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1

UNDERESTIMATING INSTITUTIONS ?

100%
Redek T.
Ekonomický časopis (Journal of Economics)
|
2005
|
vol. 53
|
issue 5
542-555
EN
The article examines the significance of institutional quality for economic performance during transition. In any economy the most important institutions are the legal system and its quality, the state, the structure of the financial system and the system of international relations. The process of economic transition was mainly a process of massive institutional changes which were spurred by economic causes and also themselves had significant economic consequences. The article examines the institutional changes in transition economies and shows that institutions matter. To prove this, a simple descriptive method was used, followed by econometric testing: a panel data analysis and an extreme bounds analysis to check the robustness of the results.
2

FORMALIZOVANÝ MODEL TRANZITÍVNEJ EKONOMIKY SLOVENSKA

100%
Luptáčik M., Ďuráš J., Hrivnáková J., Kvetan V., Ondko P., Pálenik V.
Ekonomický časopis (Journal of Economics)
|
2005
|
vol. 53
|
issue 1
33-48
EN
This paper describes behavior of Slovak economy during transformation process using tools of mathematical economy. As a base the IS-LM model for open economy is taken which is further modified to meet specifics of small open economy. The transition process of Slovak economy is divided into three periods and for each one modification of general model is used. The results prove that Slovak economy started with behavior considerably different from the one described by standard model, but it was moving closer to it as the transition process continued.
3

THE PATH TO STABILITY AND GROWTH: THE CASE OF SLOVENIA

100%
Kračun D.
Ekonomický časopis (Journal of Economics)
|
2006
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vol. 54
|
issue 4
307-322
EN
Slovenia's economic transformation is usually considered successful. It deviated from the theoretical patterns: its general approach to the reforms was rather conservative and was inclined to the tolerate inflation. The decisive period was between 1991 and 1994 when the government implemented the crucial reforms creating the favourable conditions for inflation to decrease and, at the same time, turn the economy toward sustained growth.
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