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No. 72                 Quarterly Publication of EACES           December 2014







 1.1 Message from the President


   1.2 EACES Event






    2.1 First World Congress of Comparative Economics


    2.2 1st Workshop on Youth Unemployment in Europe




    2.3 Third Annual Conference of IOS


    2.4 7th Joint IOS/APB/EACES Summer Academy on Central and Eastern Europe


    2.5  EACES-HSE Workshop


    2.6 Challenges of Europe:  Growth, Competitiveness and Inequalities







    3.1  EACES-HSE PhD Seminar on Comparative Economic Studies


    3.2  International Scholarly Conference


















1.1 Message from the President




Expert Image



Dear EACES members,


Seasonal Greetings to all.


These are complex and troubling times for students of comparative economic systems. Starting with our home base, the European economy continues to splutter and start, and stop, as unemployment and especially youth unemployment, inexorably rises across much of the continent. The longstanding question of a single currency has also been thrown into sharp relief as the last of the three Baltic countries joins the Euro, at a time when the political debate indicates that Greece may exit the single currency during the year if the opposition takes power. The deeper questions – raised by Hall and Soskice -- of the relative strengths of a coordinated institutional system, such as that pertaining in Germany, as against the decentralised and market oriented institutions of, for example, the United Kingdom, in stimulating innovation, entrepreneurship and economic growth, remain open and requiring further research.


We have also moved into uncharted territory for economic systems analysts with the recent sharp decline in oil prices, which some believe will be maintained for some time. It has been long felt that high and rising commodity prices have dampened demand in developed Western economies, so one might expect their fall to be unambiguously a positive event. However the world is ever more globalised and it is no longer as simple as that. First, several developed economies have themselves become major oil producers, as a consequence of the high oil prices. The most obvious example is the United States, as a result of widespread fracking, but even in countries like the UK, much of North Sea oil production is probably not viable with an oil price around $65 per barrel. Second, a significant proportion of the demand for the high quality and highly differentiated products of developed economies comes from the oil rich states of the Middle East and former Soviet Union.


Whatever the long run outcome for the European and world economies of a lower oil price, the impact has clearly been very serious for Russia and some of the other CIS economies. The Russian economy had been relying primarily on allowing the exchange rate to decline to counter the impact of sanctions, but a broader set of policy options will be required with a lower oil price because the Russian government budget is to a significant degree financed by taxing commodity sales. It seems very likely that Russia will now suffer quite a deep recession, with rising inflation also reducing living standards. As someone who has researched for many years the poor record of new firm creation and entrepreneurship in Russia, this outcome comes as no surprise; the Russian government may now be beginning to regret the long term policy of reliance on the energy sector, and the failure to diversify the economy or strengthen sufficiently other sectors, particularly in high technology. This is not a problem that will be easily resolved because issues are institutional and structural as well as of policy. Again there is a great need for research on how to diversify the economies of oil rich states; not only Russia but many economies of the Gulf and perhaps even Australia and Canada as well.


Finally, we ended the year with an intriguing and potentially very significant event; the rapprochement of the United States and Cuba. Cuba remains one of the last surviving socialist economies, though relatively less developed and highly decentralised. The disfiguring elements of the regime in terms of human rights and democracy should not disguise real achievements in terms of health and education. The Cuban economy has been in deep difficulties since the fall of the Soviet Union, if not before, and the blockade has largely prevented Cuba from engaging with the global economy. It will be fascinating to see how Cuba changes in the next few years as it becomes more fully engaged with the world economy, and perhaps also as the ruling clique moves over for new faces. We may obtain further insights into the issue of whether socialism is a viable economic system, or whether a third way between socialism and capitalism can emerge.


Let me conclude closer to home. Last year was a very fruitful one for your Association, and next year promises to be equally active and stimulating. Much of this Newsletter is filled with information about events, workshops and Conferences organised by our members. I will mention just one. For the first time, all the Associations of Comparative Economic Systems around the world, eight of them, are organising a World Congress. This is no small part a result of the efforts of our former President, Marcello Signorelli.  The Congress will be in Rome on June 25-27th. I strongly urge you to attend and to participate by presenting a paper. The deadline for submissions is February 15th 2015.


Wishing you all a happy and successful 2015.


