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31. Economic Survey of Hungary, 2005

Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The composition of growth of the Hungarian economy has become healthier and real convergence looks set to be on a sustainable path. While most reforms to establish a flourishing market economy have been carried out and the current government is launching a new reform initiative of "100 Steps", more needs to be done in two broad areas in order to maintain high growth: Achieving a smooth entry into the euro area: Frequently missed policy targets, tensions between the government and the Central Bank and stubbornly high twin deficits have established an unhealthy climate of financial volatility, which contrasts with and may even risk threatening the rather smooth process of real convergence. Increasing trend growth by both raising the employment potential and trend productivity growth: A large share of Hungarians with some work capacity is not working in part because of the way social benefits are designed. Low employment is aggravated by impediments to regional mobility of the labour force. Hungary needs to move further up the value added chain. This process for the time being rests very much on investments by foreign companies while innovative activities and commercial applications of own research remain limited.
Topic:
Development, Economics, and Government
Political Geography:
Eastern Europe and Hungary

32. Economic Reforms, Democracy and Growth in Eastern Europe and Eurasia

Author:
Robyn Murphy, Ron Sprout, and Paul Pleva
Publication Date:
11-2005
Content Type:
Working Paper
Institution:
United States Agency for International Development
Abstract:
This research analyses the interaction between economic reforms, reforms, and economic growth. One of the salient characteristics of the transition region has been two very distinct patterns between economic and democratic reforms: convergence of the two reform dimensions in the CEE countries and divergence Eurasia. Nevertheless, results from econometric tests (which attempt to control for possible intervening influences) suggest that economic and democratic reforms are mutually reinforcing throughout the region, even in Eurasia. We also found evidencthat: (1) economic reforms have a stronger impact on democratic reforms than the reverse; (2) economic reforms favorably affect economic growth; (3) democratic refavorably affect economic growth indirectly (via economic reforms) if not directly; and (4) while the feedback effects from economic growth to reforms are more ambiguous, there is some evidence that economic growth may actually stifle democratic reforms, and/or economic contraction may facilitate democratization.
Topic:
Democratization, Development, and Economics
Political Geography:
Eurasia and Eastern Europe

33. The Politics of Institutional Learning and Creation: Bank Crises and Supervision in East Central Europe

Author:
Gerald A. McDermott
Publication Date:
04-2005
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
This article examines the political conditions shaping the creation of new institutional capabilities. It analyzes bank sector reforms in the 1990s in three leading postcommunist democracies–Hungary, Poland, and the Czech Republic. It shows how different political approaches to economic transformation can facilitate or hinder the ability of relevant public and private actors to experiment and learn their new roles. With its emphasis on insulating power and rapidly implementing self-enforcing economic incentives, the “depoliticization” approach creates few changes in bank behavior and, indeed, impedes investment in new capabilities at the bank and supervisory levels. The “deliberativ e restructuring” approach fostered innovative, cost-effective monitoring structures for recapitalization, a strong supervisory system, and a stable, expanding bank sector.
Topic:
International Relations, Economics, and Politics
Political Geography:
Europe, Eastern Europe, Poland, and Hungary

34. Border Management in the Kosovo-Southern Serbia-fYR Macedonia Vortex: a Local Perspective

Author:
Henry Bolton
Publication Date:
03-2005
Content Type:
Policy Brief
Institution:
EastWest Institute
Abstract:
The impositions of firstly, the international border between the fYR Macedonia and Yugoslavia in 1992, and secondly the conversion of Kosovo's Administrative Boundary Line (the ABL), between the province of Kosovo and the Republic of Serbia, into a de-facto border in 1999, have had significant impacts on the social and economic lives of the predominantly ethnic Albanian border communities of Kosovo, Serbia and fYR Macedonia within the GPKT (Gjilan/Gnjilane-Presevo-Kumanovo-Trgoviste) micro-region. The situation in the past, whereby the people of the micro-region could travel and interact freely, whether socially or commercially, has changed. Now people wishing to cross from one side of the GPKT micro-region to another, say Gjilan/Gnjiilane to Kumanovo, must cross what are, in effect, two policed and guarded borders, complete with passport checks and customs inspections.
Topic:
International Relations, Economics, and Government
Political Geography:
Eastern Europe, Kosovo, Yugoslavia, and Macedonia

35. Obstacles Impeding the Regional Integration of the Kvemo Kartli Region of Georgia

Author:
Jonathan Wheatley
Publication Date:
02-2005
Content Type:
Working Paper
Institution:
European Centre for Minority Issues
Abstract:
This report is intended to provide an overview of the current social, economic and political situation in five rayons (districts) of Kvemo Kartli province in south-eastern Georgia: Gardabani rayon, Marneuli rayon, Bolnisi rayon, Dmanisi rayon and Tsalka rayon. By identifying and providing information about the current problems impeding the regional integration of those parts of Kvemo Kartli province in which national minorities are concentrated, this working paper will act as a guide for defining priorities and ensuring more informed intervention in the area.
Topic:
Civil Society, Economics, and Politics
Political Geography:
Eastern Europe

