This paper is concentrated on analyzing the CEE (Central and Eastern European) countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that ...This paper is concentrated on analyzing the CEE (Central and Eastern European) countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that time and the aim of this paper is to understand which of these countries have the greatest potential for housing market recovery. The study has conducted comparable analysis of these countries and their real estate and lending market. The data was collected from central banks, national statistic offices and real estate companies. The results suggest that countries with higher housing debt had stronger real estate booms and the current bust-cycle has caused much steeper decline in prices. This paper attempts to look at the CEE housing markets from the developer's or investor's point of view and may be useful for banks and other financial institutions which are related to housing market and lending.展开更多
The European Union(EU) and Organisation for Economic Co-operation and Development(OECD) aim to develop long-term policies for their respective member countries. Having observed increasing dangers to the environment po...The European Union(EU) and Organisation for Economic Co-operation and Development(OECD) aim to develop long-term policies for their respective member countries. Having observed increasing dangers to the environment posed by rising economic growth, they are seeking pathways to enable policy action on economic growth and environmental sustainability. Given the facts in theoretical and empirical studies, this study assessed the validity of the decoupling hypothesis by investigating asymmetricity in the relationship between environmental sustainability and economic growth in nine Eastern European countries from 1998 to 2017 using the cross-section augmented Dickey-Fuller(CADF) unit root, panel corrected standard error(PCSE), common correlated effect mean group(CCEMG), and Dumitrescu Hurlin causality approaches. Both population growth and drinking water are used as controlled variables. The outcomes establish strong cointegration among all the variables of interest. According to the results of CCEMG test, economic growth exerts short-term environmental degradation but has long-term environmental benefits in Eastern Europe;and population growth and drinking water exert a positive effect on environmental sustainability in both the short-and long-run. The results of Dumitrescu Hurlin causality test indicate that environmental sustainability is unidirectionally affected by economic growth. Based on these outcomes, we suggest the following policies:(1) the EU and OECD should implement member-targeted policies on economic growth and fossil-fuel use towards regulating industrial pollution, water use, and population control;and(2) the EU and OECD member countries should invest in environmental technologies through green research and development(R&D) to transform their dirty industrial processes and ensure productive energy use.展开更多
What is the border between Central and Eastern Europe?This is an unanswered question in the literature of contemporary European history and politics.In the modern state system,imaginary boundaries are products of the ...What is the border between Central and Eastern Europe?This is an unanswered question in the literature of contemporary European history and politics.In the modern state system,imaginary boundaries are products of the imagined communities,and these boundaries also cause either to occidentalize or to orientalize the lands due to its top-down/elitist imagination procedure.During the Cold War years,anti-USSR voices are important to see the certain demand for Europeanization among people in today’s Central Europe where there especially had the communist legacy.In general,the ultimate goal is to identify themselves as more western among Central and Eastern European states for the sake of civilizational values of the Enlightenment and to reach today’s contested Neoliberal welfare.This desire causes Nesting Orientalisms,Milica Bakic-Hayden’s concept.Nesting Orientalisms are about re-constructing new Orient in the same region to hierarchizeitself as occidental.Through the process of mapping its location and construction of occidental identity,Hungary defines itself as a part of Central Europe.But what are the legitimated reasons of Hungary to define itself as Central European instead of Eastern Europe?Do these reasons perfectly fit in today’s Central European formulation and stereotype?What are the possible reasons to reject Hungary’s Central European self-definition?Moreover,under the shadow of the discussion on Central Europe vs.Eastern Europe,to what extent does the rise of authoritarianism block ongoing occidentalisation process of Hungary?In this research,I will answer these questions by analyzing modern political history of Hungary by the method of interpretivist process tracing.展开更多
Here I discuss Central and Eastern European(CEE)countries as a region undergoing rapid change,resulting from the collapse of the Soviet Union and admission of some of the states into the European Union.These events br...Here I discuss Central and Eastern European(CEE)countries as a region undergoing rapid change,resulting from the collapse of the Soviet Union and admission of some of the states into the European Union.These events brought changes in governance and ecosystem management,triggering impacts on land use and biodiversity.What are some of the policy options toward sustainability in the face of these political,governance,and socioeconomic changes?Some policy considerations for ecosystem management and sustainability include taking a social-ecological systems approach to integrate biophysical subsystems and social subsystems;paying attention to institutions relevant to shared resources(commons)management;and using resilience theory to study change and guidance for governance.Documented experience in CEE seems to indicate shortcomings for both the centralized state management option and the purely market-driven option for ecosystem management.If so,a“smart mix”of state regulations,market incentives,and self-governance using local commons institutions may be the most promising policy option to foster ecosystem stewardship at multiple levels from local to international.展开更多