Saul Estrin

London School of Economics




1.2 EACES Event


ETUI- EACES workshop, coinciding with EACES Executive meeting


Friday 6th February 2015, to be held at the ETUI, Brussels, Belgium (EU)



Executive Meeting: 10am - 12pm


Workshop: 1pm to 6.30pm



This will be soon posted on the EACES webpage as the following Call for papers:



ETUI--EACES workshop on

‘Comparative sources of competitiveness and growth’


We welcome all topics and viewpoints on measures of competitiveness and of the sources of international differences in competitive performance and institutional factors, broadly understood, including historical legacies, capital and labour market conditions.


If you have any current work that fits please send an abstract or a paper to Martin [] by 15th of January 2015.


We are looking forward to receiving your papers/abstracts!




2.1 First World Congress of Comparative Economics



and others scientific associations and networks




JUNE 25-27, 2015




Roma Tre University

Department of Economics

via S. D'Amico, 77

00145 ROME












Posted 5/12/2014

Call for Papers




Rome - June 25-27, 2015


The European Association for Comparative Economic Studies (EACES), The Association for Comparative Economic Studies (ACES), The Japanese Association for Comparative Economic Studies (JACES), The Korean Association for Comparative Economic Studies (KACES), The Italian Association for Comparative Economic Studies (AISSEC), The Society for the Study of Emerging Markets (SSEM), The Chinese Economists Society (CES), The European Association for Evolutionary Political Economy (EAEPE)  and other scientific associations and networks are issuing a call for papers for the panels they will be organizing for the first World Congress of Comparative Economics in Rome (Italy) on June 25-27, 2015.  


       We invite submissions of entire panels (3 or 4 abstracts/papers) or individual abstracts/papers. All submissions of abstracts and papers must be made through CONFERENCE MAKER at the web address:


Before submitting a paper or panel it is necessary to create a free Conference Maker account at:


-        Submissions of abstracts/papers are possible from October 1, 2014 to  February 15, 2015.

-        Acceptance/rejection decisions will be sent by March 10, 2015.


Registration and payment of the conference fees must use CONFERENCE MAKER at the web address:


-        early registration/payment (with reduced fees) before March 31 2015: 200 euro;


-        regular registration/payment from April 1 to May 31 2015: 250 euro;


-        young researchers (with financial difficulties), PhD students and graduate students (presenting a certificate from their Universities) can apply for reduced fee (50 euro) by contacting Pasquale Tridico and Marcello Signorelli (; by January 15, 2015


A panel of “Meet the Editors” will be organized by Ali M. Kutan on the topic “How to publish in top economics and business journals” targeted towards young Ph.Ds and doctoral students. Editors will also take questions from participants.


Papers presented in the World Congress can be submitted (for regular issues) or can be selected for special issues or symposia, with the usual referees’ assessments, in the following Journals: Journal of Comparative Economics, Economic Systems, European Journal of Comparative Economics, Comparative Economic Studies, China Economic Review, Emerging Markets Finance and Trade, Eastern European Economics, Journal of Institutional Economics, Japanese Journal of Comparative Economics, Journal of Comparative Economic Studies and other international journals.


A Conference website, containing updated information (including list of Hotels), is active at the address:


Local Organizing Committee:

Sebastiano Fadda, Marcello Signorelli and Pasquale Tridico


Scientific Committee (to be completed):

Marcello Signorelli, Josef C. Brada, Saul Estrin, Masaaki Kuboniwa, Ali M. Kutan, Jinlan Ni, Pasquale Tridico, Tomasz Mickiewicz,  Byung Yeon Kim, Elisabetta Croci Angelini, Haizheng Li,  Satoshi Mizobata, Si Joong Kim, Belton M. Fleisher, Francesco Farina, Janusz Brzeszczynski, Milica Uvalic, Wolfram Elsner, Ichiro Iwasaki, Hartmut Lehmann, Ikka Korhonen, Pauline Grosjean, Jens Hölscher, Yan Bai, Jie He, Magdolna Sass, Vittorio Valli, Jun Ma, Andrei Yakovlev, Michael Keren, Maria Lissowska, Ioanna Sapfo Pepelasis, Evzen Kocenda.


