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Mariusz Próchniak

1 Introduction The study analyzes the institutional architecture and the effects of product market competition in 11 countries of Central and Eastern Europe (CEE), which are new members of the European Union (EU). In existing analyses on models of capitalism, countries are characterized by numerous variables covering a variety of political, social, and economic aspects. Based on these results, countries are classified into a number of categories that share common features and may be treated as one model of capitalism. There are different classifications in

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Piotr Maszczyk

the Mediterranean model of capitalism represented by Spain. However, the variety of results for the individual variables is also a proof that the model of capitalism prevailing in Central and Eastern Europe in the area of product market competition may be called a patchwork capitalism. The final article of this issue, “The strength and weaknesses of the VoC approach. The case of Central and Eastern Europe” is by Krzysztof Jasiecki. The aim of this paper is to characterize selected theoretical and methodological advantages, controversies and limitations of the

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Steven Henry Dunga

. Dollar, D.,and Kraay, A. (2000). Growth is good for the poor. Washington, DC: World Bank Dubihlela, J., Dubihlela, D. (2014). Social Grants impact on poverty among the Female-Headed Households in South Africa: A case analysis. Mediterranean Journal of Social Sciences, 5(8), 160. Gove, W. R. (1973). Sex, marital status, and mortality. American Journal of Socialogy, 79, 45-67. Grobler, W. C. J., Dunga, S. H. (2014). An Analysis of the Perceptions of Causes of Poverty among Grant Receiving and Non-Grant Receiving Households

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Yu Hsing

, A. (2015). Monetary policy objectives during the crisis: An overview of selected Southeast European Countries. Journal of Central Banking Theory and Practice, 4(1), 35-46. 10. Kumar, M. S. and J. Woo (2015). Public debt and growth. Economica. Volume 82, Issue 328, pp. 705-739. 11. Miletić, S. (2015). Modeling exchange rate volatility in CEEC countries: Impact of global financial and European sovereign debt crisis. Megatrend revija, 12(1), 105-122. 12. Petrović, P. and M. Gligorić (2010). Exchange rate and trade balance: J-curve effect

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Alin Marius Andrieş and Simona Mutu

, A. (2015). Monetary policy objectives during the crisis: An overview of selected Southeast European Countries. Journal of Central Banking Theory and Practice, 4(1), 35-46. 10. Kumar, M. S. and J. Woo (2015). Public debt and growth. Economica. Volume 82, Issue 328, pp. 705-739. 11. Miletić, S. (2015). Modeling exchange rate volatility in CEEC countries: Impact of global financial and European sovereign debt crisis. Megatrend revija, 12(1), 105-122. 12. Petrović, P. and M. Gligorić (2010). Exchange rate and trade balance: J-curve effect

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Beáta Farkas

mutual dependency between the capital exporter Western European and the capital importer CEE countries. The conflicts over migration between Western and Eastern EU member states since 2015 and the relation between Germany and the Visegrád countries in the Central European manufacturing core can also be interpreted in the framework of asymmetric interdependency. The examples of the Mediterranean model and dependent market economy show that it is a very difficult task to find the appropriate level of abstraction. The simplicity, the parsimony of a model, is very

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Rezwanul Hasan Rana and Rubayyat Hashmi

, Centre for Economic Policy Research Working Paper 148. Lin, H. H., (2011), Determinants of remittances: evidence from Tonga, IMF working paper; 11/18IMF working paper; 11/18 Asia and Pacific Department, January. Miotti, L., Mouhoub, E. M. , Oudinet, J., (2010), Determinants and Uses of Remittances to Southern and Eastern Mediterranean Countries: Insights form a New Survey, Developing Working Papers 288, Centro luca d/ Agliano, University of Milano. Nishat, M., Bilgrami, N., (1993), The Determinants of Worker’s Remittances

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Krzysztof Falkowski

References Ahrend, R. (2005), Can Russia break the “resource curse”?, Eurasian Geography and Economics, Vol. 46, No. 8, pp. 584-609. Alzhanova, N. (2013), Macroeconomic stability as a factor of competitiveness: case of Kazakhstan, World Applied Sciences Journal, Vol. 26, No. 5, pp. 692-696. Amirbekova, A., Madiyarova, D. (2015), Assessment of the competitiveness of Kazakhstan’s exports, Mediterranean Journal of Social Sciences, Vol. 6, No. 6, pp. 443-447. Aslund, A. (2005), Russian resources

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Claudiu Tiberiu Albulescu and Nicolae Bogdan Ianc

Activity , 1, 135-174. 8. Boivin J. and M. Giannoni [2006], “Has Monetary Policy Become More Effective?”, Review of Economics and Statistics, 88, 445-462. 9. Buch C.M., Doepke J. and C. Pierdzioch [2005], “Financial Openness and Business Cycle Volatility”, Journal of International Money and Finance , 24, 744-765. 10. Chenaf-Nicet D. and E. Rougier [2016], “The effect of macroeconomic instability on FDI flows: A gravity estimation of the impact of regional integration in the case of Euro-Mediterranean agreements”, International Economics , 145, 66