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on Central and Western Asia |
| By: | Natalia T. Tamirisa; Christoph Duenwald |
| Abstract: | Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation, to our knowledge, this is the first study to systematically examine, with a focus on the Middle East and Central Asia region, the recent trends and drivers of public wage bills in the region and to identify key policy implications. |
| Keywords: | Public sector;Public sector wages;Public employment;Public expenditure management;Public expenditures reform;Public services;Public employment systems;Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems |
| Date: | 2018–01–09 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfdep:18/01&r=cwa |
| By: | Ara Stepanyan; Agustin Roitman; Gohar Minasyan; Dragana Ostojic; Natan P. Epstein |
| Abstract: | In the face of sharply lower oil prices and geopolitical tensions and sanctions, economic activity in Russia decelerated in late 2014, resulting in negative spillovers on Commonwealth of Independent States (CIS) and, to a lesser extent, on Baltic countries. The spillovers to eastern Europe have been limited. The degree of impact is commensurate with the level of these countries’ trade, remittances, and foreign direct investment (FDI) links with Russia. So far, policy action by the affected countries has focused on mitigating the immediate consequences of spillovers. |
| Keywords: | Economic growth;Europe;External shocks;Armenia;Azerbaijan;Middle East;Regional shocks;Moldova;Inflation;Russian Federation;Tajikistan;Uzbekistan;Negative spillovers;Remittances;exchange rate, currency, exchange |
| Date: | 2016–09–27 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfson:16/03&r=cwa |
| By: | Zadvorneva, Evgenia; Stukach, Victor |
| Abstract: | Purpose: to investigate methodological aspects and propose practical measures to develop the institutional environment of the agro-food market of the suburbs of the capital of Kazakhstan in Astana when entering the WTO. The object of the study are the institutions of infrastructure, the subject of research - the problems of the formation and development of the infrastructure of the agro-food complex of the metropolitan suburban area. To write the article, methods of economic research were used: abstract-logical, analytical, economic-statistical, expert. The agro-food market of the capital city is a system of economic relations between producers and consumers of food products, mediated by enterprises of the infrastructure complex. Its potential is formed from the resources of a suburban agricultural and food complex. The market infrastructure of the city economy in the food supply system of the capital city includes trade and intermediary, financial and credit, transport, information, economic, legal infrastructure designed to meet the needs of participants in the local food market. Opening its agricultural and food market for world food producers in the amount of its obligations to the WTO, Kazakhstan creates conditions for companies, the introduction of scientific and technological progress. One of the most important ways to increase the efficiency of production and sustainable development of the market infrastructure of the suburban area of Astana is the organization of an agrotechnical park designed to combine the scientific core, educational system and production complex into a single integrated research and production formation. |
| Keywords: | infrastructure institutions, infrastructure, suburban area, agrotechnopark |
| JEL: | O24 O3 O4 Q1 Q13 R11 |
| Date: | 2017–02 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:85558&r=cwa |
| By: | George Abuselidze (Faculty of Economics and Business, Batumi Shota Rustaveli State University) |
| Abstract: | Objective – The purpose of this paper is to develop the optimal economic and social model for the modern stage and analyze the Social Progress Index in Georgia. The research is based on the paradigm that "what we analyze, this determines the decisions we make". Consequently, emphasis is placed on issues that significantly affect human wellbeing. Methodology/Technique – In this top-down study, the empirical material is collected from official documents and public statements made by centrally placed politicians and administrators in Georgia as well as research conducted by international organizations in Georgia. The research database used is the legislative and normative acts adopted by the government of Georgia in the modern day, in particular: the National Statistics Office of Georgia, the Economic Development and Finance Ministries, the Georgian National Statistics Office, the Parliamentary Finance and Budget Committee and other related departments. Findings – This study shows that the formation of the optimal economic and social organization model of a country is particularly dependent on the selection and implementation of the most appropriate fiscal policy. The philosophy of social security is one of the greatest achievements of modern civilization. The present work is dedicated to the progress of human development – specifically, welfare issues. This provides the model for creating the optimal social security system of a population, with the following social system parameters: distribution of national income to the population and their families and addressing the issues of financing social security needs. Based on the study of the social experiences of social reform and the social indicators of the European Union, the alternate concept of prosperity and perfection is developed. These topics are the focus of the present work. Novelty – The empirical material contained within focuses on the period after 2005, when some important changes in political leadership took place. In 2003, Saakashvili became President of Georgia, Ivanishvili was elected as Prime Minister in 2012 and Kvirikashvili took over this position in 2015. During this time, there was also a shift in government social policy at a central level. The collection of empirical data for this study ends in 2017, giving a total study period of 12 years. |
| Keywords: | Fiscal Policy; Welfare; Social Security; Social Innovation; Household; Employment. |
| JEL: | E24 E62 H31 H55 H61 R2 R51 |
| Date: | 2018–02–26 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber153&r=cwa |
| By: | Khobai, Hlalefang |
| Abstract: | The study purposes to investigate the relationship between renewable energy consumption and economic growth in Turkey using annual data covering the period 1990–2014. The Autoregressive Distributed Lag (ARDL) model is applied and the findings suggest existence of a long run relationship among the variables. The ARDL long run estimation results discovered that renewable energy consumption has a positive and significant effect on economic growth. The results from the Vector Error Correction Model (VECM) reveals that there is a unidirectional causality flowing from economic growth to renewable energy consumption without feedback. This findings bring a fresh perspective for policy makers for long run and sustainable economic development in Turkey. |
| Keywords: | Renewable energy consumption, Economic growth, Causality, Turkey |
| JEL: | C32 D04 Q01 Q42 Q47 |
| Date: | 2018–03–09 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:85082&r=cwa |
| By: | Gvozdeva, Margarita (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); lubimov, Ivan (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Lysuk, Marina (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | Diversification of the economy, the transition from the export of simple goods to more complex ones, is a fundamental approach to economic development. If there is a consensus on economic development through diversification among representatives of the academy and representatives of the authorities, then there is no such agreement as to which sectors should be chosen in the first place. The identification of new export industries is often not based on a fundamental scientific approach, and often reflects the desire to create as many new industries as possible, filling all cells in the input-output table in the shortest possible time. World practice does not know such precedents, while world experience points to other, gradualist and more successful export diversification strategies. This work will consider the approach to regional diversification, based on world historical experience and modern scientific methods. |
| Keywords: | diversification of the economy, export, economic development |
| Date: | 2018–02 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:021801&r=cwa |
| By: | Knar Khachatryan (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis - UCA - Université Côte d'Azur - CNRS - Centre National de la Recherche Scientifique - UCA - Université Côte d'Azur); Emma Avetisyan (Audencia Business School) |
| Abstract: | The heavy-handed regulation enforced a commercialization process and as a result pushed microfinance institutions towards a commercial logic. This commercial shift, in its turn, diminished the importance of the social component. |
| Date: | 2017–11 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01695638&r=cwa |