Eastern Journal of European Studies

2010 - 2025

From Centre for European Studies, Alexandru Ioan Cuza University
Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 11(1), month June, 2020

Space justice, demographic resilience and sustainability. Revelations of the evolution of the population hierarchy of the regions of Romania from 1948 to 2011 pp. 27-44

Tomaz Dentinho and Cristina Serbanica

Globalization and socio-economic development in post-transition European Union countries: panel causality and regression analyses Abstract: The consequences of globalization on economic growth and development have largely been debated both by scholars and policy makers. However, literature lacks a multidimensional analysis of the relationship between of all forms of globalization and the development of a country. Therefore, the purpose of the present paper is to investigate the impact of various globalization types on socio-economic development in eleven European Union (EU) states that faced the transition from a centralized to a market economy, during the period 1993-2016, with the help of Dumitrescu and Hurlin (2012) causality test, Beck and Katz (1995) PCSE estimator and pooled OLS regression, considering the results of pre-tests. The empirical research revealed that economic, political and cultural globalization positively influences the socioeconomic development of all the analysed states. These findings may offer valuable information for the policy makers of the eleven economies which could enhance the development in a globalized era pp. 45-61

Laura DIACONU (maxim) and Yilmaz Bayar

Conditional dependence between oil prices and CEE stock markets: a copula-GARCH approach Abstract: This study investigates both the constant and time-varying conditional dependency between crude oil and stock markets for the CEE countries (Hungary, Poland, Czech Republic, Romania, and Croatia) by using the conditional copula-GARCH model with both constant and time-varying dependence parameters in the field of energy economics. Through different copula functions, the proposed models allow specifying the joint distribution of the crude oil and CEE stock returns with full flexibility. First, from the copula models, we find that all series show fat-tail, leverage effects, and volatilities tend to cluster. Second, in both constant and timevarying copula models, we find that conditional dependence is similar for most countries, which means that a significant conditional dependence exists in all oilstock price pairs. Our findings have important implications for both policymakers and investors by contributing to a better understanding of oil-stock relationships. A significant interdependence between crue oil price and stock markets suggests that enterprises and governments in CEE regions should pay attention to the stock market performance when the oil price fluctuates pp. 62-86

Ngo Thai Hung

RETRACTED ARTICLE: The triple (T3) dimension of systemic risk: identifying systemically important banks in Eurozone Abstract: Editor’s Note - This paper has been retracted from our journal due to bogus claims of authorship. The editors' decision is based on the evidences provided by the editorial board of the International Journal of Finance and Economics. The Statement of Retraction, together with the full text of the retracted paper, can be accessed here http://ejes.uaic.ro/articles/EJES2020_1101_DER.pdf pp. 87-122

Abdelkader Derbali and Ali Lamouchi

A simple model of developing countries: financing the current account deficit Abstract: A stock flow consistent model provides a monetary and financial framework to macroeconomics. It clearly shows the sources of financing for investments and also answers the following questions: Where does the finance for investment come from? and How are budget and current account deficits financed? This paper presents a simple stock flow consistent model for the developing countries with current account deficits. Most of these countries seem to cover the current account deficit by public borrowing and private sector borrowing. For this purpose, the motivation of this paper is based on the state of these countries and the modelling of their position pp. 123-145

Özgür Bayram Soylu

Application of Beneish M-score model on small and medium enterprises in Federation of Bosnia and Herzegovina Abstract: The last two decades have witnessed high-profile corporate accounting scandals and multi billion-dollar frauds. Since then, forensic accounting has been in focus and has played a prominent role in discovering financial statement frauds. This research aims to analyze the applicability of the Beneish M-Score model on small and medium enterprises (SMEs) in Federation of Bosnia and Herzegovina (FBiH). Based on a sample that includes 4,580 small and medium enterprises, data will be analyzed using audited financial statements in the period from 2008 to 2015. By using independent sample t-test, correlation, and regression, it has been concluded that Beneish model is indeed applicable on the market of FBiH and aids effectively in the detection of fraud in financial statements. The study describes the comparison of different industry sectors regarding the possible manipulators and serves as a solid foundation for further research in the area of forensic accounting. Keywords: manipulative accounting, fraudulent activities, financial crime, forensic accounting, Beneish M-score Pages: 146-163 pp. 146-163

