Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice

Draskovic, Veselin; Popov, Evgeny; Peleckis, Kęstutis

doi:10.14254/1800-5845/2017.13-1.9

Cited by 24 publications

(20 citation statements)

References 10 publications

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“…Using operational indicator of institutional system dynamics they proved dependence between institutional changes and economic growth in transition economies. The problems to improve the institutions and economies' functioning in the transition countries are studied by Efendica and Pugh (2015) and Efendica et al (2010), Draskovi et al (2017), Kyrychenko et al (2018), Rivera Rios et al (2018. Pilia (2017) proved in her work that the economic growth of the countries in the transition period depends on the chosen model of economic development.…”

Section: Literature Reviewmentioning

confidence: 99%

Institutional complementarity for social and economic development

Bilan

Vasilyeva

Lyeonov

et al. 2019

BTP

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oday the prevention of global challenges (from global security to the problems of poverty) relates to the institutional quality. Nowadays, the social standards or other “social rules” make the part of the market system, since they are built into the country’s institutional structure. Neither social nor economic reforms can be implemented without the support through institutional mechanisms. The purpose of this paper is to explore the relationship between social sector institutions and basic institutions, taking into account the economic development of countries and the way in which they are formed. A number of empiric studies confirmed significant role of institutions to provide conditions for economic development. In order to define and assess the link between the basic institutions and the social sector institutions, we formed panel data that includes 20 countries for the period from 2007-2014. We assessed quality of the basic institutions using The Worldwide Governance Indicators (WGI). WGI methodology provides an evaluation of six dimensions of the institutional quality that enables to define the connection and the impact of every dimension on the institutional quality of the social sector. The model additionally evaluates the impact of the incomes distribution inequality, general economic welfare on the institutional quality of the social sector. Among all dimensions of governance “Rule of Law” and “Regulatory Quality” the statistically significant direct impact on the institutional quality of the social sector has been revealed. It confirms the complementarity of basic institutions and institutions of the social sector.

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Section: Literature Reviewmentioning

confidence: 99%

Institutional complementarity for social and economic development

Bilan

Vasilyeva

Lyeonov

et al. 2019

BTP

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“…Small and medium-sized enterprises (SMEs) are without a doubt an essential aspect of every market economy (Ključnikov et al, 2016;Virglerová et al, 2016;Vojtovic, 2016;Rahman, et al, 2016;Belás & Sopková, 2016, Dúbravská et al, 2015Scholleová & Čámská, 2015;Draskovic, Popov & Peleckis, 2017;Delibasic, 2016). They contribute also to the solution of economic and social state problems (Prasetyo, 2016).…”

Section: Introductionmentioning

confidence: 99%

Important factors of financial risk in the SME segment

Belás¹,

Dvorský²,

Kubálek³

et al. 2018

Journal of International Studies

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The aim of the article is to define and quantify the significant factors which influence the intensity of financial risk, and to compare the perception of financial risk among groups of entrepreneurs in the SME segment according to their motivations for starting a business. In relation with the aims defined under this research, we carried out a survey of the entrepreneurial environment of SMEs in 2015, using a sample of 1,141 respondents (the owners of the enterprises). We used Z-score and regression analysis to assess our hypotheses.

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“…Overall, two main options are often used. Firstly, establishing a separate CCIs policy or strategy, and secondly, integrating CCIs into many other key policies and strategies education of members of the CS: most universities (schools) educating workers in this sector do not prepare them for economic activity, focusing on the transfer of knowledge from a specific discipline of art; -quality of the institutional framework (Delibasic, 2016;Draskovic, Popov, & Peleckis, 2017). When shaping the institutional support for the development of CIs in ETs, it is necessary to use the European models for creating intersectoral and interdepartmental working groups at the local, regional, national and international levels.…”

Section: Modelmentioning

confidence: 99%

The Creative Industry as a Factor in the Development of the Economy: Dissemination of European Experience in the Countries With Economies in Transition

et al. 2019

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The purpose of this article is to determine the possibility of using the experience of European countries in the development of the creative industry as a driving force for economic growth for the economies in transition. The authors studied the concept of the creative industry, existing models of classification of sub-sectors of the creative economy. The article analyses data on the world trends in the development of the creative industry and features of these processes in the economies in transition. Based on the results obtained, the key triggers that should be influenced by government regulation in economies in transition are: ensuring access to finance, ensuring an effective system of education at all levels to ensure the availability of skilled labour and literacy consumers of creative products, availability of high-quality infrastructure and regulatory system. Proceeding from this, recommendations for the development of creative industry in the economies in transition structured in terms of the key stakeholders: government, local government (regions and cities), higher educational institutions, creative industry, and other business representatives.

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Modelling of Institutional Changes in Transition Countries - the Gap Between the Theory and Practice

Cited by 24 publications

References 10 publications

Institutional complementarity for social and economic development

Institutional complementarity for social and economic development

Important factors of financial risk in the SME segment

The Creative Industry as a Factor in the Development of the Economy: Dissemination of European Experience in the Countries With Economies in Transition

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