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1

Economic catch-up and competition policy. Comparative lessons of the case of South Africa

100%
Torok A.
Kozgazdasagi Szemle (Economic Review)
|
2005
|
vol. 52
|
issue 10
736-754
EN
The study analyses the specific conditions that led the South African ANC government to undertake a complete overhaul of the nation's competition law. This government initiated profound economic restructuring in the late 1990s. The particular challenges faced by the South African transition process were beyond the capabilities of the previous competition law. The paper draws conclusions from the South African practice of enactment (and major revision) and from legal-enforcement records for other developing countries. It compares the South African case with the competition-policy reforms of European transition economies.
2

ANALýZA SPRÁVY KORPORÁCIÍ A PROCESU VLASTNÍCKYCH ZMIEN V SLOVENSKEJ REPUBLIKE

80%
Brzica D.
Ekonomický časopis (Journal of Economics)
|
2005
|
vol. 53
|
issue 1
63-78
EN
The paper analyses more than a decade of corporate governance development in the Slovak Republic. After the introductory part (Part 1), the second part analyses ownership concentration patterns of the Slovak listed companies. Part 3 focuses on corporate restructuring as developed due to ownership changes. Corporate governance in banking sector is the topic of the Part 4. Evaluation of the impact of management changes on corporate governance system is studied in Part 5.In Part 6 are discussed changes in corporate governance as a consequence of implementation of legislation, regulation and self-regulation. Non-governmental initiatives, supporting the effort for higher transparency on capital market and better corporate governance, are studied in Part 7. In the final part (Part 8), a brief evaluation of expected development in the area of activities initiated at international and supranational levels is outlined.
3

PROBLEMS OF PENSION SYSTEM REFORMS, FINANCIAL SYSTEM STABILITY AND CAPITAL MARKET DEVELOPMENT IN EMERGING ECONOMIES

70%
Baghdasaryan A. M.
Mekhanizm Rehuluvannya Economiky
|
2012
|
vol. 1 (55)
157-163
EN
The article considers problems of pension system reforms arising in most countries with transition economy. As a solution introduction of multi-pillar system of pension provision is recommended. This system supposes existence of pillars based on the principles of both pay-as-you-go system and funded system. Nonetheless, introduction of mandatory funded pension system is connected with substantial risks. The presented article is devoted to the analysis of the risks of introduction of mandatory funded pension system and the main mechanisms of mitigation of risks as well as the social aspects of the reform.
4

R-STAR IN TRANSITION ECONOMIES: EVIDENCE FROM SLOVAKIA

70%
Kupkovič P.
Ekonomický časopis (Journal of Economics)
|
2020
|
vol. 68
|
issue 8
761 – 786
EN
The aim of this paper is to estimate the equilibrium real interest rate in Slovakia by means of a semi-structural unobserved components model. The equilibrium real interest rate is understood here as a short-term, risk-free real interest rate consistent with output at its potential level, and inflation at its target level after the effect of all cyclical shock have disappeared. Contribution to the literature is in two ways: (i) development of a modelling framework for small, open, and converging economies which can be used for other transition economies, and (ii) assessment of the adoption of the euro and its effect on the equilibrium real interest rate. Based on the estimates, the equilibrium real interest rate fell from the positive pre-euro (also pre-crisis) level into to the negative territory.
5

Stanovlennya natsional'noyi modeli ekonomichnoho rozvytku Ukrayiny

61%
Sapych V. I., Sapych N. M.
Mekhanizm Rehuluvannya Economiky
|
2013
|
vol. 1 (59)
78-87
EN
One component of the success of the countries that have created significant economic potential and provided for its people a decent life, was the election of an effective national model of economic development. Therefore, Ukraine's economy is an important to study the experience of leading countries, having regard to the historical, social, economic, and national characteristics of the country to determine the suitable model of economic development. The article shows that, for over 20-year period in Ukraine has formed a particular economic model that does not meet the expectations that we had at the beginning of market reforms. The expediency of introduction in Ukraine of catch-up model of development is based on analysis of the defining features of national models of today's leading countries. This model will later allow Ukraine to move to a society with a socially oriented economy.
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