Sanel Halilbegovic, Nedim Celebic, Ermin Cero, Elvisa Buljubasic and Anida Mekic

Managers’ perceptions on trust and knowledge transfer: evidence from Greek ISAs in South East Europe Abstract: Nowadays, cooperation through the formation of International Strategic Alliances (ISAs) has become a key strategy for many firms that expand internationally. Trust among foreign partners and knowledge transfer are identified in the literature as crucial factors for satisfactory ISA performance. This paper extends previous research (Rotsios et al., 2018, 2019) on these two important parameters. Based on aspects from the Social Exchange Theory and the Resource Based View, we explore a) the perceived level of Greek managers’ trust towards their foreign partners, and b) the perceived level of the knowledge that Greek companies have acquired from their participation in ISAs. A quantitative approach is adopted, and through a questionnaire survey, a sample of 171 Greek ISAs operating in the region of South East Europe is examined. This study contributes to International Business (IB) literature and sheds light on trust and knowledge transfer in ISAs in an underresearched region. Furthermore, this research enhances the understanding on issues related to trust among ISA partners and knowledge transfer in ISAs. In addition, it contributes to the limited number of regional IB studies. Finally, the empirical findings are discussed and managerial implications are presented, while areas for further research are also proposed pp. 164-185

Nikolaos Sklavounos, Konstantinos Rotsios and Yannis Hajidimitriou

Brexit and the Anglosphere: an intra-industry trade opportunity for India? Abstract: The present paper outlines a functionalist approach to the complex “Brexit” phenomenon, exploring those opportunities that can be derived of it for third countries, unaware of the upheaval European scenario, as could be the case of India. In pro-Brexit approaches, The Indian Union appears as one of the most important countries of the Anglosphere area, particularly significant for a future focus of the brand-new “Global UK”, a relevant global partner in economic, trade & investment aspects. Due to the denominated “Intra-Industry Trade” (IIT), instrumented over the Global Value Chains (GVCs), which possibly constitutes one of the fundamental explanatory elements of the Global World, we have proposed an analysis of the UKIndia relations from the IIT & GVCs perspective. Therefore, in our work, we do an analysis of the evolution, situation and perspectives of this kind of trade, especially for its three main sectors: Apparel & Footwear, Electronics and Transport Vehicles. Keywords: Brexit, UK, India, Intra-Industry Trade, Global Value Chains Pages: 186-210 pp. 186-210

Francisco Calderon Vazquez, Vikesh CHANDNANI Sukhwani and Pablo PODADERA Rivera

Why would Romanian migrants from Western Europe return to their country of origin? Abstract: After conducting a survey among Romanian individuals left abroad, we analyze the particular influences relating to their intentions to return to their country of origin. Using Data Mining classifiers, Lasso variable selection procedures and binary logistic regressions for data collected in 2018 in several Western European countries, we have found that what matters the most for their intentions to return is the plan for starting a business in Romania in the near future. This is very useful for articulating appropriate policies. Other variables corresponding to the attachment to Romania, adaptation to the current foreign country, including the perception regarding the local discrimination, economic reasons and voting behaviour could manifest particular influences on their intentions to return. It has turned out that Romanians gone abroad to Latin countries from Western Europe, who plan to start a business at home are more likely to return to Romania than the ones gone in nonLatin countries pp. 211-235

Aurelian-Petruş Plopeanu and Daniel Homocianu

Tangible fixed assets in Czech small and middle-sized farms Abstract: The aim of this paper is to analyse the development, structure and efficiency of tangible fixed assets in the Czech farms and identify the factors that affect it. The data of farms in the period of 2003 to 2018 were used and sorted by the size of these farms. This paper evaluates the proportional development between the development of the volume of the tangible fixed assets and the volume of revenues. The development of tangible fixed assets and their structure in the reference period points to the efforts of farms to invest primarily in self-farmed land is taken into consideration. It turns out that investment activities are more affected by the overall economic situation of the farm and operating subsidies than by the possibility of drawing capital support. Keywords: agriculture, tangible fixed assets, investments, small enterprises, middle enterprises Pages: 236-251 pp. 236-251

Jana Lososová, Radek Zdeněk and Jaroslav Svoboda

The ‘Expertisation’ of European Studies. A critical perspective on discursive institutionalism Abstract: The paper puts into perspective the conceptual evolution of European Studies and one of its latest theoretically based approaches, Discursive Institutionalism. It argues that in the field of European Studies expert frameworks aiming for ‘answers’ are overshadowing the intellectual efforts striving for ‘questions’. This tendency undermines the proper identification of problems and it also erodes the effectiveness of proposed policy solutions as these recommendations lack the appropriate conceptual foundations. The paper stresses that this negative trend of ‘expertisation’ is particularly relevant nowadays, when the European Union is undoubtedly struggling with challenges of social disengagement, and that research projects are required to apply approaches that can adequately reveal people’s cognitivenormative understandings and ideationally driven praxes, as well as, most importantly, the generative causes behind EU-sceptical attitudes. Keywords: European Studies, Discursive Institutionalism, constructivism, European Union, Social disengagement Pages: 252-272 pp. 252-272

