nep-tra New Economics Papers
on Transition Economics
Issue of 2006‒07‒21
seven papers chosen by
Tono Sanchez
Universitat de Valencia

  1. Monetary Policy Rules in Central and Eastern Europe By Frömmel, Michael; Schobert, Franziska
  2. Status of Institutional Reforms for Integrated Water Resources Management in Asia: Indications from Policy Reviews in Five Countries By D. J. Bandaragoda
  3. The Impact of Legislature and Citizens on the Budgeting Process in Switzerland: Lessons for Central and Eastern Europe By Krisztina Tóth
  4. Measuring corruption in Eastern Europe and Central Asia : a critique of the cross-country indicators By Knack, Stephen
  5. Trasformazione sistemica, ingresso nell'UE e sviluppo regionale nei paesi dell'Europa Centro-orientale By Carlofilippo FRATESCHI
  6. Estimation of Gross Social Product and Net Material Product in the USSR By Tatiana A. Chief
  7. On Compilation of Long Term Series of GDP for the Former USSR Republics By Youri N. Ivanov

  1. By: Frömmel, Michael; Schobert, Franziska
    Abstract: We estimate monetary policy rules for six central and eastern European countries (CEEC) by taking changes in the policy settings explicitly into account. Distinguishing rather fixed and more flexible exchange rate arrangements we find that for most countries exchange rates played an important role in monetary policy during the fixed exchange rate regime, whereas their influence disappears after the introduction of floating exchange rate regimes. This indicates that most countries followed their officially announced policy settings. For Slovenia and to some extent for Romania, however, we find evidence for exchange rate targeting, although they officially announced a managed float.
    Keywords: monetary policy, Taylor rule, transition economies, CEEC, inflation targeting, interest rate policy
    JEL: E52 E58 P20
    Date: 2006–07
  2. By: D. J. Bandaragoda (International Water Management Institute)
    Keywords: water resource management / institutional development / water policy / water resources development / case studies / water shortage / river basins / water conservation / irrigation management / water law / drinking water / cost recovery / water pollution / national planning / Asia / China/ Indonesia / Philippines / Sri Lanka / Thailand /
    Date: 2006
  3. By: Krisztina Tóth (Chaire de Finances Publiques)
    Abstract: Scholars evaluating national and local budget procedures in Central and Eastern Europe generally advocate a greater role for legislative bodies and citizens. Mature federations and decentralised countries in Western Europe are often cited as prime examples of participatory budgeting which is supposed to lead to greater fiscal discipline, a better allocation of public resources and higher administrative efficiency. This paper investigates the strengths and weaknesses of legislative activism in Switzerland, with special regard to its ability to answer the double challenge resulting from a push for new expenditures and lower taxes, on one side, and an attempt to maintain deficit levels close to zero, on the other. While the strong consensus orientation, the careful regulation of revenue and expenditure assignment, as well as the systematic use of voters' right to direct participation are perceived as key to the success of the Swiss democracy, this study also highlights how these features can limit the effective influence of the parliament on budgeting and planning. Central and East European countries may learn several lessons from the Swiss case, all of which are rather thought to add an input to long-term reforms rather than provide immediate solutions. The analysis points out some serious limitations of the hierarchical budgeting model as well as the consequences of a haphazard and opaque expenditure and revenue assignment. It reminds, however, that the dynamic process of post-socialist transition requires governments and parliaments to preserve a great deal of flexibility in the budget procedure. At the same time, new methods of public management and a greater transparency of public budgets are examples of tools that may be introduced on the medium term without the risk of slowing down the transition process.
    Keywords: parliament; legislative; budgetary procedure; direct democracy; intergovernmental fiscal relations; public administration; transition economies; Switzerland
    JEL: H61 H62 H70 H83
    Date: 2005–07
  4. By: Knack, Stephen
    Abstract: This paper assesses corruption levels and trends among countries in the transition countries of Eastern Europe and Central Asia (ECA) based on data from several sources that are both widely used and cover most or all countries in the region. Data from firm surveys tend to show improvement in most types of administrative corruption, but little change in " state capture " in the region. Broader, subjective corruption indicators tend to show somewhat greater improvement in ECA than in non-ECA countries on average. A " primer on corruption indicators " discusses definitional and methodological differences among data sources that may account in large part for the apparently conflicting messages they often provide. This discussion concludes that depending on one ' s purpose, it may be more appropriate to use data from a single source rather than a composite index because of the loss of conceptual precision in aggregation. A second conclusion is that the gains in statistical precision from aggregating sources of corruption data likely are far more modest than often claimed because of interdependence among data sources. The range of detailed corruption measures available in firm surveys are exploited to show that broad, perceptions-based corruption assessments appear to measure primarily administrative corruption, despite their stated criteria placing great weight on " state capture. " Finally, the paper emphasizes the need for scaling up data initiatives to fill significant gaps between our conceptual definitions of corruption and the operational definition embodied in the existing measures.
    Keywords: Governance Indicators,Poverty Monitoring & Analysis,Scientific Research & Science Parks,Science Education,Corruption & Anitcorruption Law
    Date: 2006–07–01
  5. By: Carlofilippo FRATESCHI (Universit… di Padova, Dipartimento di Scienze economiche "Marco Fanno")
    Abstract: In this paper I consider the economic and social evolution of the PECO countries at the regional level. Growing integration in the EU market, and the general economic and financial globalization are the main external conditioning processes of that evolution. Local economies, characterized by different economic, social and geographic initial conditions, reacted in differentiated ways. The paper highlights four typical paths of evolution, common to all the ex-socialist East-European countries.
    Date: 2006–07
  6. By: Tatiana A. Chief
    Date: 2006–07
  7. By: Youri N. Ivanov
    Date: 2006–07

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