2014

These 17 projects were selected from a total of 72 which were submitted with budgets totaling nearly $720,000. An additional project was brought forward after being granted a one-year deferral in the previous round, bringing the total to 18 projects.

Note that in cases where the award was made to a group of researchers, only the principal researcher(s) is/are named. Each project also includes a notation mentioning the sponsoring institution and the project title.

The projects in RRC 14 were selected in December 2013 and work began in early 2014. The deadline for project completion was December 2014, though we allow researchers a one-time, six-month no-cost extension, which extended the final deadline to June 2015. The research teams presented their interim findings at a workshop held in August 2014 in Prague. The resulting papers from these projects will be made available as they are submitted.

Principal Investigator(s)
Sponsoring Institution
Project Title

Svitlana Omural
CERGE-EI Prague, Czech Republic
The Local Labor Markets and Board Composition

Merima Balavac
School of Economics and Business, University of Sarajevo, Bosnia and Herzegovina
Determinants of export diversification at the export margins in transition countries
Summary of Findings || Completed Paper

Andreea Maria Stoian
Department of Finance, Bucharest University of Economic Studies, Romania
The Study of Fiscal Vulnerability: Empirical Evidence for European Union Countries
Summary of Findings || Completed Paper || Completed Paper 2

Viktorija Atanasovska
Association for Economic Research-STOKE Skopje, Macedonia
What determines the bank's market share in the Western Balkans? Is it firm or political economy determinants?

Simona Mutu
Faculty of Economics and Business Administration, Babes-Bolyai University, Cluj-Napoca, Romania
Contagion spillovers in the European banking sector. A macroprudential CoVaR approach
Summary of Findings || Completed Paper (Updated Jan 2017)

Marge Unt
Institute of International and Social Studies, Tallinn University, Estonia
The Effects of Macro-Societal Configurations on the Timing of "Involuntary" and "Voluntary" Early Retirement in Enlarged Europe
Summary of Findings || Completed Paper

Aleksander Aristovnik & Jernej Mencinger
Faculty of Administration, University of Ljubljana, Slovenia
The Dynamics of Fiscal Policy Transmission Mechanism and the Effect on Economic Growth
Summary of Findings || Completed Paper

Tanja Broz & Tomislav Ridzak
International Graduate Business School Zagreb, Croatia
Links Between Zombie lending, Productivity and Employment
Summary of Findings || Completed Paper || Completed Paper 2

Zurab Abramishvili, Patrick Gaulé & Lasha Lanchava
CERGE-EI Prague, Czech Republic
Evaluating the Impact of Unconditional Cash Transfers Through Regression Discontinuity: The Case of the Social Assistance Program in Georgia
Summary of Findings || Completed Paper

Dmytro Vikhrov
CERGE-EI Prague, Czech Republic
Welfare Effects of Immigration under Policy Coordination
Summary of Findings || Completed Paper

Elvina Merkaj
South-East European Center for Economic Development (SECED), Albania
Regional Development Fund transfers to local government and state clientelism in Albania
Summary of Findings || Completed Paper || Completed Paper 2

Volha Audzei & František Brázdik
CERGE-EI Prague, Czech Republic
Monetary Policy and Exchange Rate Dynamics in Selected CEE Countries
Summary of Findings || Completed Paper

Tomáš Klinger & Petr Teplý
Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Czech Republic
The relationship between Sovereign and Bank Crises
Summary of Findings || Completed Paper || Completed Paper 2

Lubomír Cingl & Jindřich Matoušek
Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Czech Republic
An Experimental Test of Design Alternatives for Spectrum Auction in Czech Republic
Summary of Findings || Completed Paper

Irina Momotenko
CERGE-EI Prague, Czech Republic
Investigating the peer effect of corruption
Summary of Findings || Completed Paper

Sergey Slobodyan
CERGE-EI Prague, Czech Republic
Time-Varying Parameters Forecasting with Real-Time Data for Russia

Suren Vardanyan
CERGE-EI, Prague, Czech Republic
Risk Aversion and Contagion in Experimental Stock Markets
Summary of Findings || Completed Paper

Andrea Canidio & Alfredo Burlando (**project originally from RRC13 round)
Department of Economics, Central European University, Budapest, Hungary
Financial inclusion and business development of marginalized households: the case of Village Savings and Loan Associations (VSLAs) in Uganda
Summary of Findings || Completed Paper