As for additional information, please contact Marcello Signorelli (EACES past-president and advisory board member) at the following e-mail address: 






2.2 1st Workshop on Youth Unemployment in Europe, 16-17th April, Frankfurt, 



2.3 Third Annual Conference of IOS, Regensburg, 2-4 July, 2015

2.4 7th Joint IOS/APB/EACES Summer Academy on Central and Eastern Europe,

       27-29 July, 2015





2.5 EACES-HSE Workshop, June 29-July 1, 2015, Moscow


Call for Papers

In cooperation with the European Association for Comparative Economic Studies (EACES), the International Center for the Study of Institutions and Development at the Higher School of Economics (ICSID) in Moscow is pleased to invite submissions to the following workshop:

Political Economy of Development: New Challenges and Perspectives

The workshop is going to be part of the 4th ICSID Conference 2015 in Moscow at the campus of the National Research University – Higher School of Economics in late June 2015. Contributions from the fields of political economy and political science are invited. Submissions that adopt research of recent processes and new challenges in political economy are especially welcome. We plan to invite Jan Svejnar (Columbia University) as a keynote speaker.

The International Center for the Study of Institutions and Development (ICSID, is one of the international laboratories created by the Higher School of Economics in 2011, and currently unites a team of researchers from Russia, USA and Europe.

Scholars at ICSID are currently implementing the research project “Incentives for Bureaucracy, Property Rights Protection and Public Goods Provision” which is the Center’s major project for 2014-2016. The main objectives of the project are to study the incentives for strengthening regional governance, improving the quality of formal and informal institutions, and developing research on public goods provision and property rights protection. We concentrate mostly on Russia, but compare it with other countries and have started to expand our research to China.

Workshop working language – English. The workshop will take place at the central HSE campus at Myasnitskaya st., 20, Moscow.



To participate in the workshop, paper abstracts of up to 200 words (or preliminary papers) are to be submitted, together with a short CV, to by February 20th. Authors will be informed about the selection by March 15th, and final versions of the papers should be submitted by April 15th.


The Selection Committee includes the following persons:


ICSID will provide you with an invitation necessary to apply for a visa at a Russian consulate of your choosing. Since invitation issue may take up to 4 weeks we will appreciate if you apply in advance. ICSID can also assist in finding accommodation in HSE Guest Houses or hotels during the visit. Please note that HSE Guest House room availability is not guaranteed, therefore early requests are appreciated. ICSID does not, however, cover travel or accommodation expenses.

2.6 Challenges of Europe:  Growth, Competitiveness and Inequalities




Call for Papers



On behalf of the Organising Committee, we are happy to invite you join us in beautiful Hvar and Split, Croatia, for the 11th International Conference on:





Date: 27 – 29 May 2015
Venue: Hvar/Split, Croatia

Key dates:
7th January 2015 - Abstract deadline (for Refereed papers)*
21st January 2015 - Notification of acceptance of abstracts (for Refereed papers)*
7th March 2015 - Full paper deadline (for Refereed papers)*
30th March 2015 - Extended abstracts deadline (Full paper) (for Work in progress and Young scientists' papers)

*The abstract is not a precondition for sending full papers.

For more information please visit
If you have any questions, please contact 

We look forward to your submission and welcome to a beautiful Hvar and Split in May next year!

Best regards,
Ivan Pavic

Chairperson of the Program Committee









EACES-HSE PhD Seminar on Comparative Economic Studies: Country and Regional Level

Moscow, Russia

7-10 April 2015I


International Scholarly Conference

Moscow, Russia

2-4 June 2015II



I. EACES-HSE PhD Seminar on Comparative Economic Studies: Country and

   Regional Level, Moscow, 7-10 April, 2015



Comparative Economic Studies: Country and Regional Level


The seminar is going to take place during the 16th April Conference on Economic and Social Development at the Higher School of Economics, held in Moscow from April 7 to April 10, 2015. Contributions from all fields of economics are invited, as long as they relate to the general topic of comparative economic studies. Submissions that adopt a comparative perspective and use regional or country level data are especially welcome. We are glad to announce that Marcello Signorelli, (Professor of University of Perugia in Italy, President of EACES in 2010-2012) and Jun Du (Reader at Aston Business School, UK) will be the distinguished keynote speakers.


The main objective of the seminar is to foster contacts and stimulate exchange between young scholars from Russia and other countries, as well as to introduce the Higher School of Economics to a new generation of highly qualified young researchers from around the world.


Six PhD students will be invited to give 20 minutes presentations and will then receive detailed   feedback from senior academics in the field. Travel expenses and accommodation will be provided for the selected students.

The final decision of the selection committee regarding the proposals submitted will be made by January 15th, 2015.

Full  papers of  7,000-9,000 words will  then  have  to  be  submitted  by March 15th, 2015.


