abstract: 'The article highlights the necessity of inclusive growth and development

  concept implementation in times of economic and social instability as it

  is widely recognized as the one that can and should tackle the common

  long existing problems like poverty, inequality, and insecurity. Thus,

  the subject of this research is to compare the patterns of inclusive

  growth and development across economies of Central and Eastern Europe

  (CEE); and to investigate the driving policies and institutions to

  countries'' inclusive growth and development. The research objective is

  to highlight policies that would increase equality, economic well-being,

  and as a result, the competitiveness of CEE countries. Methods. For this

  purpose, the comparative analysis of CEE countries'' inclusive growth and

  development patterns was done; and the empirical evaluation was done to

  observe relationship between the Inclusive Development Index and

  indicators that described economic policies and institutional factors

  relevant to inclusiveness. In a comparative analysis and a cross-country

  regression model (for both dependent and independent variables), a

  recently developed by World Economic Forum performance metric was used.

  Results. The main findings suggest that the Czech and Slovak Republics

  are the best performing among CEE countries in inclusive growth and

  development patterns. On the contrary, Ukraine, Moldova, and Russian

  Federation are the worst. Economic growth of these countries has not

  transformed well into social inclusion. Still, there is a great

  potential for all CEE economies to improve their social inclusiveness in

  comparison with EU-28 and Norway (the most inclusive economy in 2018).

  Results of the empirical research indicate that redistributive fiscal

  policy has little influence on inclusive growth and development.

  Nevertheless, it should create a public social protection system that is

  engaged in decreasing poverty, vulnerability, and marginalization

  without hampering economic growth. Besides, an effective and inclusive

  redistributive state system of CEE economies should accentuate on

  supporting human economic opportunities. According to the results of the

  regression model, positive strong influence on inclusive growth and

  development is associated with the employment and labour compensation

  policy that allows people to directly increase their incomes and feel

  active and productive members of society; the basic services and

  infrastructure policy which is a necessary ground for present and future

  human and economic development; the asset building and entrepreneurship

  policy provides diminishing inequality and rising economic opportunities

  by fostering medium and small business creation and enlarging

  possibilities of home and other asset ownership. Altogether these

  policies would increase broad-based human economic opportunities and

  consequently both equality, economic well-being, and CEE economies''

  competitiveness in the long run. The counter-intuitive effect observed

  in the regression model between education and skills development policy

  and country''s inclusive growth and development needs further

  investigations, as education is important for social mobility and

  decrease in income and wealth inequality.'
affiliation: 'Tsapko-Piddubna, O (Corresponding Author), Ivan Franko Natl Univ Lviv,
  Lvov, Ukraine.

  Tsapko-Piddubna, Olga, Ivan Franko Natl Univ Lviv, Lvov, Ukraine.'
author: Tsapko-Piddubna, Olga
author-email: olha.tsapko-piddubna@lnu.edu.ua
author_list:
- family: Tsapko-Piddubna
  given: Olga
da: '2023-09-28'
doi: 10.30525/2256-0742/2021-7-2-233-239
eissn: 2256-0963
files: []
issn: 2256-0742
journal: BALTIC JOURNAL OF ECONOMIC STUDIES
keywords: inclusive growth and development; inequality; economic opportunity
language: English
number: '2'
number-of-cited-references: '11'
orcid-numbers: Tsapko-Piddubna, Olga/0000-0002-7233-6019
pages: 233-239
papis_id: 1a77e1b47eb1c459898403613ab124a6
ref: Tsapkopiddubna2021inclusivegrowth
researcherid-numbers: Tsapko-Piddubna, Olga/ABA-3199-2021
times-cited: '2'
title: 'INCLUSIVE GROWTH POLICY AND INSTITUTIONAL ASSESSMENT: THE CASE OF CENTRAL
  AND EASTERN EUROPEAN COUNTRIES'
type: Article
unique-id: WOS:000656755200025
usage-count-last-180-days: '2'
usage-count-since-2013: '14'
volume: '7'
web-of-science-categories: Economics
year: '2021'