36. Trade Openness and Vulnerability in Central and Eastern Europe

Author:
Pierluigi Montalbano, Alessandro Federici, Umberto Triulzi, and Carlo Pietrobelli
Publication Date:
06-2005
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper offers a substantive contribution to the debate on the role of international trade on the development of emerging countries. The aim is to detect empirically the phenomenon of vulnerability induced by trade openness. The methodology adopts a forward-looking approach and tries to fill a missing link in the theory between trade shocks, volatility, and the wellbeing of countries, distinguishing between 'normal' and 'extreme' volatility.
Topic:
Development, Economics, Globalization, and International Trade and Finance
Political Geography:
Eastern Europe

37. Collective Bargaining Practices in Eastern Europe: Case Study Evidence from Romania

Author:
Aurora Trif
Publication Date:
10-2005
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
There are several studies on recent developments in collective bargaining in Eastern Europe, but there is still a debate about the extent to which collective bargaining practices resemble those in continental Western Europe. This paper aims to contribute to this debate, by examining primary data on collective bargaining practices in Romania using an actor-centred institutionalist approach. It focuses on collective bargaining in four large chemical companies. Comparisons are made to other countries in order to highlight the developments in Romanian cases. Unexpectedly, the study's findings point to an increase in state intervention in establishing the terms and conditions of employment after 1989, due to the state’s new roles during the transformation process that affected job security. The study suggests a considerable increase in the influence of top managers in determining pay and working conditions, while trade unions retained the considerable influence over social benefits in large companies. The findings show continuance of certain pre-1989 practices, such as a persistence of high state intervention and a limited independence of the trade unions from the management. This paper contributes to a deeper understanding of institutional changes in the context of a shift from a centrally planned economy to a market-based economy.
Topic:
Economics, Markets, and Political Economy
Political Geography:
Europe, Eastern Europe, and Romania

38. Strategic Unionism in Eastern Europe: The Case of Romania

Author:
Aurora Trif and Karl Koch
Publication Date:
07-2005
Content Type:
Working Paper
Institution:
Max Planck Institute for the Study of Societies
Abstract:
The shift from centrally planned economies to market-oriented economic models presented trade unions in Eastern European countries with crucial choices in relation to their roles as industrial relations actors. This paper investigates whether (and why) unions have chosen adversarial and/or co-operative relationships with the employers, based on a strategic choice conceptual framework. It focuses on trade union relations with employers at national, sectoral and company levels in Romania. It is argued that adversarial and co-operative relations between unions and employers developed simultaneously after 1989, but co-operation was the prevalent approach. Evidence suggests that ideological legacies, former institutions and the initial decision to participate in the macroeconomic transformation played a key role in shaping unions' choices towards co-operation with employers. Although this paper confirms the widespread view that labour is rather weak in Eastern Europe, it indicates that unions can be proactive and shape their own future if they have the capacity to mobilise their members and union leaders have the skills and willingness to use both conflict and co-operation in their relationships with employers. The comparison of evidence from Romania with other Eastern European countries reflects on the stage of Romanian transformation and also illustrates a wider possible applicability of the theoretical framework employed for the study.
Topic:
Economics, Industrial Policy, and Political Economy
Political Geography:
Europe, Eastern Europe, and Romania

39. Small Enterprises and Economic Policy

Author:
Simon Johnson and Anders Åslund
Publication Date:
03-2004
Content Type:
Policy Brief
Institution:
Carnegie Endowment for International Peace
Abstract:
Institutions such as strong property rights and the rule of law are important for both long-run economic performance and short-run volatility. Developing good institutions is generally viewed as a desirable goal, but there is no agreed road map for such changes.
Topic:
Economics
Political Geography:
Israel, Eastern Europe, East Asia, and Latin America

40. Are the Balance of Payments Deficits in the Baltic Countries Sustainable?

Author:
Jorgen Drud Hansen and Morten Hansen
Publication Date:
07-2004
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
For almost a decade all three Baltic countries have witnessed substantial deficits on the current accounts of the balance of payments. This paper discusses whether this situation should be a matter of concern. Recent literature on the sustainability of balance of payments deficits is reviewed and put into a Baltic context. The main conclusion is that the recurrent large deficits in the Baltic countries pose a risk for the fixed exchange-rate policies until the countries adopt the euro. In the longer term, large deficits will influence the time path of convergence of living standards between the Baltic countries and the EU as a whole.
Topic:
Development and Economics
Political Geography:
Europe and Eastern Europe