The Selection Committee will consist of the following persons:

·         Andrei Yakovlev (Higher School of Economics)

·         Marcello Signorelli (University of Perugia)

·         Jun Du (Aston Business School)

·         Olga Demidova (Higher School of Economics)


The Higher School of Economics is the leading academic institution in Russia in the fields of   economics, management, sociology, business, informatics, public policy and political science. In October 2009, HSE received the status of National Research University (see key facts and figures at


The yearly April HSE International Academic Conference on Economic and   Social Development is the most important academic event in Russia in the field of economics and social   sciences, providing broad opportunities for researchers to discuss the economic and social trends in transitional and   developing economies (see details about the HSE April Conference at



II. International Scholarly Conference






2-4 June 2015, Moscow




International Center for the History and Sociology of World War II and Its Consequences National Research University – Higher School of Economics (Moscow) and Friedrich Ebert Foundation with additional support from Franco-Russian Research Center (Moscow) and Blavatnik Family Foundation


The Theme of the Conference

Nineteen forty-five was a time for beginnings and settling scores. For some, the arrival of the Red Army meant freedom from German rule and new opportunities under Soviet rule. Others feared a new occupation and the costs of their actions under the German regime. The aftermath of occupation and often-vengeful liberation had long-ranging consequences, creating new power dynamics and animosities that reverberate in the memory of the war seventy years later.


Historians have learned a great deal in the last decade about the war and its aftermath, and studies especially about the war on the Eastern front have greatly expanded our knowledge. However, the burgeoning literature on occupation and liberation remains fragmented, crying out for greater synthetic interpretation. “Europe, 1945: Occupation, Liberation, Retribution” is intended to bring together scholars working on path-breaking aspects of World War II in order to create such new syntheses and interpretations. The goal of this international conference is to foster cross-country and cross-regional comparisons while introducing new sources and perspectives on the shift from occupation liberation.


The title “Europe, 1945” is not intended to impose a narrow chronological perspective on the conference papers. Rather, “1945” serves as a metaphor for the moment of liberation and the advent of the postwar order. In some territories not far west of Moscow, the end of German occupation and re-Sovietization came as early as 1942; in other areas, such as western Ukraine, armed conflict continued after 1945. But all areas experienced a common shift from the wartime order to the post-war world, and analyzing this transition is the conference’s main objective. We are especially interested in how the triple combination of Stalinism, German occupation, and the re-establishment of Soviet rule affected one another, both through interaction and repudiation.


The conference hopes to attract papers related but not limited to the following topics:

- Commonalities and local differences in the experience of occupation

- The Red Army’s experience in Europe

- Local populations’ interaction with Soviet power

- Lived experience in the transition from occupation to liberation

- The intelligentsia under German and Soviet rule

- Collaboration under occupation and as political category after the war

- The Holocaust as a part of Soviet liberation

- The fate of prisoners and displaced peoples

- Cultural and social memory of occupation and liberation

- Entanglements among prewar, wartime, and postwar phenomena


The Center for the History of World War II invites paper proposals that address issues of occupation and liberation in Central and Eastern Europe, including territories of the Soviet Union. The conference organizers welcome papers that examine the political, social and cultural ramifications of occupation and liberation in the war. Papers can explore conference themes with an emphasis on the period 1939 to 1948. While the conference will give preference to papers that investigate areas where the Red Army was active, it will consider papers addressing other areas in Eastern and Central Europe.


The working languages of the conference will be Russian and English.


The organizers will assist international participants with obtaining visa invitations to Russia. Meals (coffee breaks, lunches) will be provided. The conference organizers have limited funds to cover (partially or in full) participants’ airfare and accommodation costs for the duration of the conference. We ask prospective participants who will need financial assistance to indicate this in their submissions.







Web page:




Economic Systems on ScienceDirect(Opens new window)

Vol. 38 (4), December 2014



Euro Conference 2013 Symposium; Guest Editors: Mehmet Balcilar and Ali M. Kutan




Euro Conference 2013 Symposium: International Conference on Business, Economics and Finance

Page 469, by Mehmet Balcilar, Ali M. Kutan


Influence of institutional investors' participation on flipping activity of Malaysian IPOs

Pages 470-486, by Norliza Che-Yahya, Ruzita Abdul-Rahim, Othman Yong


The influence of lock-up provisions on IPO initial returns: Evidence from an emerging market

Pages 487-501, by Rasidah Mohd Rashid, Ruzita Abdul-Rahim, Othman Yong


Financial constraints and corporate investments during the current financial and economic crisis: The credit crunch and investment decisions of Slovenian firms

