Suchergebnisse

Post-transition countries are coming of age and are approaching the status of fully-blown developing states. While the main problems highlighted in a classical transition storyline, such as large-scale privatization, institutional formation, and private sector establishment have largely been solved, the recent financial crisis has revealed fresh challenges which demand maximum differentiated attention. Such important contemporary issues as capital markets formation, monetary transmission mechanism, economic integration, financial sector sophistication, remittance management, social welfare reform, and competitive fringes remain to be tackled in a systematic, policy-oriented manner. "Neo-transitional economics" fills this escalating literature gap by presenting a comprehensive collection of viewpoints from the established scholars and practitioners of the field. The ultimate goal of this book is to offer an all-encompassing policy toolkit for a successful overcoming of all contemporary challenges that lie ahead in the age of neo-transitional economics.

Neo-transitional economics is a policy-oriented collection of contemporary theoretical and empirical research studies on transition countries in the post-crisis paradigm. Topics covered range from monetary and financial economics to international trade and formation of a welfare state.

Central and Eastern European (CEE) countries are in an economic transition process which involves convergence of economic performance with the European Union. One of the principle engines for the necessary transformation towards EU average economic performance is inward-FDI. Quantitatively examining the causes of FDI in the CEE region is thus an important research area. Traditional linear regression approaches have had difficulty in achieving conceptually and statistically reliable results. In this paper, we offer a novel approach to examining FDI in the CEE region. The key tasks addressed in this research are (i) a neural network based FDI forecasting model and (H) nonlinear evaluation of the determinants of FDI. The methodology is non traditional for this kind of research (compared with multiple linear regression estimates) and is applied primarily for the FDI dynamics in the CEE region with some worldwide comparisons. In terms of MSE and Rsquared criteria, we find that NN approaches are better to explain FDI determinants' weights than traditional regression methodologies. Our findings are preliminary but offer important and novel implications for future research in this area, including more detailed comparisons across sectors as well as countries over time. ; Vidurio ir Rytų Europos (YRE) šalys išgyvena pereinamuosius ekonominius procesus, kurie skatina ekonominę konvergenciją su Europos Sąjunga. Tiesioginės užsienio investicijos (TUI) yra vienas iš pagrindinių veiksnių, todėl TUI srautų analizė yra svarbi tyrimo sritis. Tradicinės daugiakriterinės tiesinės analizės priemonės nei konceptualiai, nei statistiškai neduoda patikimų rezultatų esant mažoms, ne visoms ir chaotiškoms duomenų sekoms. Šiame tyrime pateikiamas netradicinis (netiesinis), todėl naujoviškas požiūris į TUI VRE pavyzdžiu. Pagrindiniai iškelti uždaviniai: (a) TUI prognozavimo modelio sukūrimas naudojant dirbtinių neuroninių tinklų (DNT) metodus, (b) TUI turinčių įtakos veiksnių (makroekonominių, finansinių, socialinių ir gravitacinių) svorių įvertinimas DNT pagalba. Atlikti empiriniai tyrimai leido sukurti DNT modelį, kuris duoda kur kas geresnius aproksimavimo ir neblogesnius prognozavimo rezultatus, palyginti su daugiakriteriniu tiesiniu modeliu. Nors gauti rezultatai yra preliminarūs ir reikia išsamesnės analizės, tačiau jie siūlo svarbias ir naujoviškas įžvalgas būsimiems netiesiniams tyrimams, apimantiems detalius VRE sektorinius ir šalių tarpusavio palyginimus.

This book provides a broadly managerial perspective on key trends that affect business decision-making in Central and Eastern Europe twenty years after the beginning of the region's transition to market economy. Reflecting different viewpoints, including economic, social, and political approaches, the essays helps managers of the region to understand better both regional and the global forces influencing their businesses – as well as to bring to their attention relevant cutting-edge approaches to business thinking and decision-making