nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2011‒07‒27
two papers chosen by
Koen Schoors
Ghent University

  1. The Impact of the Global Financial Crisis on Education and Healthcare in the Economies of the Former Soviet Union – the Case of Moldova By Richard Woodward; Deniz E. Yörük; Slavo Radosevic
  2. The Impact of the Global Financial Crisis on Education and Healthcare in the Economies of the Former Soviet Union – the Case of Moldova By Nina Cainarean; Eugenia Veverita; Petru Veverita

  1. By: Richard Woodward; Deniz E. Yörük; Slavo Radosevic
    Abstract: This paper focuses on knowledge-based entrepreneurship, or new firm creation in industries which are considered to be science-based or to use research and development intensively, in the East Central European (ECE) context. On the basis of case studies of thirteen knowledge-based firms in six ECE countries, we suggest that KBE firms in these countries may differ in some important ways from the conventional picture of new technology based firms. In general, we see the ECE knowledge-intensive firm as a knowledge-localiser or customiser, adapting global knowledge to local needs on the domestic market, rather than a knowledge-creator generating new solutions for global markets. The entrepreneurs who start and run these businesses are skilled at spotting trends early and bringing them to their countries. Based in countries that generally have poor reputations as sources of innovative, high-technology products, but having established strong brands for themselves in their home markets, they are struggling with the challenge of entering export markets with products and services that can achieve global, or at least regional, recognition. The studies of the companies discussed here suggest that ECE firms are still in the early stages of this strategic shift.
    Keywords: Knowledge-based economy, Entrepreneurship, Transition, Post-communist, SMEs, Case studies, Croatia, Czech Republic, Hungary, Lithuania, Poland, Romania
    JEL: L26 O31 O52 P27
    Date: 2011–07
  2. By: Nina Cainarean; Eugenia Veverita; Petru Veverita
    Abstract: This study reviews the impact of the global financial crisis on public service delivery in the Republic of Moldova. It provides a background of the country’s development in the period prior to the crisis (2000 to 2007/2008) and presents the factors which determined the country’s fiscal performance during the crisis (2008-2010). The main aim of the study is to describe the changes in education and health financing and the associated changes in service delivery during the crisis. The presentation of the reforms in the social sector is necessary to set the stage for discussion and is not a primary goal of this study. In particular, the study analyzes the size and dynamics of public financing of education and healthcare and their intra-sector structure, as well as crisis management. It measures the impact the financial crisis had on the quality and reliability of public services and analyzes policy measures undertaken by the government to mitigate crisis’ impact. Conclusions and recommendations derived from the study should enable national policy-makers and international institutions supporting public finance reforms to improve the targeting of limited public resources both between and within individual sectors.
    Keywords: Economic Crisis, Economic Development, Fiscal Policy, Education, Healthcare
    JEL: E62 O10
    Date: 2011

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