BACKGROUND Epidemiologic studies have revealed a decrease in the prevalence of Helicobacter pylori(H.pylori)infection in Western Europe.AIM To obtain data regarding the prevalence of H.pylori in Csongrád and B...BACKGROUND Epidemiologic studies have revealed a decrease in the prevalence of Helicobacter pylori(H.pylori)infection in Western Europe.AIM To obtain data regarding the prevalence of H.pylori in Csongrád and Békés Counties in Hungary,evaluate the differences in its prevalence between urban and rural areas,and establish factors associated with positive seroprevalence.METHODS One-thousand and one healthy blood donors[male/female:501/500,mean age:40(19–65)years]were enrolled in this study.Subjects were tested for H.pylori IgG antibody positivity via enzyme-linked immunosorbent assay.Subgroup analysis by age,gender,smoking habits,alcohol consumption,and urban vs nonurban residence was also performed.RESULTS The overall seropositivity of H.pylori was 32%.It was higher in males(34.93%vs 29.2%,P=0.0521)and in rural areas(36.2%vs 27.94%,P=0.0051).Agricultural/industrial workers were more likely to be positive for infection than office workers(38.35%vs 30.11%,P=0.0095)and rural subjects in Békés County than those in Csongrád County(43.36%vs 33.33%,P=0.0015).CONCLUSION Although the prevalence of H.pylori infection decreased in recent decades in Southeast Hungary,it remains high in middle-aged rural populations.Generally accepted risk factors for H.pylori positivity appeared to be valid for the studied population.展开更多
Recent liberal political science analysis has highlighted media, manipu- lation, and populist political trickery in the apparently sudden rise of the new Right in Europe and the USA. I suggest that a robust engagement...Recent liberal political science analysis has highlighted media, manipu- lation, and populist political trickery in the apparently sudden rise of the new Right in Europe and the USA. I suggest that a robust engagement with the actual social transformations over which liberalism has presided since 1989 is imperative. Anthropological work on class processes and the rise of neo-nationalist populism in Central and Eastern Europe has been strong in developing a more relational, pro- cessual, and embedded vision. In the current paper, I am looking at the phases and spaces of the rise of iUiberalism as a popular political sensibility in Central and Eastern Europe. In particular, I am interested in its gradual upscaling to the level of the nation state and, through the "Visegrad bloc" to the EU. I argue that both the emergence and step-by-step upscaling of illiberal political sensibilities are explained by class relational processes and the regionally uneven Polanyi-type "counter- movements" against liberalizations that they brought forth.展开更多
Using negative to low-correlated assets to manage short-term portfolio risk is not uncommon among investors,although the long-term benefits of this strategy remain unclear.This study examines the long-term benefits of...Using negative to low-correlated assets to manage short-term portfolio risk is not uncommon among investors,although the long-term benefits of this strategy remain unclear.This study examines the long-term benefits of the correlation strategy for portfolios based on the stock market in Asia,Central and Eastern Europe,the Middle East and North Africa,and Latin America from 2000 to 2016.Our strategy is as follows.We develop five portfolios based on the average unconditional correlation between domestic and foreign assets from 2000 to 2016.This yields five regional portfolios based on low to high correlations.In the presence of selected economic and financial conditions,long-term diversification gains for each regional portfolio are evaluated using a panel cointegration-based testing method.Consistent across all portfolios and regions,our key cointegration results suggest that selecting a low-correlated portfolio to maximize diversification gains does not necessarily result in long-term diversification gains.Our empirical method,which also permits the estimation of cointegrating regressions,provides the opportunity to evaluate the impact of oil prices,U.S.stock market fluctuations,and investor sentiments on regional portfolios,as well as to hedge against these fluctuations.Finally,we extend our data to cover the years 2017–2022 and find that our main findings are robust.展开更多
文摘This paper is concentrated on analyzing the CEE (Central and Eastern European) countries housing and lending market development in 2002-2009. These countries experienced real estate boom and bust phases during that time and the aim of this paper is to understand which of these countries have the greatest potential for housing market recovery. The study has conducted comparable analysis of these countries and their real estate and lending market. The data was collected from central banks, national statistic offices and real estate companies. The results suggest that countries with higher housing debt had stronger real estate booms and the current bust-cycle has caused much steeper decline in prices. This paper attempts to look at the CEE housing markets from the developer's or investor's point of view and may be useful for banks and other financial institutions which are related to housing market and lending.
