<abstract xmlns="http://www.w3.org/1999/xhtml"> The aim of the present article is to analyze the convergence of regional inflation rates in Turkey from 2004 to 2015 by adopting sigma convergence and distribution dynamics approaches. The outcomes of our research can be summarized in two groups. First, inflation disparities tend to decline over time, especially during the post-crisis period after 2010. Hence, the aggregate price stabilization and disinflation process in Turkey is coupled with convergence in inflation rates across regions. Second, in addition to the findings in the literature, we find that regions change their relative inflation rate positions quite often. This indicates that regional inflation behavior is random and non-structural, as the relatively high and low inflationary places tend to change their quintiles frequently. The results imply several policy suggestions. First, achieving inflation convergence is a harder task than initially understood, as it seems to show random behavior. Second, trade integration can be an option to foster regional price convergence.</abstract>

Inflation Differentials across Regions in Turkey

<abstract xmlns="http://www.w3.org/1999/xhtml"> The paper aims to shed light on the effects of different types of financing constraints on firm sales and employment growth in Emerging Europe before and after the onset of the financial crisis. It analyzes the group of emerging NMS-10 economies (plus Turkey) and the group of economically and financially lagging Western Balkan countries. The paper demonstrates that financing constraints significantly obstruct firm growth, particularly in the Western Balkan countries, which calls for policy intervention to ensure swifter job-rich growth and catching-up with the rest of Europe. It also emphasizes that particular firm characteristics are essential for growth in Emerging Europe and demonstrates that exporting only and innovating are recipes for faster firm growth, while importing only and a high foreign ownership share seriously retard firm growth. Finally, it stresses the importance of the particular institutional environment for firms to thrive.</abstract>

Financing Constraints and Firm Growth in Emerging Europe

<abstract xmlns="http://www.w3.org/1999/xhtml"> This study aims to identify the factors that make passengers loyal to an airline in Southern Africa by investigating the impact of service quality and safety perception on customer satisfaction and how satisfaction and frequent flyer programs (FFP) subsequently influence customer loyalty. The key finding was that service quality positively influenced customer satisfaction, and satisfaction was an important antecedent of customer loyalty. The analysis also suggested that safety perception and FFP positively influence customer loyalty, while their relationship with satisfaction was not significant. An analysis of switching behaviour revealed that satisfied customers may still switch to other airlines. The main contribution of this study is the development of a customer loyalty model for the aviation industry in Southern Africa. Knowledge of customer loyalty drivers will assist airline marketing managers in developing strategies for improving passenger load factors and profitability.</abstract>

An Investigation into the Impact of Service Quality, Frequent Flier Programs and Safety Perception on Satisfaction and Customer Loyalty in the Airline Industry in Southern Africa

<abstract xmlns="http://www.w3.org/1999/xhtml"> Recent economic turmoil has revived interest in the quest for sustainable growth. Current economic thinking attaches growing importance to industrial development. The roots of such thinking can be traced back to traditional arguments about the beneficial role of manufacturing for economic growth through horizontal and vertical spillovers to other sectors. These spillovers are of particular importance at the regional level, as such externalities tend to be localized in nature. The objective of this paper is to explore the relationship between economic structure and regional growth in ten Western European EU member states in the post-crisis period. The analysis wishes to answer the question of whether regions with a higher concentration of manufacturing outperform their counterparts with more diverse economic structures. A spatial panel econometric technique is applied in order to distinguish between the intra-regional and inter-regional effects of economic structure, yielding recommendations for policy makers in the field of industrial policy.</abstract>

Assistant Professor University of Dubrovnik, Department of Economics and Business Economics