Zoltan Grunhut

A comparative study of financial literacy, retirement planning and delinquency in payment: the Kazakhstan case Abstract: Financial knowledge is assumed to help people in making good choices in their financial attitude and behaviour. Financial literacy, retirement planning and delinquency in payment were studied in different regions of Kazakhstan in both 2015 and 2019. Questionnaires were distributed among different groups of the population. Excluding invalid and unsuitable answers for the analysis, the total number of survey responses resulted was 830 for 2015 and 983 for 2019. The authors analyzed the responses to questions regarding financial attitude/behaviour such as Retirement Planning, Delinquency in payments, and the frequency of making Money Decisions. Keywords: retirement planning, delinquency in payment, financial literacy, personal finance, Kazakhstan Pages: 273-292 pp. 273-292

Maya Katenova and Sang HOON Lee

The official language status of English within the EU institutions after Brexit pp. 293-308

Neriman HOCAOĞLU Bahadir

Brain drain from Romania: what do we know so far about the Romanian medical diaspora? Abstract: In recent years a considerable amount of attention has been directed to the migration of tertiary educated people. Social scientists are interested in the brain drain phenomenon, in order to understand the positive and negative effects of highlyskilled migration in the sending countries. This paper examines physician migration in Romania, a country which records in Europe one of the largest stocks of emigrated medical doctors in the last few decades. Using data from official statistics, a survey carried out among Romanian medical doctors who have migrated, as well as innovative data from LinkedIn, we provide detailed evidence on the emigration flows and trends of Romanian physicians in terms of destinations, specialties and time frame of emigration. In addition, our study sheds light on the underlying reasons for migration and on difficulties encountered in the destination country. Keywords: migration, physicians, Romania Pages: 309-334 pp. 309-334

Alina Botezat and Andreea Moraru

Resilient organizational culture: Cluj-Napoca case study pp. 335-357

Alexandra-Bianca Andrianu

BOOK REVIEW - Dominique WOLTON, Vive l’incommunication. La victoire de l’Europe Abstract: Dominique Wolton, in his latest book, explains that misunderstandings and misinterpretations between Europeans constitute a strength, not a weakness, for the construction of Europe, for the future of Europe. It is, in the end, a “Victory of Europe”. A victory over what, or over whom? Over itself, despite a fairly general denial, and an inability to recognize this victory. Keywords: future of Europe, construction of Europe Pages: 358-362 pp. 358-362

Gilles Rouet

BOOK REVIEW - Bruce Riedel, Kings and Presidents. Saudi-Arabia and the United States Since FDR (Geopolitics in the 21st Century), Brookings Institution Press, 2018, ISBN: 978-0815731375 Abstract: There is a growing tendency to view the Middle East through four overarching nexuses: the terrorism-repression, the tribal-modern, the geopoliticalgeoeconomic and the money-buys-everything-social alienation. Each of these, at times all of them, have been taken to explain the unfolding trends in this expansive, ill-defined region, called the Middle East. Such broad strokes also forms the bedrock decision-makers in Europe, and beyond, utilise to make sense of, and design policies for, dealing with the complexities of the Middle East. But what if international relations scholarship and decision-makers are wrong? What if the public policy networks have misunderstood and, as a result, misrepresented the Middle East and its many cross-cutting cleavages? This would imply that the very foundations of Euro-Atlantic policies towards the region are eschew. There have been some notable attempts at correcting such policy misdirection. Bruce Riedel’s book titled SaudiArabia and the United States Since FDR is one such attempt. Keywords: terrorism-repression, tribal-modern, geopolitical-geoeconomic Pages: 363-366 pp. 363-366

Mitchell Belfer

Volume 10(2), month December, 2019

Re-examining de Gaulle’s rejection of British membership in the European Economic Community pp. 5-18

Alvin Adityo, Ari Anggari Harapan and Djoko Marihandono

Mainstreaming euroscepticism in European politics pp. 19-40

Ebru Oğurlu

Rethinking the territorial cohesion in the EU: institutional and functional elements of the concept pp. 41-62

Pablo PODADERA Rivera and Francisco Calderon Vazquez

Productivity determinants and their contributions to productivity growth in the Baltic countries before and after their entry into the European Union: a comparative industrial perspective pp. 63-88

Toma Lankauskiene

Does a country’s business regulatory environment affect its attractiveness to FDI? Empirical evidence from Central and Southeast European countries pp. 89-105

Mehmed Ganic and Mahir Hrnjic

Foreign borrowing, foreign direct investment inflows and economic growth in European Union transition economies pp. 107-125

Yilmaz Bayar and Mahmut Unsal Sasmaz

A longitudinal study on the effect of entrepreneurship courses taught at the vocational colleges in Turkey on students’ entrepreneurial tendency pp. 127-161

Bülent Arpat, Yeliz Yeşi̇l and Mehmet Levent Kocaalan

Development of metropolitan and non-metropolitan regions: growing disparities in the Europe of 28 pp. 163-174

