WHAT DETERMINES THE INSTITUTIONAL CHANGE IN TRANSITION ECONOMIES?

Dawid Piątek, Michał Pilc, Katarzyna Szarzec The aim of this study is to explain the determinants of the institutional change that has taken place in the countries of Central-East and Southeast Europe and the former USSR, which constituted quite a homogeneous group at the beginning of the transition period. The paper concentrates on the political […]

INSURANCE MARKET DEVELOPMENT AND ECONOMIC GROWTH IN TRANSITION COUNTRIES: SOME NEW EVIDENCE BASED ON THE BOOTSTRAP PANEL GRANGER CAUSALITY TEST

Stanisław Wanat, Monika Papież, Sławomir Śmiech The purpose of this paper is to investigate causal relations between the insurance market development and economic growth in ten transition European Union member countries in the period between 1993 and 2013. The analysis is conducted with the use of the bootstrap panel causality approach proposed by Kónya (2006), […]

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abnormal returns CMS analysis credit institutions Croatian food industry deposit net outflows e-intermediaries export competitiveness exporting foreign direct investment funding stability high value household deposits Income Evaluation Question industry intense economic growth IPOs Ireland IS curve leader follower model liquidity standards matched firms Mincer equation monetary policy New Keynesian model oil prices Phillips curve Polish hospitality market poverty price discrimination proximity concentration trade off quantile unit root with Fourier function rate fences returns to education room rate parity strategy structural change subjective equivalence scale SURE Taylor rules TECM the EU threshold cointegration tracking error trend breaks validation Zellner estimator