transition economy

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transition economy

a term used to describe a country the economic system of which is moving away from a CENTRALLY PLANNED ECONOMY based upon a centralized national plan to a decentralized PRIVATE-ENTERPRISE ECONOMY based upon the PRICE SYSTEM.
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Transition economies lean heavily on special economic zones for investment.
Most other transition economies were enjoying a surge in domestic credit (especially in the Caucasus region) and were reaping the benefits of the high volume of capital inflows (European Bank for Reconstruction and Development 2010).
Djalilov described how restrictions on bank activity, prudent capital requirements, the presence of strong authority and market discipline affect efficiency of banking sector in transition economies. Overall, he used System GMM, Dynamic Panel Quantile Regression and Stochastic Frontier Analysis to explore regulations and efficiency of 319 commercial banks from 21 transition economies for the period of 2002-2014.
It outlines measurement methods used to evaluate the extent and nature of the shadow economy and shadow labor force, both indirect methods and direct survey methods; the findings of the MIMIC (model approach and multiple causes and multiple indicators) indirect measurement method in terms of the shadow economy of 162 developing and transition economies from 1999 to 2007 and across OECD (Organisation for Economic Co-operation and Development) countries; the results of direct survey methods using International Labour Organization data and the 2007 Eurobarometer survey across 27 European countries; and policy approaches to the shadow economy.
As a reference book with a broad coverage of topics and of the literature on transition economies and transitions economics, this new Palgrave MacMillan dictionary reaches its objectives and will prove its usefulness.
Weak growth is also adversely impacting labour markets in developing and transition economies, with unemployment on the rise, especially in South America, or stubbornly high, as in South Africa.
However, with the exception of Kazakhstan, growth in merchandise exports from the Central Asian countries during the past decade has generally been below the rates reported by comparable developing and transition economies.
From 2000 to 2008, the transition economies experienced something of a boom, fueled in part by the global bubble economy that increased inflows of FDI, thereby increasing both the rate of capital formation and the growth of TFP through technology spillovers (Brada and Slaveski, 2012).
This paper is concerned with the question of whether the same set of criteria should be applied when assessing the entry of both mature and transition economies into the euro-zone - and why or why not.
The UN Conference on Trade and Development (UNCTAD) on Thursday reported that foreign investment in developing and transition economies rose to US$745 billion in the first half of 2013, up some 4 per cent over the same period last year.
Developing and transition economies are likely to grow by almost five per cent and three per cent, respectively.
While developing and transition economies are likely to grow by almost five percent and three percent respectively.
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