Evidence for Economic Convergence in the Eu: The Analysis of Past Eu Enlargements

Strielkowski, Wadim; Höschle, Felix

doi:10.3846/20294913.2014.890138

Cited by 46 publications

(38 citation statements)

References 23 publications

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“…The whole sample covers over 20 years, during which the CEE economies became economically stable countries with similar GDP per capita (Figure 1) as a result of the capital and labour flows between them and the core EU15 countries, EU structural funds and foreign direct investment. These factors make the CEE group relatively homogeneous (see Rapacki, Próchniak, 2009;Strielkowski, Höschle, 2016).…”

Section: Results Obtained For Cee Countriesmentioning

confidence: 99%

The heterogeneity of convergence in transition countries

Pipień

Roszkowska

2018

Post-Communist Economies

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ABSTRACT:For two groups of post-communist countries (CEE and CIS) we estimated the parameters of convergence equations on the basis of annual data. We depart from standard econometric theory, which involves panel regression techniques. We test cross-country heterogeneity of parameters within a system of Seemingly Unrelated Regression Equations (SURE). We show empirical evidence in favour of the variability of parameters describing the convergence effect and productivity growth rates across countries. Our approach seems a convincing alternative to the panel regression approach where random effects can be estimated, imposing an assumption about the constancy of structural parameters within the group of countries under analysis.We discuss the role of the global financial crisis in the heterogeneity of convergence processes and productivity at the country level. The aforementioned SURE model was estimated based on two datasets, one containing observations prior to the crisis and the second containing the whole sample.

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Section: Results Obtained For Cee Countriesmentioning

confidence: 99%

The heterogeneity of convergence in transition countries

Pipień

Roszkowska

2018

Post-Communist Economies

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“…Second-tier markets for initial public offering are effective entry tools common in the United States and, to a lesser extent, in Japan. The problems associated with existing entry mechanisms in countries, with the exception of Japan and the United States, have stimulated the development of new parallel markets, particularly in Western Europe (Strielkowski & Höschle, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Small and medium enterprises in the context of regional development and innovations

Ruchkina

Melnichuk

Фрумина

et al. 2017

Journal of International Studies

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Abstract. The current state of economic development and innovations' support often brings small and medium enterprises (SMEs) at the forefront of government fiscal policy. Various policy measures targeted at SMEs' support and development necessarily include measures on promotion of innovations within small business. However, despite substantial efforts undertaken by the authorities to increased financial injections into this area, development of innovations by small businesses faces many obstacles. Statistics on the registered small and medium enterprises shows that the sharp rise of entrepreneurship observed in the early 1990s changed for the stagnation towards the end of the decade and sluggish dynamics of the present time. Unfortunately, as practice shows, measures taken so far do not stimulate significant changes in the development of small business. Moreover, differentiation of small businesses between regions is only increasing, as it is manifested through substitution of divergence for convergence. Our paper analyzes the legal framework regulating small business development as well as state of innovations within SMEs so that to identify the main indicators

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“…Delays in pursuing an effective economy course are directly linked to the survivability of specific criteria of "profitability" that is divergent from the interests of society. Often we have to deal with such an economic situation in which boosting scientific and technological progress, and improving product quality is economically disadvantageous for enterprises and associations [3]. That is why it has not been possible so far to get rid of the products valuation indicators, which reflects the overall production level rather than the products' structure and value.…”

Section: Introductionmentioning

confidence: 99%

Labor Motivation and its Endogenous Level

Scherbakov¹,

Dubrovsky²,

Макарова³

et al. 2018

IJET

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The article reveals key problems of motivational mechanisms that ensure economic growth, considering factor influences, including the endogenous level of a person. Efficiency of production and economic activity is considered from the viewpoint of revealing of the internal nature of person's motivational interests. The article reveals general framework of labor motivation as a science of effective management of structurally connected technical and technological as well as organizational and economic structures, where the necessity for self-regulation of labor activity to build dynamic multilevel relations is justified. The endogenous level of motivational interests is considered through the prism of the integrity of personal development, where the supreme goal is not only political and economic interests, but also moral ones. Justifying the fundamental approaches to the labor management in terms of efficiency (optimality), very important is taking into account the potential opportunities, since from the perspective of optimal use of labor resources, development of economic potential is the determinative element in the achievement of the performance measure (economic value and benefit). The development of value orientations and performance indicators is exactly the way that allows reflecting the limitations of existing methodological approaches to the mobilization of labor resources in the mechanism of economic management. Considering a new approach to labor motivation from the perspective of organizational and economic science, the main mechanism, as a rule, is the principle of the maximum viability of a one or another labor process regulation system. An alternative to this approach can be only the socio-economic system that meets the principles of optimal construction of economic interests and evaluation of each element in the overall results of production activities. Bringing such an optimum control action is almost impossible without the regulatory role of the state, because the sociopsychological motives of behavior are the driving force of decisions made, and therefore cannot reveal the effectiveness of labor potential and its motivational component, which would contribute to the confirmation of the principles of rational labor construction. The basic principle of labor motivation from the standpoint of optimization should be the labor theory of value and utility as the basis of value and labor economic motivations, revealing the economic nature of costs and the function of economic value and utility at the endogenous level of social and labor relations.

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Evidence for Economic Convergence in the Eu: The Analysis of Past Eu Enlargements

Cited by 46 publications

References 23 publications

The heterogeneity of convergence in transition countries

The heterogeneity of convergence in transition countries

Small and medium enterprises in the context of regional development and innovations

Labor Motivation and its Endogenous Level

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