi-periphery’, distinguishing between upper and lower-order semi-periphery. It shows that compared to established members of the automotive semi-periphery, newcomers are often poorly equipped to thrive in the new competitive environment. Since it
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Inequality in pre-industrial Bohemia: The city of Budweis Post-Communist Economies (IF 2.126) Pub Date : 2023-02-21 Daniel Kolar
ABSTRACT Distributional information can shed new light on societies and their well-being, now and in the past. This article constructs historical wealth inequality statistics for Budweis, a large town in South Bohemia. Utilised data sources include rare detailed local tax censuses from 1416 and 1523 and a national tax register from 1654, as reported in the literature, further adjusted for the lowest
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Remittances, FDI and economic growth: the case of South-East European countries Post-Communist Economies (IF 2.126) Pub Date : 2023-01-24 Vesna Bucevska, Aleksandar Naumoski
ABSTRACT South-East European countries rely heavily on remittances and FDI as external sources of financing. Hence, an investigation of the behaviour of remittances and FDI during the business cycle and their impact on economic growth is of crucial importance. To achieve this objective, we first analyse the cyclical nature of remittances and FDI flows in Albania, Bosnia and Herzegovina, Croatia, Montenegro
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Taxation as a factor in investment attractiveness in the Visegrád countries Post-Communist Economies (IF 2.126) Pub Date : 2023-01-24 Vít Jedlička
ABSTRACT Managers take into account the tax burden when they decide about a new investment; therefore, they seek countries with lower tax rates. Governments respond to these requirements and battle for new investments by lowering tax rates as part of tax competition. This study focuses on the Visegrád countries as a region of new foreign investments from other OECD countries, and analyses the determinants
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Does the demographic dividend with human capital development yield an economic dividend? Evidence from Central Asia Post-Communist Economies (IF 2.126) Pub Date : 2023-01-19 Éva Berde, Muyassar Kurbanova
ABSTRACT Both fertility and mortality rates are declining in the five Central Asian countries, so far resulting in an increasingly working-age population. The main question is whether these countries can benefit from this demographic transition while having different economic structures and diverse ethnicities. Our article shows the importance of demographic, economic, and human capital indicators
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Impact of Special Economic Zones on domestic market: Evidence from Russia Post-Communist Economies (IF 2.126) Pub Date : 2022-11-08 Evgeniya Dubinina
ABSTRACT Place-based policies can be an effective instrument for governments to encourage the economic development of a country. A Special Economic Zone (SEZ) is a place-based policy aimed at attracting FDI, employment growth, and supporting new economic reforms. In addition, for emerging economies an SEZ could be a potential catalyst for development; foreign investors can have a drastic impact on
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Small business in Russia: institutions, market potential, taxes and digitalization Post-Communist Economies (IF 2.126) Pub Date : 2022-10-18 Stepan Zemtsov, Yulia Tsareva, Vera A. Barinova, Maksim Belitski, Alexander N. Krasnoselskikh
ABSTRACT In this paper we use an institutional approach and apply a regional perspective to explore how market potential, formal institutions, taxes, access to finance, regional policy instruments, and digitalization have affected small business activity in 83 Russian regions during 2008–2018. We use various regional data sources and official statistics to study the effects of regional business environments
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How do economic activities spur the COVID-19 pandemic in Russia? A dynamic panel data analysis Post-Communist Economies (IF 2.126) Pub Date : 2022-09-15 Ichiro Iwasaki
ABSTRACT Russia is one of the few countries in the world that has opted for almost no policy measures involving the strong suppression of economic activity in the face of the epidemic disaster brought about by the new coronavirus (COVID-19). This makes Russia a valuable subject of social experiments through which the association between economic activity and the spread of the virus can be explored
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Deindustrialisation in post-Soviet economies: premature deindustrialisation, Dutch disease, human capital, and institutions Post-Communist Economies (IF 2.126) Pub Date : 2022-09-01 Hiroyuki Taguchi, Elbek Erkin Ugli Abdullaev
ABSTRACT This study examines deindustrialisation in 15 post-Soviet economies by investigating the country-specific fixed effect in the relationships among manufacturing, population, and income and the factors contributing to deindustrialisation in terms of the premature deindustrialisation hypothesis. The fixed-effect estimation suggests deindustrialisation in the ten middle-income post-Soviet countries
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Breakdown: what went wrong with deposit insurance in Russia Post-Communist Economies (IF 2.126) Pub Date : 2022-08-18 Andrei Vernikov
ABSTRACT The paper examines the Russian experience with explicit deposit guarantee. Some of its effects, such as moral hazard, adverse selection, and erosion of discipline, are typical and well-researched by previous authors. The social cost of having this institution in Russia turned out to be abnormally high, while the results in terms of bank stability are questionable. More than half of the insurance
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Defending business interests in Russia: collective action and social investments as bargaining chips Post-Communist Economies (IF 2.126) Pub Date : 2022-08-17 Stanislav Klimovich, Sabine Kropp, Ulla Pape