文摘The European Union(EU) and Organisation for Economic Co-operation and Development(OECD) aim to develop long-term policies for their respective member countries. Having observed increasing dangers to the environment posed by rising economic growth, they are seeking pathways to enable policy action on economic growth and environmental sustainability. Given the facts in theoretical and empirical studies, this study assessed the validity of the decoupling hypothesis by investigating asymmetricity in the relationship between environmental sustainability and economic growth in nine Eastern European countries from 1998 to 2017 using the cross-section augmented Dickey-Fuller(CADF) unit root, panel corrected standard error(PCSE), common correlated effect mean group(CCEMG), and Dumitrescu Hurlin causality approaches. Both population growth and drinking water are used as controlled variables. The outcomes establish strong cointegration among all the variables of interest. According to the results of CCEMG test, economic growth exerts short-term environmental degradation but has long-term environmental benefits in Eastern Europe;and population growth and drinking water exert a positive effect on environmental sustainability in both the short-and long-run. The results of Dumitrescu Hurlin causality test indicate that environmental sustainability is unidirectionally affected by economic growth. Based on these outcomes, we suggest the following policies:(1) the EU and OECD should implement member-targeted policies on economic growth and fossil-fuel use towards regulating industrial pollution, water use, and population control;and(2) the EU and OECD member countries should invest in environmental technologies through green research and development(R&D) to transform their dirty industrial processes and ensure productive energy use.
文摘What is the border between Central and Eastern Europe?This is an unanswered question in the literature of contemporary European history and politics.In the modern state system,imaginary boundaries are products of the imagined communities,and these boundaries also cause either to occidentalize or to orientalize the lands due to its top-down/elitist imagination procedure.During the Cold War years,anti-USSR voices are important to see the certain demand for Europeanization among people in today’s Central Europe where there especially had the communist legacy.In general,the ultimate goal is to identify themselves as more western among Central and Eastern European states for the sake of civilizational values of the Enlightenment and to reach today’s contested Neoliberal welfare.This desire causes Nesting Orientalisms,Milica Bakic-Hayden’s concept.Nesting Orientalisms are about re-constructing new Orient in the same region to hierarchizeitself as occidental.Through the process of mapping its location and construction of occidental identity,Hungary defines itself as a part of Central Europe.But what are the legitimated reasons of Hungary to define itself as Central European instead of Eastern Europe?Do these reasons perfectly fit in today’s Central European formulation and stereotype?What are the possible reasons to reject Hungary’s Central European self-definition?Moreover,under the shadow of the discussion on Central Europe vs.Eastern Europe,to what extent does the rise of authoritarianism block ongoing occidentalisation process of Hungary?In this research,I will answer these questions by analyzing modern political history of Hungary by the method of interpretivist process tracing.