Full Professor University of Rijeka, The Faculty of Economics

Assistant Professor University of Rijeka, The Faculty of Economics

Economic Structure and Regional Economic Performance in Advanced Eu Economies

<abstract xmlns="http://www.w3.org/1999/xhtml"> This study aims to examine bilateral trade flows across ECOWAS-15 nations with the use of a panel and cross section for the period of 1981-2013. The methodology carried out to achieve this objective involves the use of various techniques of estimation for the gravity model (Static and dynamic). More specifically, this study aims to investigate the formational impact of regional trade integration agreements on trade flows within a group of countries using the same currencies and ECOWAS at large. The main use of regional variables into gravity models is intended to determine whether RTAs lead to trade creation, or diversion. The results show the presence of a strong relationship among the factors of both RIAs and trade flows.</abstract>

School of Economics, Finance and Banking UUM College of Business Universiti Utara Malaysia

Associate Professor, Department of Economics and Agribusiness School of Economics, Finance and Banking UUM College of Business Universiti Utara Malaysia

Senior Lecturer, Department of Economics and Agribusiness School of Economics, Finance and Banking UUM College of Business Universiti Utara Malaysia

The Gravity Model Approach: An Application on the Eco Was Trading Bloc

<abstract xmlns="http://www.w3.org/1999/xhtml"> This paper explores the influence of macroeconomic indicators, namely GDP growth, the Consumer Price Index and the unemployment rate on the quality of loan repayments by households in the banking market of the Federation of Bosnia and Herzegovina. Potential influence is observed over a period of fourteen years at the level of nonperforming household loans using regression analysis. The authors aim to determine whether macroeconomic forces actually influence loan repayment, and if so how and what can be done by banks to utilize this information in order to reduce future credit losses, and by the government to maintain the stability of the banking sector.</abstract>

Candidate Senior Lecturer Department of Economics Sarajevo School of Science and Technology

Associate Professor Department of Economics Sarajevo School of Science and Technology

The Influence of Macroeconomic Trends on the Repayment of Loans by Households: Evidence from the Federation of Bosnia and Herzegovina and Policy Reccomendations

AHEAD OF PRINT

Volume 18 (2023): Issue 2 (December 2023)

Volume 18 (2023): Issue 1 (June 2023)

Volume 17 (2022): Issue 2 (December 2022)

Volume 17 (2022): Issue 1 (June 2022)

Volume 16 (2021): Issue 2 (December 2021)

Volume 16 (2021): Issue 1 (June 2021)

Volume 15 (2020): Issue 2 (December 2020)

Volume 15 (2020): Issue 1 (June 2020)

Volume 14 (2019): Issue 2 (December 2019)

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Volume 13 (2018): Issue 2 (December 2018)

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Volume 10 (2015): Issue 2 (December 2015)

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Volume 8 (2013): Issue 2 (November 2013)

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Volume 7 (2012): Issue 2 (November 2012)

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Volume 4 (2009): Issue 1 (April 2009)

Volume 3 (2008): Issue 2 (November 2008)

Volume 3 (2008): Issue 1 (April 2008)

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South East European Journal of Economics and Business

 The South East European Journal of Economics and Businessis a research oriented journal that deals with topics in the field of economics and business, highlighting the transitional economies of South East Europe, and their importance for global economic growth. Our goal is to establish an academic journal in the field of economics and business based on both regional and an international focuses, original articles, rigorous selection, continuous publication and talented authors. The journal does not have article processing charges (APCs) nor article submission charges. Why subscribe and read   High-quality research oriented Journal that deals with topics in the field of economics and business, highlighting the transitional economies of South East Europe;  Excellent articles authored by talented authors from all over the world with perspective on regional economies and business activities, reviewed by prominent reviewers.   Why submit   Fast, fair and constructive double-blind peer review;  Promotion of each published article.   Topics   Accounting and Finance  Banking and Insurance  Business Information Systems  CSR and Sustainability  Economics of Transition  Entrepreneurship  Financial Management  Growth and Development  Human Resources Management  Institutional Economics  International Economics and Business  Marketing Management  Organizational Behavior, Innovations and Competitiveness  Regional Economics and Integration  Strategic Management  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 