Browsing by Subject "Transitional economy"

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    The effect of property rights on the relationship between economic growth and pollution for transition economies
    (2007) Solakoglu, E.G.
    The paper measures changes in environmental quality in transition countries from 1987 to 2000 because of economic growth and environmental reforms. Indication of property rights may accelerate the growth process, as well as the composition effect on the environment. Thus, we compare transition countries that are not yet members of the European Union offering poorly defined property rights with EU-member transition countries offering better-defined property rights. We find that although EU-member transition countries exhibit an inverted U-shaped relationship between pollution intensity and economic growth, with a turning point at $5,710, non EU-member transition countries do not support such a relation. © 2007 M.E. Sharpe, Inc. All rights reserved.
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    The effects of transition and political instability on foreign direct investment inflows: Central Europe and the Balkans
    (Wiley-Blackwell Publishing Ltd., 2006) Brada, J. C.; Kutan, A. M.; Yigit, T. M.
    This paper examines the effects of transition and of political instability on foreign direct investment (FDI) flows to the transition economies of Central Europe, the Baltics and the Balkans. We find that FDI flows to transition economies unaffected by conflict and political instability exceed those that would be expected for comparable West European countries. Success with stabilization and reform increased the volume of FDI inflows. In the case of Balkan counties, conflict and instability reduced FDI inflows below what one would expect for comparable West European countries, and reform and stabilization failures further reduced FDI to the region. Thus, we find that the economic costs of instability in the Balkans in terms of foregone FDI have been quite high. © 2006 The Authors Journal compilation © 2006 The European Bank for Reconstruction and Development.
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    Fiscal policy in Turkey and the transitional economies of Europe
    (Palgrave Macmillan, London, 2001) Uluğbay, Hikmet; Zaim, Osman; Togan, Sübidey; Balasubramanyam, V. N.
    This chapter presents a comparative study of public finance issues in the Central and Eastern European (CEE) countries, the Baltic countries and Turkey. Section 4.1 considers fiscal policy and economic restructuring. Section 4.2 looks at tax reform and Section 4.3 analyses expenditure reform. Privatisation is discussed in Section 4.4, and problems related to social safety nets and social security are discussed in Section 4.5. The last section presents some conclusions.
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    Introduction
    (Palgrave Macmillan, 2001) Togan, Sübidey; Balasubramanyam, V. N.; Togan, Sübidey; Balasubramanyam, V. N.
    The papers that make up this volume were presented at the conference on Turkey, Central and East European (CEE) countries and the EU, held at Bilkent University, Ankara, Turkey, on 9–10 March 1996. A legal structure that promotes entrepreneurship, competition and the institution of prudent monetary and fiscal policies is a prerequisite for membership of the EU. This volume analyses these and related issues in the context of the Turkish and CEE economies.
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    The Turkish economy and the European economies in transition
    (Palgrave Macmillan, 2001) Togan, Sübidey; Togan, Sübidey; Balasubramanyam, V. N.
    Since 1990 major changes have affected the future of the European Union (EU). At that time the future of the EU seemed set: a gradual deepening towards economic and monetary union. The collapse of communism radically shifted the challenge from deepening to widening. First to come were the EFTA countries. Since January 1995 Austria, Finland and Sweden have been members of the EU and the remaining EFTA countries, except Switzerland, have close ties with the EU through the Agreement on the European Economic Area. Then we have the potential applicants: the Czech Republic, Hungary, Poland, the Slovak Republic and Slovenia. These countries have laid a solid claim to membership. All have signed association agreements with the EU, called the Europe Agreements (EAs), but no timetable for membership has been set. The next group of potential applicants consists of Bulgaria and Romania. These countries, which have also signed EAs with the EU, are required to embark on reforms that will render them viable candidates. The fourth group of countries consists of the Baltic countries: Estonia, Latvia and Lithuania. They signed EAs during 1995. Finally we have the Mediterranean applicants: Cyprus and Turkey.