Theoretical and Applied Economics
No. 4 / 2016 (609), Winter
Gradualistic strategy of transition to market economy
Tbilisi State University, Georgia
Simon GELASHVILI
Tbilisi State University, Georgia
Abstract. Following the collapse of the Soviet Union, post-Soviet countries started transition to the market economy, giving birth to various economic theories. The article presents review of Gradualistic theory of transition to the market economy and empirical research based on the economic indicators of China. In the model percentage values of savings and total investments are taken as variables indicating to the financial capabilities of the State. Empirical research demonstrated that norm for total investments and savings has direct growing relationship with the Gross Domestic Product, which is a logical outcome. Moreover, factors of government reform activities and government support have also direct growing relationship with the growth in Gross Domestic Product. Received outcomes are adequate to the theoretical model and indicate to the efficiency of Gradualistic strategy.
Contents
The influence of fiscal freedom, government effectiveness and human development index on tax evasion in the European Union
Limitation of ARIMA models in financial and monetary economics
The Romania's challenges regarding the integration in the Euro Area
Does remittance drive economic growth in emerging economies: Evidence from FMOLS and Panel VECM
Effectiveness of monetary policies in OECD countries
Determinants of household loans
Tourism and economic structural change with endogenous wealth and human capital and elastic labor supply
Migration – trade nexus revisited: Empirical evidence from Turkish emigrants in OECD countries
New pillars of the banking business model or a new model of doing banking?
Effects of R&D and innovation on income in EU countries: new generation panel cointegration and causality analysis
The major economic evolution of Romania by the middle of 2016
Foreign aid, macroeconomic policies and economic growth nexus in India: An ARDL bounds testing approach
Human nature in the economic behavior based on the neoclassical economic model
Determinants of nonperforming assets-bank-specific and macroeconomic factors: A panel data analysis of different group of commercial banks operating in India
Gradualistic strategy of transition to market economy
Financial liberalization and economic growth: Evidence from Tunisia
Public target space as key factor for public policy implementation
The relationships among the returns of investment instruments: a vector autoregressive approach for Turkey
Current account sustainability in SAARC economies: Evidence from combined cointegration approach
Information asymmetry and technical efficiency: Case of a panel of Tunisian insurance companies
FDI and export spillovers using Heckman’s two step approach: Evidence from Turkish manufacturing data