Elasticity of Substitution in Post-Communist Economies

Szomolányi, Karol; Lukáčik, Martin; Lukáčiková, Adriana

doi:10.2139/ssrn.3283088

Cited by 2 publications

(2 citation statements)

References 9 publications

(19 reference statements)

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“…The main findings are also consistent with [33] where the authors have utilized a panel approach to determine the impact of non-economic determinants of FDI, such as quality of institutions, in the example of Croatia. The arguments of the article are also consistent with the views of [34] about the unclear impact of neoclassical growth theory.…”

Section: Resultssupporting

confidence: 81%

Impact of Remittance Inflows on Selected South-East European Economies: A Panel Auto-Regressive Distributed Lag Approach

Kokotović¹,

Kurečić²

2022

Interdisciplinary Description of Complex Systems

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The impact of remittance inflows on economic development is contested in the existing literature. This article applies a panel auto regressive distributed lag to examine the impact of remittance inflows on economic growth and self-employment percentage in a panel of seven Southeast European countries between 1996 and 2020. The countries included in the panel are characterized by higher remittance inflows and include Albania, Bosnia and Hercegovina, Croatia, Kosovo, Montenegro, North Macedonia, and Serbia. The findings of the article indicate that there is no short-run relationship between remittance inflows and economic growth, but that remittance inflows are a significant contributor to economic growth in the long run. The article finds that in the short run, remittance inflows actually decrease the self-employment rate which can be attributed to the poverty alleviation impact of remittance flows, while there is no statistically significant relationship between remittance inflows and the self-employment rate in the long-run. This indicates that there are opportunities to utilize the significant remittance inflows in more meaningful ways to stimulate investment opportunities.

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Section: Resultssupporting

confidence: 81%

Impact of Remittance Inflows on Selected South-East European Economies: A Panel Auto-Regressive Distributed Lag Approach

Kokotović¹,

Kurečić²

2022

Interdisciplinary Description of Complex Systems

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“…We cannot overlook the long-term development of post-communist countries. Szomolányi, Lukáčiková and Lukáčik (2011) show that post-communist countries were in a transitional state in the period [1997][1998][1999][2000][2001][2002][2003][2004][2005][2006][2007][2008][2009] and that they were converging to a higher level expressed by steady state GDP per capita. The steady state was similar for European Union countries.…”

Section: Resultsmentioning

confidence: 99%

Business Cycles in European Post-Communist Countries

Szomolányi¹,

Lukáčik²,

Lukáčiková³

2017

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This work is licensed under a Creative Commons Attribution 4.0 International License. The European post-communist countries that have integrated into the European Union are emerging market economies. However, their short-run economic performance does not correspond to the observed business cycles of other global emerging markets. The business cycles of the studied countries are longer, and their recessions are more pronounced. Moreover, economic activity in the studied countries is relatively low and volatile, and the trade balance and government purchases have a relatively significant countercyclical character. These are the core conclusions from our business cycle study of the chosen European post-communist countries. In the study, we use both traditional and contemporary business cycle definitions. Using traditional definitions, we determine the peaks, troughs, expansions and contractions and quantify the durations and amplitudes of their expansions, recessions and business cycles. Using contemporary definitions, we measure cyclical properties by computing the first and second moments of the chosen macroeconomic cyclical components and growth rates. Differences in the business cycles and characteristics between European post-communist countries and other emerging countries are discussed with reference to the works of other authors. The persistency of the data series is measured by the serial correlation coefficient of its cyclical component.

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Elasticity of Substitution in Post-Communist Economies

Cited by 2 publications

References 9 publications

Impact of Remittance Inflows on Selected South-East European Economies: A Panel Auto-Regressive Distributed Lag Approach

Impact of Remittance Inflows on Selected South-East European Economies: A Panel Auto-Regressive Distributed Lag Approach

Business Cycles in European Post-Communist Countries

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