This working paper investigates the tension between market forces and welfare policies by applying Karl Polanyi's "double movement" study to pre- and posttransformation Poland. The analysis aims at providing a comprehensive perspective on how poverty relief policies impacted and have been...

We investigate the broad economic impact of accession in the case of 13 countries who joined the European Union starting with 2004, by comparing them with both EU and non-EU countries. Using 25 years of data, we document significant post-accession improvements in productivity and/or GDP per...

Over a quarter of the world’s population lives in countries that have undertaken transitions from central planning to some form of market-based coordination. These transitions entail far-reaching and complex economic and institutional changes and have had widely divergent trajectories....

Uzbekistan has made significant progress in its transition to a market economy since 2017, achieving advancements in macroeconomic stabilization, trade and exchange rate liberalization, price liberalization, and small-scale privatization. Despite these successes, challenges remain in reforming...

This paper analyzes the economic growth trajectories of post-communist countries that emerged following the collapse of the USSR. I treat the Soviet Union's sudden dissolution as a natural experiment that triggered rapid institutional changes, providing a unique opportunity to iso- late...

We study the socio-economic determinants of perceptions toward intimate partner violence (IPV), utilizing a novel dataset covering eight countries: Armenia, Belarus, Georgia, Latvia, Poland, Russia, Sweden, and Ukraine. We identify factors that are correlated with perceptions of violence in...

This study examines the influence of entrepreneurial role models on an individual's decision to become self-employed and how age moderates this relationship. We use a dataset of 8000 individuals from the Global Entrepreneurship Monitor (GEM 2013-2017) and apply logit regressions to assess this...

Purpose - This article examines potential impacts of increase in non-tax government revenues and public expenses on corruption for 11 transition economies in the Central and Eastern Europe. Design/methodology/approach - The empirical analysis uses yearly panel datasets and employs...

Transition economies, on the one hand, grapple with a communist legacy; on the other hand, they seek the optimal institutionalization for knowledge generation, dissemination, and commercialization to compete globally. However, the incumbent knowledge of certain aspects of their innovation...

The purpose of this study is to create a representative socio-economic profile of entrepreneurs operating in the former Soviet Union (FSU) states as a pillar of the new middle-class stratum. This study explored middle-class entrepreneurship from multiple perspectives, encompassing statistical...

This paper aims to explore the effect of financial innovation on economic growth in 28 transition countries from 2004 to 2021. Financial innovation is categorized based on the structure of the financial system, including commercial banks, non-commercial banks and financial markets. By applying...

This study investigates the determinants of FDI to 12 transition economies in the Commonwealth of Independent States (CIS) by incorporating the market, institutional, and geographic factors, using panel data from 2002 to 2020. We analyze whether and how these factors differ across regions based...

Corporate governance is one of the key factors in corporate performance for the economy. In particular, for a transition economy, which is on the way of developing economies from the least developing economy, the relevant attributes of corporate governance are a vital issue. This study explores...

This study investigates the relationship between macroeconomic and microeconomic policies and entrepreneurial dynamics in two economies transitioning from planned economies to free markets, comparing them to a developed economy. Macroeconomic policies, despite not directly targeting...

This paper employs an extensive household survey data set covering a wide range of transition countries to empirically characterize real estate ownership of households. The types of dwellings, housing tenure (own vs rent), second home and land ownership, and mortgage prevalence by household...

The city-state of Singapore is a rare case of market autocracy. The government systematically suppresses political dissent through its courts and legislature, and political power is concentrated almost entirely in the hands of a small governing body: the Cabinet of Ministers. At the same time,...

There is a gap between the theoretical literature which almost unanimously advocates the privatization of enterprises, as part of the solution to the commitment problem in economies in transition, and the empirical evidence regarding the best way to design a privatization program in order to...

Governments foster conducive conditions for entrepreneurs through functioning free markets and good governance. In most post-Soviet countries, these conditions are still missing. Lack of political will combined with a detrimental Soviet legacy towards entrepreneurs continues to stunt...

Many demographic challenges and new trends have been observed across formerly state socialist countries after embarking on their political and economic transition. Including countries that range from Eastern Europe to Central Asia, this study explores whether some family-related events were more...

International financial reporting standards (IFRS) have become a worldwide common accounting language which most countries have adopted. However, there are no studies obtained based on transition economies in a particular geographic zone. Thus, this study is carried out to observe the influence...

Central Asian Economies (CAEs) have diverse exchange rate policies. They have recorded higher volatility in the foreign exchange market since inception. High volatility of the transition era has drifted these economies towards partial dollarization. Monetary authorities in CAEs, (already have a...

The goal of the present paper is to analyze changes in the compositional structures of Georgia's economy, explore the related qualitative transformations and explain implications for trade and development. By comparing the evidence of several European countries, we put Georgia's structural...