Search

Begin New Search Content Type Special Report

2101. A quarter century of economic reforms in Ukraine: too late, too slow, too little

Author:
Oleh Havrylyshyn
Publication Date:
03-2015
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
The first aim of this paper is to describe the main developments in the Ukrainian economy since its independence in 1991, focusing on the evolution of output, and the path of economic reforms — that is, to simply show what happened. The bottom line on that is well known: Ukraine’s economy performed very poorly, and its reforms moved quite slowly, lagging behind most of Central Europe and the Baltic, and even behind some FSU (Former Soviet Union) countries. This first task is a relatively easy one, though some measurement issues do need discussion. In comparison, the second aim — explaining why it happened, identifying the explanatory, causal factors — is much more difficult and contentious. Indeed, causation here means two dynamics: the relationship between performance and reform pace, and the underlying determinants of the slow reforms. The paper’s main effort will be to argue and present evidence that the poor economic performance is primarily due to the late and slow start on economic reforms. However, it only begins to point to the explanations for slow reforms and suggest a modeling approach to analyze this econometrically in future work.
Topic:
Development, Markets, Economy, Transitional Justice, Institutions, and Trade Liberalization
Political Geography:
Europe, Ukraine, and Eastern Europe

2102. On Competition in the Banking Sector in Poland and Europe Before and During the Crisis

Author:
Małgorzata Pawłowska
Publication Date:
01-2015
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
In the past decades, the banking sector has come to be known in literature as the banking industry as it was geared to increasing profits, banks were growing, and banking products developed dynamically. It was believed that competition in the banking sector makes banks more efficient and stimulates financial innovation opening new markets. The financial crisis of 2007–2008 has sparked the interest of researchers and politicians in competition in the banking sector and its impact on the stability of the financial sector and overall economic growth. However, researchers cannot agree whether more competition improves or hinders stability. The paper is comprised of three sections and a summary. The first section discusses the concept of competition in the banking sector as well as measures of competition. The second section is a review of literature on competition in the banking sector and its determinants. The third section presents the results of research on competition in the EU, including my own research as well as other research. The paper concludes with a short summary. This publication was presented by Małgorzata Pawłowska during the 134th mBank-CASE Seminar "The global financial crisis: changes in competition in the banking sector in Europe, the role of regulation and intervention by governments and central banks".
Topic:
Financial Crisis, Finance, Economy, Global Financial Crisis, and Banks
Political Geography:
Europe, Poland, and European Union

2103. India’s Sustainable Development Led Approach to Climate Mitigation for Paris

Author:
Navroz K. Dubash
Publication Date:
08-2015
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
What should India put forward as the mitigation component of its climate contribution? India has dual interests in climate negotiations: safeguarding adequate energy for development, and promoting an effective international agreement to limit its climate vulnerability. To balance these interests, India should pledge well-developed sector-specific actions that maximize synergies across development and climate outcomes. This approach will avoid lock-in to a high carbon growth path while enhancing development. Sectoral actions could include an additional component conditional on availability of international climate finance. In addition, an updated emissions intensity target would serve as a useful complement to sectorally focused action.
Topic:
Climate Change, Development, Energy Policy, and Treaties and Agreements
Political Geography:
South Asia, India, and Global Focus

2104. Physician Shortages in the Indian Public Sector

Author:
Anjali Chikersal
Publication Date:
06-2015
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
India is one of the few countries that has been estimated to have a “critical” shortage of health workers and therefore unlikely to be able to provide essential health interventions to its people (WHO 2006). The dire impacts of these shortages are evident from the fact that it has fallen short of meeting its MDG goals on several fronts. As the current discourse on Universal Health Care debates the means of expanding coverage to all citizens, the one aspect universally agreed upon is the persistent challenge that a shortage of health workforce in the public sector poses, and the pressing need to address this gap. This policy brief outlines the core issues at the root of the problem and examines the reasons for the severe shortages in the key element of this workforce, the physicians, in the Indian public sector. It then provides an overview of WHO’s Global Policy Recommendations to address this challenge and looks at the strategies that various Indian states have so far adopted. Finally, it offers a set of practical and goal oriented recommendations aimed at directly and urgently addressing the challenge in the Indian context.
Topic:
Health, Governance, Health Care Policy, Public Policy, and Public Sector
Political Geography:
South Asia and India

2105. The Curious Case of GDP Growth

Author:
Rajiv Kumar and Geetima Das Krishna
Publication Date:
05-2015
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
The Central Statistics Office (CSO), the custodian of Indian statistics, has faced a lot of questioning after the release of the new GDP series with 2011-12 as base. The RBI, Ministry of Finance, IMF, several credit rating agencies have all questioned the validity of the revisions. Some analysts like Ruchir Sharma of Morgan Stanley have gone as far as to assert that these revisions if not corrected will make Indian statics as suspect as Chinese GDP data in the past. This will be a real pity. The extent of the revisions is shown in Table 1 below. With the new base year of 2012-13, GDP growth in FY 14 (2013-14) has been revised upwards to 6.6% at factor cost and a whopping 6.9% at market prices. This represents about 2% increase in GDP growth over the earlier estimate of 5%. Surely, such a large scale revision will or should significantly affect the understanding of the underlying economic phenomenon and lead to a marked policy shift. Contrary to what Surjit S Bhalla (SSB) would have us believe, not even the government is taking the revised estimates seriously enough as reflected in a lack of any change in policy direction.
Topic:
Political Economy, GDP, Economy, and Economic growth
Political Geography:
South Asia and India

