Determinants of economic growth in Central and Eastern Europe: the global crisis perspective

Próchniak, Mariusz

doi:10.1080/14631377.2011.622566

Cited by 84 publications

(55 citation statements)

References 20 publications

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“…In the case of empirical research that takes into considered a wide set of factors mentioned above, one can point to Próchniak (2011), who concentrated on 10 countries from Central and Eastern Europe (the V4 countries, Romania, Slovenia, Bulgaria, Estonia, Latvia, Lithuania) in the years 1993-2009. He identified a following set of determinants of economic growth in the region: investment (FDI was included here), work force level of education, good fiscal stance, development of the financial sector, low inflation, low interest rate, high private sector share in output, structure of the population, fast development of information technology and communications, good institutional environment (a significant progress in structural reforms and market, economic freedom).…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Economic Growth in V4 Countries and Romania

Simionescu¹,

Lazányi²,

Sopková³

et al. 2017

JOC

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The middle and long-term slowdown in growth dynamics could bring serious social and political problems for V4 countries (Czech Republic, Slovak Republic, Hungary, Poland) and Romania. It would threaten reaching benefits from potential of convergence process with the developed countries of the European Union. As a result, the V4 economies and Romania should find solutions to achieving a sustainable growth that is associated with an improvement of their international competitiveness. This paper provides an empirical analysis of factors that might determine a stable economic growth in the five mentioned countries. The empirical analysis conducted for the period of 2003-2016 employed Bayesian generalized ridge regression. The main results indicated that the FDI promoted economic growth in all countries, except the Slovak Republic. Only in the Czech Republic, the expenditure on education generated economic growth, while the expenditure on R&D had positive effects in Romania, Hungary and the Czech Republic.

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Section: Literature Reviewmentioning

confidence: 99%

Determinants of Economic Growth in V4 Countries and Romania

Simionescu¹,

Lazányi²,

Sopková³

et al. 2017

JOC

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“…Some find that FDI exerts a positive impact on economic growth (Economic Commission for Europe 2011; Neuhaus 2006; Kornecki and Raghavan 2011;Prochniak 2011). Others find null effects of FDI (Hamm et al 2012).…”

Section: Post-socialist Central and Eastern Europe And Eurasia: A Strmentioning

confidence: 99%

Foreign Direct Investment and Economic Growth: New Evidence from Post-Socialist Transition Countries

Curwin

Mahutga

2014

Social Forces

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I n this article, we revisit classic sociological debates regarding the growth effects of Foreign Direct Investment (FDI). First, we identify a series of theoretical and empirical issues that halted sociological research on the developmental consequences of FDI. Second, we illustrate that post-socialist transition (PST) provides a historically novel opportunity to reinvigorate the debate. These countries experienced rapid industrialization but nearly zero FDI under socialism, and we can therefore observe changes in output as FDI accumulates in real time and effectively control for alternative sources of underdevelopment that might otherwise become conflated with FDI. We then estimate growth models that correct for biases owing to country-and period-specific heterogeneity and endogeneity in the FDI→ growth link. Our results suggest that FDI penetration reduces economic growth in the short and long term, and are robust to alternative choices of measurement and econometric specification. We conclude by implicating these findings in debates about post-socialist transition and economic growth, and by posing questions for future research.

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“…Second, we would like to assess the influence of different innovation strategies on the productivity of Polish services industries. This is particularly interesting in the context of post-socialist economies, where many of those industries emerged only after 1989 (Eschenbach and Hoekman 2005) but evidently have contributed to the catching-up process in CEE (Próchniak 2011).…”

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confidence: 97%

Innovation strategies and productivity in the Polish services sector

Szczygielski¹,

Grabowski²

2014

Post-Communist Economies

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Industry and firm-level research into both innovation and productivity has long been limited to manufacturing. In this article we aim to contribute to the stream of literature that seeks to extend the scope of such investigations to the services sector. To this end we analyse the innovation strategies in several service sectors in Poland in 2006-08 and examine their relationship to productivity. Our results show that service firms differ considerably in their innovation strategies, but that most of those strategies lead to productivity gains.The services sector is an extremely heterogeneous one and constitutes the bulk of modern economies. Despite their dominant role in output and employment structures, some aspects of service companies' performance have only recently attracted scholars' interest. This is undoubtedly the case with the innovation activities of service firms, which for a long time were assumed to be non-existent (Djellal and Gallouj 2001). In this article we have two aims. The first is to learn more about the innovation strategies in the service sector in order to offer a test for the growing body of theoretical literature. Second, we would like to assess the influence of different innovation strategies on the productivity of Polish services industries. This is particularly interesting in the context of post-socialist economies, where many of those industries emerged only after 1989 (Eschenbach and Hoekman 2005) but evidently have contributed to the catching-up process in CEE (Próchniak 2011).The article is structured as follows. First we discuss the background of the study, in particular the theory of service innovations and the literature on productivity in the services sector. Next we briefly describe the Polish services sector and its transition economy context. We then continue with our empirical contribution: the novel elements of our methodology are introduced and the data sources are presented. In the following section we discuss the results of our research and in the final section we offer conclusions.Background: innovation in services and productivity Service innovations: a conceptual framework

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Determinants of economic growth in Central and Eastern Europe: the global crisis perspective

Cited by 84 publications

References 20 publications

Determinants of Economic Growth in V4 Countries and Romania

Determinants of Economic Growth in V4 Countries and Romania

Foreign Direct Investment and Economic Growth: New Evidence from Post-Socialist Transition Countries

Innovation strategies and productivity in the Polish services sector

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