文摘Here I discuss Central and Eastern European(CEE)countries as a region undergoing rapid change,resulting from the collapse of the Soviet Union and admission of some of the states into the European Union.These events brought changes in governance and ecosystem management,triggering impacts on land use and biodiversity.What are some of the policy options toward sustainability in the face of these political,governance,and socioeconomic changes?Some policy considerations for ecosystem management and sustainability include taking a social-ecological systems approach to integrate biophysical subsystems and social subsystems;paying attention to institutions relevant to shared resources(commons)management;and using resilience theory to study change and guidance for governance.Documented experience in CEE seems to indicate shortcomings for both the centralized state management option and the purely market-driven option for ecosystem management.If so,a“smart mix”of state regulations,market incentives,and self-governance using local commons institutions may be the most promising policy option to foster ecosystem stewardship at multiple levels from local to international.
文摘BACKGROUND Epidemiologic studies have revealed a decrease in the prevalence of Helicobacter pylori(H.pylori)infection in Western Europe.AIM To obtain data regarding the prevalence of H.pylori in Csongrád and Békés Counties in Hungary,evaluate the differences in its prevalence between urban and rural areas,and establish factors associated with positive seroprevalence.METHODS One-thousand and one healthy blood donors[male/female:501/500,mean age:40(19–65)years]were enrolled in this study.Subjects were tested for H.pylori IgG antibody positivity via enzyme-linked immunosorbent assay.Subgroup analysis by age,gender,smoking habits,alcohol consumption,and urban vs nonurban residence was also performed.RESULTS The overall seropositivity of H.pylori was 32%.It was higher in males(34.93%vs 29.2%,P=0.0521)and in rural areas(36.2%vs 27.94%,P=0.0051).Agricultural/industrial workers were more likely to be positive for infection than office workers(38.35%vs 30.11%,P=0.0095)and rural subjects in Békés County than those in Csongrád County(43.36%vs 33.33%,P=0.0015).CONCLUSION Although the prevalence of H.pylori infection decreased in recent decades in Southeast Hungary,it remains high in middle-aged rural populations.Generally accepted risk factors for H.pylori positivity appeared to be valid for the studied population.
文摘Recent liberal political science analysis has highlighted media, manipu- lation, and populist political trickery in the apparently sudden rise of the new Right in Europe and the USA. I suggest that a robust engagement with the actual social transformations over which liberalism has presided since 1989 is imperative. Anthropological work on class processes and the rise of neo-nationalist populism in Central and Eastern Europe has been strong in developing a more relational, pro- cessual, and embedded vision. In the current paper, I am looking at the phases and spaces of the rise of iUiberalism as a popular political sensibility in Central and Eastern Europe. In particular, I am interested in its gradual upscaling to the level of the nation state and, through the "Visegrad bloc" to the EU. I argue that both the emergence and step-by-step upscaling of illiberal political sensibilities are explained by class relational processes and the regionally uneven Polanyi-type "counter- movements" against liberalizations that they brought forth.
基金supported by the National Natural Science Foundation of China(No.72104075,71850012,72274056)the National Office for Philosophy and Social Sciences Fund of China(No.19AZD014),Natural Science Foundation Project of Hunan Province(No.2022JJ40106)the Hunan University Youth Talent Program.
文摘Using negative to low-correlated assets to manage short-term portfolio risk is not uncommon among investors,although the long-term benefits of this strategy remain unclear.This study examines the long-term benefits of the correlation strategy for portfolios based on the stock market in Asia,Central and Eastern Europe,the Middle East and North Africa,and Latin America from 2000 to 2016.Our strategy is as follows.We develop five portfolios based on the average unconditional correlation between domestic and foreign assets from 2000 to 2016.This yields five regional portfolios based on low to high correlations.In the presence of selected economic and financial conditions,long-term diversification gains for each regional portfolio are evaluated using a panel cointegration-based testing method.Consistent across all portfolios and regions,our key cointegration results suggest that selecting a low-correlated portfolio to maximize diversification gains does not necessarily result in long-term diversification gains.Our empirical method,which also permits the estimation of cointegrating regressions,provides the opportunity to evaluate the impact of oil prices,U.S.stock market fluctuations,and investor sentiments on regional portfolios,as well as to hedge against these fluctuations.Finally,we extend our data to cover the years 2017–2022 and find that our main findings are robust.