Showing papers in "Economic Systems in 2011"

TL;DR: The role played by agriculture in the development process and the interactions between agriculture and other economic sectors, the determinants of the Green Revolution and discuss the foundations of agricultural growth; issues of income diversification by farmers; approaches to rural development; and finally issues of international trade policy and food security which are at the root of the crisis in agricultural commodity volatility in the past few years as mentioned in this paper.

TL;DR: In this article, the causal relationship between financial development and economic growth was investigated using recently developed panel methods on a data set of 71 developed and developing countries over the period 1960-2004.

TL;DR: In this article, a large body of literature dealing with the effects of Foreign Direct Investment (FDI) on economies during their transformation from a command economic system toward a market system is reviewed.

TL;DR: In this article, interest margin determinants in the Russian banking sector with a particular emphasis on the bank ownership structure were analyzed using bank-level data covering Russia's entire banking sector for the 1999-2007 period.

TL;DR: In this paper, the authors empirically investigated the extent to which technological characteristics in exports affect the patterns of trade-led economic growth across countries and found that economies tend to grow more rapidly when they have increasingly specialized in exporting high-technology as opposed to traditional or low-technology goods.

TL;DR: In this paper, the determinants of stock market integration among EU member states for the period 1999-2007 were analyzed, and the impact of the euro introduction and the European unification process on stock markets integration was evaluated.

TL;DR: This paper examined the relationship between point-source resource abundance and economic growth, quality of institutions, investment in human and physical capital, and social welfare (life expectancy and infant mortality) for all countries and for the economies in transition.

TL;DR: This paper examined whether any significant effects of preferential trade agreements occur through a change in the variety of exports (the extensive margin) or through the volume of existing products (the intensive margin) and found that the extensive margin responds more strongly to the formation of a PTA in larger exporters and for larger country pairs.

TL;DR: In this paper, the impact of property rights institutions and contracting institutions on high-growth-aspiration (HGA) entrants using the Global Entrepreneurship Monitor (GEM) survey data for 2000-2005 was examined.

TL;DR: In this article, the authors investigated the impact of corruption on bank lending in Russia and found that the detrimental effect of corruption is only observed for loans to households and firms, in opposition to loans to government.

TL;DR: In this article, the relation between nominal exchange rate volatility and several macroeconomic variables, namely real per output growth, excess credit, foreign direct investment (FDI) and the current account balance, in the Central and Eastern European EU Member States was analyzed.

TL;DR: In this paper, the authors examined the relationship between a country's institutional environment and the quality of its exports and found that a better institutional environment (i.e., lower corruption, more efficient bureaucracy and more secure property rights) is associated with better export quality.

TL;DR: The authors reviewed subjective well-being studies on income, work and family life with particular attention to transition countries and found that the main differences in conclusions for two types of economic systems seem to be the result of uncertainty and fast changing conditions and their effect on the perception of subjective economic conditions and on expectations formation.

TL;DR: The authors found that an increase in aging exerts a statistically significant adverse effect on the employment shares in agriculture, manufacturing, construction, and mining and quarrying industries, while an increasing share of the elderly in society positively affects employment shares.

TL;DR: In this article, the authors analyzed the effect of deposit insurance coverage on trust in banks and trust in the local currency in Croatia and found that the increase in coverage had an immediate and positive impact on how people perceived the safety of deposits.

TL;DR: In this paper, the authors investigate the impact of home country institutions on the skill level of immigrants to the United States over 1988-1998 and explore the hypothesis that institutions are multidimensional and that the different dimensions have conflicting impacts on the migration of skilled labor.

TL;DR: A detailed description of Hungarian trade data and key patterns drawn at the firm and product level is provided in this article, where the authors find that trade concentration in Hungary is slightly higher than in most European countries and foreign ownership and the role of foreign firms in trade is higher.

TL;DR: In this paper, the effects of financial reforms on money demand with estimates for two sets of sub-samples and two break dates for twenty developing Asian and African countries were analyzed.

TL;DR: In this article, the authors analyze how financial and economic crises affect the relation between the components of capital flows and their determinants in an emerging economy and find that these breakpoints correspond to international and domestic crises that hit the country.

TL;DR: In this article, the authors analyzed the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe.

TL;DR: In this paper, three empirically testable versions of the common p-star model and evaluate their forecasting performance using conventional techniques are presented and the results indicate the recurrence of the relevance of the monetary pillar of the two-pillar framework.

TL;DR: In this paper, the predictive ability of money for future inflation in the Czech Republic, Hungary, Poland and Slovakia was investigated, and monetary indicators similar to those the European Central Bank regularly uses for monetary analysis were constructed.

TL;DR: The authors empirically examined the relation between categories of exports and corruption across countries, and found that aggregate exports and agricultural exports tend to decrease corruption, while fuel exports increase corruption, and that corruption decreases with income and with political freedom.

TL;DR: In this article, the authors investigate changes in the structure of trade of seventeen transition economies between 1996 and 2006, focusing on differences across three types of products -homogeneous goods, reference priced goods, and differentiated products.

TL;DR: In this paper, the exchange rate regime choice of countries in explaining the occurrence of currency crisis is investigated and regression results suggest that the odds of a crisis increase significantly in countries which have chosen regimes that are inconsistent with their features.

TL;DR: In this article, the authors examined off-farm labor supply in the rapidly changing conditions of Bulgaria during the 1990s, and found that the magnitude and statistical significance of various determinants are sensitive to changing environmental conditions.

TL;DR: In this paper, an error-corrected ARDL framework was used to estimate the elasticity of intermediate imports in Mexico during the 1988-2006 post-liberalization period, and the response of imports to variations in the real exchange rate has fallen over time, presumably because of the increasing share of maquila in Mexico's export basket and the increasing vertical specialization of non-maquila export production.

TL;DR: In this paper, the authors analyzed the growth effects of capital formation, exports and FDI as major drivers of economic development in Eastern Europe and identified the fundamental innovations identified by empirically and theoretically motivated short-and long-run restrictions in, structural cointegrated vector autoregressions.

TL;DR: The authors applied the concept of relative deprivation/satisfaction to study the formation of attitudes towards immigrants and found that the feeling of group relative deprivation, as opposed to individual relative deprivation or satisfaction, adversely affects the attitudes of native-born, even when its potential endogeneity is taken into account.

TL;DR: In this paper, the determinants of multiple bank-firm relationships using a uniquely rich data set comprised of information on individual loans of a large number of firms in Colombia were studied.