2106. Macroeconomic Update: Early Signs of Rise in Investment

Author:
Geetima Das Krishna and Rajiv Kumar
Publication Date:
07-2015
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
Economic recovery remains fragile on the back of a weak consumption demand. Sustained high growth will be achieved only with an upturn in the investment cycle. The government seems to have understood the importance of pump-priming the capex cycle directly through higher public capital expenditure and front loading the expenditure. While private investment remains muted due to stressed corporate balance sheets, weak external and domestic demand prospects and commercial banks’ cautious approach to expanding credit, there are some early signs that the private investment cycle is likely to turn around in the next six to nine months.
Topic:
Government, Economic growth, Banks, Investment, and Macroeconomics
Political Geography:
South Asia, India, and Asia

2107. Macroeconomic Update: Indian Exports: Loss of Global Competitiveness

Author:
Rajiv Kumar and Geetima Das Krishna
Publication Date:
06-2015
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
India’s exports have declined for six consecutive monthssince December 2014 with an average decline of 13.85% yoy. The decline was broad-based. Even exports of Manufactured goods trended lower during this time and failed to compensate for the fall in nominal value of commodity exports, which declined due to a huge erosion of global commodity and oil prices. India’s exports seem to have become more reliant on global commodity prices in recent years. In line with global crude oil prices, India’s monthly petroleum exports that peaked in July’14 at $7 billion shrunk to mere $2.4 billion in May 2015, declining at an average of 52% since the start of the year. Iron ore exports having peaked at $509.5 million in December 2011 moved from $129.5 million in April 2014 to $10 million in May 2015. It is instructive to take a longer term perspective of export performance (Please see Chart I below). Average export growth hasremained almoststagnantsince January 2012 after a sharp bounce back from the collapse in the first and second quarters of 2009, induced by the global financial crisis. Export growth since October 2011 (50 months) is much lower than the robust 20% average clocked during the seven year period of April 2002- March 2009. (marginally lower than the 23% rate of growth assumed for the five year period of 2015-16 to 2020-21 in the Foreign Trade Policy announced in early 2015).
Topic:
International Trade and Finance, Oil, Economic growth, Commodities, Exports, and Macroeconomics
Political Geography:
South Asia, India, and Global Markets

2108. 2015 Symposium Sheds Light on Complexities of Shale Oil

Author:
Tareq Radi
Publication Date:
04-2015
Content Type:
Special Report
Institution:
Center for Contemporary Arab Studies
Abstract:
This year’s symposium, entitled “An Energy Revolution? Political Ecologies of Shale Oil in the Middle East, US, and China,” set out to assess the political, economic, human, and environmental impacts of shale oil and its technologies of extractiong lobally, and particularly on the societies and economies of the MENA region.
Topic:
Energy Policy, Environment, Oil, Natural Resources, and Academia
Political Geography:
China, Middle East, and United States of America

2109. Examining the Future of Authoritarianism in the Arab World

Author:
Joseph Sassoon
Publication Date:
04-2015
Content Type:
Special Report
Institution:
Center for Contemporary Arab Studies
Abstract:
Dr. Joseph Sassoon has spent the past few years working to improve our understanding of authoritarian governments that are typically inscrutable to outsiders, focusing first on the Ba‘th Party under Saddam Hussein for his book Saddam Hussein’s Ba‘th Party: Inside an Authoritarian Regime and, more recently, conducting a comparative analysis of eight authoritarian regimes in the Arab world. Dr. Sassoon’s comparative analysis, which he recently finalized during a fellowship at the Woodrow Wilson Center for International Scholars, looks at differences and commonalities among these coercive governments and will be published in his forthcoming book, Anatomy of Authoritarianism in the Arab Republics.
Topic:
History, Authoritarianism, Democracy, Interview, and Baath Party
Political Geography:
Iraq, Middle East, Arab Countries, Syria, Egypt, and Tunisia

2110. George Salem: A Mission of Love

Author:
Vicki Valosik
Publication Date:
04-2015
Content Type:
Special Report
Institution:
Center for Contemporary Arab Studies
Abstract:
For more than three decades, CCAS Board Member George Salem has sought ways to improve the lives of Palestinians and Arab Americans.
Topic:
Government, Humanitarian Aid, Business, Profile, and Advocacy
Political Geography:
Middle East, Palestine, North America, and United States of America