Julia von HANXLEDEN and Jan Wedemeier

The Visegrád Group and the railway development interest articulation in Central Eastern Europe pp. 175-195

Bálint L. Tóth

Comparative qualitative analysis of Turkey and Estonia in the IT sector vacancies pp. 197-220

Ufuk Bi̇ngöl, Hakan Mete and Yılmaz Özkan

Day-of-the-week and month-of-the-year effects on French Small-Cap Volatility: the role of asymmetry and long memory pp. 221-248

Mohammed Chikhi, Ali Bendob and Ahmed Ramzi Siagh

The Central Bank of Turkey’s response to the global currency markets pp. 249-262

Onur Akkaya, Mustafa Özer and Özcan Özkan

The link between financial capital movements and the exchange rate in Turkey pp. 263-281

Özcan Karahan and Olcay Çolak

BOOK REVIEW - Călin Emilian HINȚEA, Marius Constantin PROFIROIU, Tudor Cristian ȚICLĂU (eds.), Strategic planning in local communities. A cross-national study in 7 countries pp. 283-285

Bogdan Andrei Moldovan

Volume 10(1), month June, 2019

An investigation of overcrowding among the UK households pp. 5-24

Sandeep Rao and Chia-Hao Chou

Regional knowledge production in Central and East European countries: R&D factor productivity and changes in performances pp. 25-44

Mustafa Cem Kirankabeş and Abdullah Erkul

Stateness before democracy? A theoretical perspective for centrality of stateness in the democratization process: The case of Albania pp. 45-65

Gerti Sqapi

Comparative analysis of debt sustainability of EU countries and EU candidates: the Promethee-Gaia approach pp. 67-92

Danijela Durkalić and Mihailo Ćurčić

The effects of demographic structures on savings in Eastern European countries pp. 93-114

Tuğba Akin and Kıymet Yavuzaslan

Cultural and event tourism: an interpretative key for impact assessment pp. 115-131

Loris Nadotti and Valeria Vannoni

Corporate ownership and capital structure: evidence from Romania pp. 133-150

Alina Țaran

Cultural heritage, smart cities and digital data analytics pp. 151-159

Karima Kourtit

The effectiveness of the monetary transmission mechanism channel in Turkey pp. 161-180

Fatih Okur, Ömer Akkuş and Atakan Durmaz

Social values impaired by the manipulation of sports and betting events: the case of the Republic of Moldova pp. 181-197

Gheorghe Reniță

Financial and economic conditions of rural development in Ukraine pp. 199-220

Dmytro Dema, Iryna Abramova and Larysa Nedilska

The effects of exchange rate depreciations and appreciations on the tourism trade balance: the case of Spain pp. 221-237

Cem Işık, Magdalena Radulescu and Aleksandra Fedajev

Analysis of the stock market anomalies in the context of changing the information paradigm pp. 239-270

Kostyantyn Malyshenko, Vadim Malyshenko, Elena Yu. Ponomareva and Marina Anashkina

European strategy for the development of alternative energy pp. 271-297

Nataliia Kravchuk, Olena Kilnitska, Volodymyr Khodakivskyi and Mykola Misevych

BOOK REVIEW - Thilo Lang and Franziska Görmar (eds.), Regional and Local Development in Times of Polarization. Re-thinking Spatial Policies in Europe pp. 299-302

Mihail Eva

Volume 1(2), month December, 2010

The investment development path in a globalised world: implications for Eastern Europe pp. 5-19

Rajneesh Narula and José Guimón

Foreign direct investment of Central and Eastern European countries, and the investment development path revisited pp. 21-36

Marian Gorynia, Jan Nowak and Radoslaw Wolniak

Attracting foreign direct investment: the public policy scope for South East European countries pp. 37-53

Christian Bellak, Markus Leibrecht and Mario Liebensteiner

Patterns of inward FDI in economies in transition pp. 55-76

Kalman Kalotay

Inward FDI in seven transitional countries of South-Eastern Europe: a quest of institution-based attractiveness pp. 77-91

Nathalie Fabry and Sylvain Zeghni

Evidence on the determinants of foreign direct investment: the case of EU regions pp. 93-118

Laura Casi and Laura Resmini

The role of multinational enterprises for regional development in Bulgaria pp. 119-138

Kaloyan Kolev

Does FDI promote regional development? Evidence from local and regional productivity spillovers in Greece pp. 139-164

Vassilis Monastiriotis and Jacob Jordaan

International outsourcing over the business cycle: some intuition for Germany, the Czech Republic and Slovakia pp. 165-185

Sandrine Levasseur

Chinese investments in the EU pp. 187-206

Haico Ebbers and Jianhong Zhang

Martinez Arranz, Alfonso / Doyle, Natalie J. / Winand, Pascaline (eds.), New Europe, New World? The European Union, Europe and the Challenges of the 21 st Century pp. 207-210

Adrian Ivan