Pages 502-517, by Matjaž Črnigoj, Miroslav Verbič


Factors of trade in Europe

Pages 518-535, by Jan Hanousek, Evžen Kočenda


Explaining the Czech interbank market risk premium

Pages 536-551, by Adam Geršl, Jitka Lešanovská


Stock market co-movements: Islamic versus conventional equity indices with multi-timescales analysis

Pages 553-571, by Ginanjar Dewandaru, Syed Aun R. Rizvi, Rumi Masih, Mansur Masih, Syed Othman Alhabshi


Determinants of credit to households: An approach using the life-cycle model

Pages 572-587, by Michał Rubaszek, Dobromił Serwa


Taxation and income shifting: Empirical evidence from a quasi-experiment in China

Pages 588-596, by Zhiyong An, Congyan Tan


Balance sheet effects and original sinners’ risk premiums

Pages 597-613, by Marina Tkalec, Maruška Vizek, Miroslav Verbič



Post Communist Economies

Web page:


Volume 26, Issue 4, 2014




Challenges of Russian economic policy: modernisation or acceleration? (perestroika or uskorenie)

Pages 437-458, by Vladimir Mau


Testing the ‘trilemma’ in post-transition Europe – a new empirical measure of capital mobility

Pages 459-476, by Tomislav Globan


Systemic competitiveness of post-socialist and capitalist economies: a broader look at the competitiveness debate

Pages 477-497, by Velibor Mačkić, Blanka Škrabić Perić & Petar Sorić


Could Russia become more innovative? Coordinating key actors of the innovation system

Pages 498-521, by Julien Vercueil


Social capital in Russian agricultural production co-operatives

Pages 522-536, by Svetlana Golovina, Sebastian Hess, Jerker Nilsson & Axel Wolz


Human capital and Russia's agricultural future

Pages 537-554, by Stephen K. Wegren


Price transmission along the food supply chain in Slovakia

Pages 555-568, by Jan Pokrivcak & Miroslava Rajcaniova




Comparative Economic Studies


Web page:

Volume 56, Issue 4, 2014



Top of page



Introduction: Pacific Rim Economic Conferences

Pages 491-492, by Josef C Brada


Impact and Implementation Challenges of the Basel Framework for Emerging, Developing and Small Economies

Pages 493-516, by Jan Frait and VladimÍr TomŠÍk


The Effect of Oil on Regional Growth in Russia and the United States: A Comparative Analysis

Pages 517-535, by Michael Alexeev and Andrey Chernyavskiy


Effects of Privatization on Exporting Decisions: Firm-level Evidence from Chinese State-owned Enterprises

Pages 536-555, by Yasuyuki Todo, Tomohiko Inui and Yuan Yuan





Introduction: Young People and the Labor Market: Key Determinants and New Evidence

Pages 556-566, by Josef C Brada, Enrico Marelli and Marcello Signorelli


Age- and Gender-Specific Unemployment in Scandinavian Countries: An Analysis based on Okun’s Law

Pages 567-580, by Oliver Hutengs and Georg Stadtmann


Youth Unemployment in Europe: Persistence and Macroeconomic Determinants

Pages 581-591, by Guglielmo Maria Caporale and Luis Gil-alana


The Rise of NEET and Youth Unemployment in EU Regions after the Crisis

Pages 592-615, by Giovanni S F Bruno, Enrico Marelli and Marcello Signorelli


Transitions In and Out of Unemployment among Young People in the Irish Recession

Pages 616-634, by Elish Kelly, Seamus McGuinness, Philip J O’connell, David Haugh and Alberto GonzÁlez Pandiella




Structural Public Balance Adjustment Effects on Growth in 25 OECD Countries and the Eurozone

Pages 635-656Rosaria Rita Canale, Giorgio Liotti and Oreste Napolitano


The Term Structure of Sovereign Default Risk in an Emerging Economy

Pages 657-675, by Jair N Ojeda-Joya and José E Gómez-González


The Yugoslav Firm versus a Wardian LMF, a Socialist Firm and a LMF in a Capitalist Market

Pages 676-695, by Michael Keren


Some Observations on the Convergence Experience of Turkey

Pages 696-719, by Murat Üngör






Web page:

Journal of Comparative Economics

         Volume 42, Issue 4, 2014


Special Issue: New Directions for Research on Transition Economies





Democratic institutions and regulatory reforms

Pages 839-854, by Mohammad Amin, Simeon Djankov


A history of resistance to privatization in Russia

Pages 855-873, by Paul Castañeda Dower, Andrei Markevich


Foreign direct investment and governance quality in Russia

Pages 874-891, by Olga Kuzmina, Natalya Volchkova, Tatiana Zueva


Initial endowments and economic reform in 27 post-socialist countries

Pages 892-906, by Ariel BenYishay, Pauline Grosjean


Episodes of unemployment reduction in rich, middle-income and transition economies

Pages 907-923, by Caroline Freund, Bob Rijkers


Understanding modes of civil case disposition: Evidence from Slovenian courts

Pages 924-939, by Valentina Dimitrova-Grajzl, Peter Grajzl, Katarina Zajc



The role of the state in resolving business disputes in China

Pages 940-953, by Julan Du, Yi Lu, Zhigang Tao


When does FDI have positive spillovers? Evidence from 17 transition market economies

Pages 954-969, by Yuriy Gorodnichenko, Jan Svejnar, Katherine Terrell


Ethnicity and the distribution of welfare: Evidence from southern Kyrgyzstan

Pages 970-982, by Damir Esenaliev, Susan Steiner


Bailing outsourcing

Pages 983-993, by Travis Ng


Measuring China’s trade liberalization: A generalized measure of trade restrictiveness index

Pages 994-1006, by Bo Chen, Hong Ma, Yuan Xu


Does health insurance matter? Evidence from China’s urban resident basic medical insurance

Pages 1007-1020, by Hong Liu, Zhong Zhao


Is economic rebalancing toward consumption “greener”? Evidence from visibility in China, 1984–2006

Pages 1021-1032, by Zhigang Li, Jia Yuan, Frank Song, Shangjin Wei


Disentangling liberalization and privatization policies: Is there a political trade-off?

Pages 1033-1051, by Filippo Belloc, Antonio Nicita, Simone M. Sepe


Institutional foundations of export diversification patterns in oil-producing countries

Pages 1052-1064, by Luc Désiré Omgba


Military in politics and budgetary allocations

Pages 1065-1078, by Vincenzo Bove, Roberto Nisticò


Monetary and fiscal policy interactions: Evidence from emerging European economies

Pages 1079-1091, by Emrah Ismail Cevik, Sel Dibooglu, Ali M. Kutan













Web page:

Volume 26, Issue 5, 2014


Top of page

Original Articles


Exploring the role of Western NGOs in creating and strengthening local NGOs in Albania

Pages 557-573, by Fahimul Quadir and Aida Orgocka


Social Capital, Remittances and Growth

Pages 574-596, by Karla Borja


Does Aid for Education Attract Foreign Investors? An Empirical Analysis for Latin America

Pages 597-613, by Julian Donaubauer, Dierk Herzer and Peter Nunnenkamp


EU Donor Policies in Situations of Fragility: Promoting ‘Resilience’?

Pages 614-628, by Jan Pospisil and Sophie Besancenot


Do International Remittances Matter to Tobacco Spending? Evidence from Vietnam

Pages 629-650, by Cuong Viet Nguyen and Anh Tran


Measuring Equitable MDG Progress

Pages 651-675, by Milo Vandemoortele, Luisa Natali and Matt Geddes


The EU and Donor Coordination on the Ground: Perspectives from Tanzania and Zambia OPEN

Pages 676-691, by Sarah Delputte and Jan Orbie


Water, Sanitation and Hygiene Interventions in the Pacific: Defining, Assessing and Improving ‘Sustainability’

Pages 692-706, by Matthew Clarke, Simon Feeny and John Donnelly


Gender Differentials in Inequality of Educational Opportunities: New Evidence from an Indian Youth Study

Pages 707-724, by Ashish Singh, Abhishek Singh, Saseendran Pallikadavath and Faujdar Ram


Are Women Less Efficient In Converting Microcredit Into Functioning? Evidence from Bangladesh

Pages 725-742, by Tamgid Ahmed Chowdhury and Pundarik Mukhopadhaya


Between Control and Cooperation: Multi-Stakeholder Service Provision and the Legitimacy of State Institutions in Ethiopia’s Amhara National Regional State

Pages 743-760, by Nora Stel and Fenta Mandefro Abate


Economic and Health Determinants of Child Nutritional Status in the Malawian District of Salima