ABSTRACT The collective organization of business interests in Russia is commonly considered weak. In some cases, however, business associations have succeeded in representing interests vis-à-vis the state. This article analyses an illustrative case of state–business negotiations regarding an extra profit tax for several chemical and metallurgical companies, proposed by the presidential administration
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A business-cycle model with money and banking: the case of Bulgaria (1999–2018) Post-Communist Economies (IF 2.126) Pub Date : 2022-08-16 Aleksandar Vasilev
ABSTRACT We augment an otherwise standard business cycle model with a richer government sector and add modified cash in advance (CIA) and deposit considerations. In particular, both the cash in advance- and deposit constraints of in earlier work are extended to include private investment and government consumption. Also, part of the purchases are made using credit. This specification is then calibrated
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Sailing through the storm – performance of Russian manufacturing subsidiaries of multinational corporations in the first year of the COVID-19 pandemic Post-Communist Economies (IF 2.126) Pub Date : 2022-08-12 Igor Gurkov, Nikolay Filinov
ABSTRACT The aim of this study is to depict the performance of Russian manufacturing subsidiaries of multinational corporations during the first year of the COVID-19 pandemic. Using a unique handcrafted database of financial reports from 259 subsidiaries for 2019 and 2020, we retraced three indicators of business robustness: the dynamics of revenues, positive profitability, and the level of financial
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Differences and similarities between key drivers of youth and senior starting entrepreneurs in Central and Eastern European countries Post-Communist Economies (IF 2.126) Pub Date : 2022-06-12 Anna Pilková, Juraj Mikuš, Ján Rehák, Peter Pšenák
ABSTRACT In Central and Eastern European countries, the generational gap between youth and seniors involved in entrepreneurship is a pending issue, yet the research covering the particularities of this problem is sparse. This article contributes to covering the gap in the literature by a/ studying key entrepreneurial factors that influence both the youth and seniors’ early-stage entrepreneurial activity
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The Impact of Recentralisation on FDI: Evidence from a Quasi-Natural Experiment Post-Communist Economies (IF 2.126) Pub Date : 2022-02-24 Hiep Ngoc Luu, Minh Ngoc Nguyen, Hieu Thanh Nguyen
ABSTRACT Although decentralised governance has been one of the most salient political regimes worldwide over the past few decades, many countries have started to realise various shortcomings associated with their decentralisation process. As a consequence, a number of central governments have attempted to pursue recentralisation reforms in order to reclaim authority from the localities. This government
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Populism and economic policy: lessons from Central and Eastern Europe Post-Communist Economies (IF 2.126) Pub Date : 2022-02-17 Magnus Feldmann, Mircea Popa
ABSTRACT A growing literature has identified a coherent economic model associated with populist governments in Central and Eastern Europe. This model runs counter to some aspects of the former neoliberal consensus in the region and to established theories of good governance. Considering three cases which are representative of these developments – Poland (since 2015), Hungary (since 2010), and Romania
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Enlisting oil and gas companies for Russia’s Arctic development. Implementation in a rent-based political economy Post-Communist Economies (IF 2.126) Pub Date : 2022-02-06 Ingerid M. Opdahl
ABSTRACT Oil and gas extraction remains a cornerstone in Russia’s development plans for the Arctic Zone, even as there are considerable constraints on new projects. But what does it take to implement hydrocarbon-based regional development in a rent-based political economy? This paper employs a case study of interaction between state and business actors over hydrocarbon-based cargo traffic for the Northern
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Territories of accelerated development: another case of policy failure in Russia? Post-Communist Economies (IF 2.126) Pub Date : 2022-02-03 Stephen Fortescue
ABSTRACT Territories of accelerated development (TORs)1 are special economic zones originally devised to drive transformational economic development in the Russian Far East (RFE). They quickly came to be allowed also in monogoroda (one-company towns) throughout Russia, with reduced transformational expectations. The change in concept and implementation involved a complex and conflicted policy process
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Role of institutions in the corruption and firm innovation nexus: evidence from former Soviet Union countries Post-Communist Economies (IF 2.126) Pub Date : 2022-01-26 Elchin Aghazada, Gaygysyz Ashyrov
ABSTRACT In view of the missing consensus on how corruption relates to firm innovation, this paper empirically studies the relationship between petty corruption and product, process, marketing and organisational innovations in the former Soviet Union region. Exploiting cross-sectional firm-level data from the fifth round of the Business Environment and Enterprise Performance Survey, the paper argues
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Debt-growth link after an economic crisis: The case of Central and Southeast Europe Post-Communist Economies (IF 2.126) Pub Date : 2022-01-24 Kiril Simeonovski, Filip Fidanoski, Mihail Petkovski, Bruno S. Sergi
ABSTRACT This paper examines government debt’s effect on economic growth on a sample of 16 countries from Central and Southeast Europe for the period 2009–2018 period. We develop a non-linear dynamic panel-regression model. The findings point out to concavity of the growth function with respect to government debt. The estimates from the baseline model determine the debt threshold at the level of 77