128 lines
4.4 KiB
YAML
128 lines
4.4 KiB
YAML
abstract: 'The article highlights the necessity of inclusive growth and development
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concept implementation in times of economic and social instability as it
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is widely recognized as the one that can and should tackle the common
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long existing problems like poverty, inequality, and insecurity. Thus,
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the subject of this research is to compare the patterns of inclusive
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growth and development across economies of Central and Eastern Europe
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(CEE); and to investigate the driving policies and institutions to
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countries'' inclusive growth and development. The research objective is
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to highlight policies that would increase equality, economic well-being,
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and as a result, the competitiveness of CEE countries. Methods. For this
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purpose, the comparative analysis of CEE countries'' inclusive growth and
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development patterns was done; and the empirical evaluation was done to
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observe relationship between the Inclusive Development Index and
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indicators that described economic policies and institutional factors
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relevant to inclusiveness. In a comparative analysis and a cross-country
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regression model (for both dependent and independent variables), a
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recently developed by World Economic Forum performance metric was used.
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Results. The main findings suggest that the Czech and Slovak Republics
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are the best performing among CEE countries in inclusive growth and
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development patterns. On the contrary, Ukraine, Moldova, and Russian
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Federation are the worst. Economic growth of these countries has not
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transformed well into social inclusion. Still, there is a great
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potential for all CEE economies to improve their social inclusiveness in
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comparison with EU-28 and Norway (the most inclusive economy in 2018).
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Results of the empirical research indicate that redistributive fiscal
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policy has little influence on inclusive growth and development.
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Nevertheless, it should create a public social protection system that is
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engaged in decreasing poverty, vulnerability, and marginalization
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without hampering economic growth. Besides, an effective and inclusive
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redistributive state system of CEE economies should accentuate on
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supporting human economic opportunities. According to the results of the
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regression model, positive strong influence on inclusive growth and
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development is associated with the employment and labour compensation
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policy that allows people to directly increase their incomes and feel
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active and productive members of society; the basic services and
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infrastructure policy which is a necessary ground for present and future
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human and economic development; the asset building and entrepreneurship
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policy provides diminishing inequality and rising economic opportunities
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by fostering medium and small business creation and enlarging
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possibilities of home and other asset ownership. Altogether these
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policies would increase broad-based human economic opportunities and
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consequently both equality, economic well-being, and CEE economies''
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competitiveness in the long run. The counter-intuitive effect observed
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in the regression model between education and skills development policy
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and country''s inclusive growth and development needs further
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investigations, as education is important for social mobility and
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decrease in income and wealth inequality.'
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affiliation: 'Tsapko-Piddubna, O (Corresponding Author), Ivan Franko Natl Univ Lviv,
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Lvov, Ukraine.
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Tsapko-Piddubna, Olga, Ivan Franko Natl Univ Lviv, Lvov, Ukraine.'
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author: Tsapko-Piddubna, Olga
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author-email: olha.tsapko-piddubna@lnu.edu.ua
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author_list:
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- family: Tsapko-Piddubna
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given: Olga
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da: '2023-09-28'
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doi: 10.30525/2256-0742/2021-7-2-233-239
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eissn: 2256-0963
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files: []
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issn: 2256-0742
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journal: BALTIC JOURNAL OF ECONOMIC STUDIES
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keywords: inclusive growth and development; inequality; economic opportunity
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language: English
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number: '2'
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number-of-cited-references: '11'
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orcid-numbers: Tsapko-Piddubna, Olga/0000-0002-7233-6019
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pages: 233-239
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papis_id: 1a77e1b47eb1c459898403613ab124a6
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ref: Tsapkopiddubna2021inclusivegrowth
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researcherid-numbers: Tsapko-Piddubna, Olga/ABA-3199-2021
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times-cited: '2'
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title: 'INCLUSIVE GROWTH POLICY AND INSTITUTIONAL ASSESSMENT: THE CASE OF CENTRAL
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AND EASTERN EUROPEAN COUNTRIES'
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type: article
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unique-id: WOS:000656755200025
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usage-count-last-180-days: '2'
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usage-count-since-2013: '14'
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volume: '7'
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web-of-science-categories: Economics
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year: '2021'
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