Pages 761-782, by Maria Sassi


Can Legal Pluralism Advance Human Rights? How International Development Actors Can Contribute

Pages 783-797, by Giselle Corradi


Access to Finance: An Empirical Analysis

Pages 798-814, by Rashmi Umesh Arora


Information Sources, ICTs and Price Information in Rural Agricultural Markets

Pages 815-831, by Giacomo Zanello and Chittur S Srinivasan


How do Multilateral Institutions Influence Individual Perceptions of International Affairs? Evidence from Europe and Asia

Pages 832-852, by Ayse Kaya and James T Walker


Assessing the Drivers of R&D Activities of Firms in Developing Countries: Evidence from Turkey

Pages 853-869, by Elif Kalaycı and Teoman Pamukçu


Evaluating the Impact of Training in Self-Help Groups in India

Pages 870-885, by Ranjula Bali Swain and Adel Varghese


How Should Donors Give Foreign Aid? A Theoretical Comparison of Aid Modalities

Pages 886-904, by Izabela Jelovac and Frieda Vandeninden


Sightings of the State, Reflections of Self as Citizen: Self-Becoming in Development Encounters

Pages 905-921, by Tanya Jakimow


Top of page

Book review


Climate-Resilient Development – Participatory Solutions from Developing Countries

Pages 922-924, by Marcus Kaplan


A World You Do Not Know

Pages 924-926, by Jessica Ordoñez Cuenca


Global Governance and NGO Participation: Shaping the Information Society in the United Nations (Rethinking Globalizations Series)

Pages 926-928, by Monir Hossain Moni


The Political Economy of Disaster: Destitution, Plunder and Earthquake in Haiti

Pages 929-930, by Ermina Martini


Food Security and Socio-political Stability

Pages 931-933, by Leila Demarest


The Price of Rights: Regulating International Labor Migration

Pages 933-935, by Meghan Benton


Evaluation Methodologies for Aid in Conflict

Pages 935-937, by Ines Afonso Roque Ferreira


Ideas, Interests and Foreign Aid

Pages 937-939, by Damiano de Felice








Managing Board


Expert Image

         Saul Estrin



Department of Management


Houghton St

             London WC2A 2AE

Tel: +44-20 7955 6605



Magdolna Sass



Institute for Economics of the Hungarian Academy of Sciences

1112 Budaörsiút. 45

Phone: (+36-1) 309-2652
Fax: (+36-1) 319-3136



Randolph Bruno



School of Arts & Social Sciences

University College London

16 Taviton Street



Tel: +44(0)20 7679 8757



Jens Hölscher



Head of Department

Accounting, Finance & Economics

The Business School, Bournemouth University

Executive Business Centre

89 Holdenhurst Road, Bournemouth BH8 8EB, UK










Other Members of the Executive Committee

(Alphabetical order by family name)

Roman Horvath

EC Member


Institute of Economic Studies

Charles University, Prague

Ovocný trh 3-5, 116 36 Praha 1

Czech Republic

Tel: +420- 222 112 317     

Fax: (+49) 3731/39 27 33




EC Member



University of Regensburg and IOS Regensburg,


Tele: +49-941 943 2697

Fax:+49-941 943-4941



Satoshi Mizobata

EC Member


Institute of Economic Research,

Kyoto University

Yoshidahon-machi, Sakyo-ku, Kyoto,

Japan 6068501

Tel: +81-75-753-7144



Martin Myant

EC Member


European Trade Union Institute

Bd du Roi Albert II, 5

1210 Brussels

Website:  Myant


Jan Svejnar

EC Member

School of International and Public Affairs

Columbia University

420 W. 118th Street

New York, NY 10027




Milica Uvalic

EC Member

Department of Economics, Finance and Statistics

Via Pascoli 20

University of Perugia, 06123 Perugia, Italy

Tel: +39-075-5855292, 5855279

Fax: +39-075-5855299




EC Member

University of Tartu

Institute of Economics

Narva 4, 51009 Tartu


Tel: +372-737-6361   Fax: +372-737-6327



Ivan Vujacic

EC Member

Department of Economics and Statistics

University of Beograd

Kamenicka 6, Belgrade 11000, Serbia

Tel: +381-11-3021094

E-mail: Website:

