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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