Abstract
V članku je predstavljen koncept negotovosti, ki je v Keynesovi in postkeynesianski teoriji pomemben dejavnik makroekonomske dinamike, medtem ko novokeynesianska teorija tega koncepta ne upošteva. Avtorja poudarjata, da je v tranzicijskem ekonomskem okolju upoštevanje koncepta negotovosti še posebej relevantno, saj dodatna negotovost izhaja iz procesov institucionalne tranformacije, ostankov socialističnih praks in politične nestabilnosti. Za potrebe empirične analize je v članku zasnovan indeks negotovosti, ki je sestavljen iz elementov indeksov svobode organizacij Heritage Foundation in Freedom House. Panelna analiza podatkov za obdobje 1995-2002 potrjuje značilen vpliv negotovosti na gospodarsko rast tranzicijskih držav.
Keywords
negotovost;tranzicija;ekonomska rast;institucije;tuje investicije;investicije;neposredne tuje investicije;
Data
Language: |
Slovenian |
Year of publishing: |
2006 |
Typology: |
1.08 - Published Scientific Conference Contribution |
Organization: |
UM EPF - Faculty of Economics and Business |
Publisher: |
Društvo ekonomistov Maribor |
UDC: |
330.834 |
COBISS: |
8914716
|
ISSN: |
0547-3101 |
Views: |
489 |
Downloads: |
41 |
Average score: |
0 (0 votes) |
Metadata: |
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Other data
Secondary language: |
English |
Secondary title: |
Keynes' concept of uncertainty and its relevance for transition economies |
Secondary abstract: |
The paper presents the central role of uncertainty in Keynes' macroeconomic theory. While in Post-Keynesian economics Keynes' views on uncertainty have been further elaborated, in New Keynesian economics this issue has been constantly ignored. The authors emphasize the particular relevance of uncertainty for the analysis of the transitional economic environment, where additional uncertainty stems from sources such as institutional transformation, behavioural legacies of the socialist past, and political instabilities. For the purpose of empirical analysis, an index of uncertainty is constructed based on the elements of the Heritage Foundation and Freedom House indices. Panel data analysis, carried out for the period 1995-2002, shows a significant impact of uncertainty on the growth rates of transition economies. |
URN: |
URN:NBN:SI |
Type (COBISS): |
Not categorized |
Pages: |
Str. 37-46 |
Volume: |
52 |
ID: |
1741370 |