Andrei Yakovlev

EC Member

University - Higher School of Economics

Institute for Industrial and Market Studies

Slavyanskayapl 4, bldg 2,

Moscow 109074, Russia    

Tel.: +7-495-6288649

E-mail ayakovlev@hse.ruand



Members of the Advisory Board 





Wladimir Andreff

University of Paris 1-Centre d'Economie de la Sorbonne

Will Bartlett

London School of Economics and Political Science

Laszlo Csaba

Central European University, Budapest

Bruno Dallago

Università di Trento, Department of Economics

Daniel Daianu

The Academy of Economic Studies, Bucharest

Jens Hölscher

Bournemouth University, England

Mario Nuti

London Business School

Marcello Signorelli

Department of Economics, University of Perugia

Milica Uvalic

Department of Economics, University of Perugia

Vittorio Valli

Università di Torino, Dept. Economia

Hans-Jürgen Wagener

Europa Universitaet Viadrina, Frankfurt/Oder

Tomasz  Mickiewicz

Aston University


Honorary Members:


Ronald Dore

Gregory Grossman

Michael Kaser

János Kornai

Marie Lavigne

Angus Maddison0301

Domenico Mario Nuti


Ex – Officio Member

Michael Keren

Hebrew University

Department of Economics

Naphtali Bldg. Scopus Campus, 91905 Jerusalem (Israel)

Tel: +972-26528521; Fax: 972-2-5816071



This 72nd issue of EACES quarterly newsletter is reminding the Call for Papers to the First World Congress of Comparative Economics. This historic event will be the outcome of the collaboration among The European Association for Comparative Economic Studies (EACES), The Association for Comparative Economic Studies (ACES), The Japanese Association for Comparative Economic Studies (JACES), The Korean Association for Comparative Economic Studies (KACES), The Italian Association for Comparative Economic Studies (AISSEC), The Society for the Study of Emerging Markets (SSEM), The Chinese Economists Society (CES), The European Association for Evolutionary Political Economy (EAEPE)  and many other scientific associations and networks. This world congress on comparative economics will be held in 25-27 June, 2015, to be locally organised by the Department of Economics of Roma Tre University at Rome, Italy. Presidential message also highlights the novelty of this forthcoming event.


The president has given the glimpse of the potential impacts in the global economy due to the recent plunge in the oil price in the global market. Most significant changes might occur in countries of the Middle-East, Russia and to some extent in Canada, USA, Australia and countries in the region of North Sea. Another major landmark in the political economy, although not well covered in the studies on comparative economics so far, issues in Cuban economy might appear in the years ahead following the reconciliation between USA and Cuba as reflected by the meetings of the presidents of the two countries.  


Section 2 of this newsletter presents the call for papers. Five major events are envisaged in this regard so far: First World Congress of Comparative Economics as mentioned earlier; Workshop on Youth Unemployment in Europe, 16-17th April, to be held in Frankfurt; Third Annual Conference of IOS, Regensburg, 2-4 July, 2015 which will focus on Migration in and out of East and South-East Europe: Values, Networks and Well-being; 7th Joint IOS/APB/EACES Summer Academy on Central and Eastern Europe during 27-29 July, 2015; and EACES-HSE Workshop, June 29 - July 1, 2015, being organised in Moscow. Prospective presenters are expected to refer this section of the newsletter and follow the deadline for the abstract/paper submission.


Reminders of the forthcoming conference and seminars are the subject matters of Section 3. EACES-HSE PhD Seminar on Comparative Economic Studies: Country and Regional Level will be held in Moscow, Russia during 7-10 April 2015. Furthermore, Moscow will also organise International Scholarly Conference during 2-4 June 2015.

Why did the effects of the financial crises vary so strongly between countries?


Section 4 presents the list of scientific articles appeared in the current issues of Economic Systems, Post-Communist Economies, Comparative Economic Studies, Journal of Comparative Economics, and European Journal of Development Research. Managing editors will continue forwarding me information regarding the publication of new issues of the journals.    


We would like to extend the best wishes for the very productive New Year 2015. This will bring wonderful scientific achievements of the members of our association in the days ahead.


The editor welcomes any comment/suggestion for the improvement of the newsletter. The submissions of the contents to include in the newsletter are requested to deliver in the form of hard copy or (preferably) electronic copy as a Microsoft Word file to:


Sanjaya Acharya

Pole tekstowe: EJCE (The European Journal of Comparative Economics) E-Journal and 
ECONOMIC SYSTEMS (A Quarterly Journal published by the Osteuropa-InstitutMünchen/Elsevier in collaboration with EACES) are the journals associated with EACES.
For details, please follow the link:

December 2014