Petkov , Boris T. (2015). Macroeconomics of economic transition-determinants of the pattern of development. University of Birmingham. Ph.D.
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Abstract
Our objective is to try to understand the rationale for and the effectiveness of different economic policies in a transition.
We provide consistent, comprehensive analysis covering the interlinked questions of: i) how to achieve sustained, balanced/diversified economic growth; the main constraints are: government failure, human capital limitation, and corruption; ii) "what break-ups do to countries"; breakup countries experience deeper and shorter economic crisis, growing afterwards faster; iii) is there a prospect for economic convergence in the "club" of the 28 former centrally planned economies; we explore for a first time the issue-they are expected to reach half the distance to their non-growth steady state in around 50 years; iv) what is the quality of governance relationship with the resource "curse" or "blessing"; negative effect would obtain only in countries with poor institutional structures; v) what insights to the Dutch disease transmission mechanism can be provided by the Salter-Swan model; vi) is the Balassa-Samuelson hypothesis valid; we confirm its validity; and, vii) what are the most important sovereign yield spreads determinants, and propose the impact from financial market volatility; and, our empirical approach takes account of recent advances in econometric analysis of time series-fractional cointegration.
Type of Work: | Thesis (Doctorates > Ph.D.) | ||||||
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Award Type: | Doctorates > Ph.D. | ||||||
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College/Faculty: | Colleges (2008 onwards) > College of Social Sciences | ||||||
School or Department: | Birmingham Business School, Department of Economics | ||||||
Funders: | None/not applicable | ||||||
Subjects: | H Social Sciences > HB Economic Theory | ||||||
URI: | http://etheses.bham.ac.uk/id/eprint/6180 |
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