Applied economics for development : empirical approaches to selected social and economic issues in transition economies / Mahmut Zortuk (editor).

Includes bibliographical references and index.

Annotation Transition economies experience transformation of their economic system. Following the disintegration of the Soviet Union, a number of former socialist countries underwent transitions from central planning to a market economy. More generally, many rapidly growing economies undergo no less profound transformations of their economic systems. Contrary to common misconception, the transition process cannot be simply reduced to eliminating state intervention and liberalizing the economy. Economies under transition exhibit a unique set of policy challenges. Unlike developed market economies, missing markets or market failures abound. Economic transformation takes the form of rapidly evolving patterns of international trade and investment, industrial structure and consumption. These changes call for appropriate public policies. A continuing flow of investment hinges on suitable institutions, the provision of public infrastructure and other public goods. Adequate regulation can be central in ensuring that environmental resources are sustainably managed. And sophisticated production systems, call for corresponding social institutions in terms of education, health and welfare provisions. In all these cases, accurate empirical assessments are central to the design of effective policy. This book presents a selection of pressing economic and social issues in transition economies. Selected issues include the development of particular industrial sectors, the drivers and consequences of foreign direct investment, public finances, urbanization, social indicators, environmental policy and energy diversification. In each case an original empirical analysis is performed, using a variety of advanced quantitative methods, applied to recent data. The book will be of interest to economists studying transition economies, economic development or having a general interest in applied economics. It will be of particular interest to applied economists, policy analysts and policy makers in transition economies, concerned with the shape and direction of appropriate economic reforms.

1. Tourism development -- Economic growth nexus, an empirical application on transition countries -- 2. Analyzing the shadow economy of selected transition economies by a mimic model -- 3. Neoliberal transformations and practices of privatization in transition economies -- 4. The impact of FDI on economic growth in transition countries: a panel quantile regression approach -- 5. The impact of foreign direct investment on tax revenues: evidence from selected transition economies -- 6. Evaluation of FDI attractiveness of selected transition economies: an analytic network processed based BOCR approach -- 7. Analysis of the relationship between social and economic indicators of selected transition countries by canonical correlation analysis -- 8. Urbanization and CO2 emission in transition economies: a neural network approach -- 9. An empirical approach to consumption of renewable energy sources in transition economies -- 10. The investigation of female labor force indicators by using clustering and multidimensional scaling analysis -- 11. The economic preferences necessary for avoiding the middle-income trap: an analysis on selected transition economies -- 12. Measuring quality of life in transition economies: mimic model approach.

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