- applied macroeconomics,
- private sector development,
- financial sector reform,
- economic growth,
- transition economics,
- public finance,
- and public administration reform.
Prof. Hartwell’s research concerns transition dynamics, the economics of institutions, and financial sector development. He has published in prestigious political science and economics journals such as Journal of Economic Behavior & Organization, Explorations in Economic History, JCMS: Journal of Common Market Studies, Cambridge Journal of Economics, Journal of Economic Policy Reform, Regional Studies, and Post-Communist Economies, and regularly appears in print and other media commenting on economic issues of the day. In addition to his academic work, he has advised governments and the private sector on economic policy issues in Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Poland, Russia, Ukraine, Croatia, Bosnia, and Kosovo, among others. In his earlier position with the Moscow School of Management – SKOLKOVO, he led the Institute for Emerging Market Studies’ (IEMS) work in finance and institutional research. He also worked for the World Bank Group in Tonga as the IFC’s in-country representative and for the US Department of the Treasury in Washington DC.
Prof. Hartwell holds a PhD in Economics from the Warsaw School of Economics and an MPP in International Trade and Finance from Harvard University. He is the author of Institutional Barriers in the Transition to Market: Examining Performance and Divergence in Transition Economies (Palgrave Macmillan, 2013) and Two Roads Diverge: The Transition Experience of Poland and Ukraine (Cambridge University Press, 2016).
Prof. Hartwell was President of the Management Board of CASE - Center for Social and Economic Research from May 2014 until January 2018. He is a Professor at Bournemouth University in the UK, a Professor at Kozminski University in Poland, and a leading scholar on the evolution of institutions.
Two Roads Diverge: The Transition Experience of Poland and Ukraine (Cambridge: Cambridge University Press), 2016, ISBN 978-110-7112-01-8.
Institutional Barriers in the Transition to Market: Examining Performance and Divergence in Transition Economies (Basingstoke: Palgrave Macmillan), 2013. ISBN 978-113-7323-70-5.
“Poland,” with Katarzyna Sidło, chapter in Europa Publications (ed.), Central and South-Eastern Europe 2017 (London: Routledge), 2016, ISBN 978-1-857438-44-4.
“TTIP and Social Protection,” with Jan Teresiński, chapter in Francois (ed.), TTIP and the EU Member States (Bern: World Trade Institute), January 2016. ISBN 978-3-9524597-0-6.
“Sustainable Public Budgets,” with Marcello Signorelli, chapter in Hölscher and Tomann (eds.), Palgrave Dictionary of Emerging Markets and Transition Economics (Basingstoke: Palgrave Macmillan), November 2015. ISBN 978-113-7371-37-9.
“Institutional Reform,” chapter in Hölscher and Tomann (eds.), Palgrave Dictionary of Emerging Markets and Transition Economics (Basingstoke: Palgrave Macmillan), November 2015. ISBN 978-113-7371-37-9.
“Property Rights,” chapter in Hölscher and Tomann (eds.), Palgrave Dictionary of Emerging Markets and Transition Economics (Basingstoke: Palgrave Macmillan), November 2015. ISBN 978-113-7371-37-9.
“The Impact of Liberalization on Financial Volatility: The Case of Transition Economies,” chapter in Karkowska (ed.), Challenges to Financial Stability – Perspective, Models and Policies Volume 1 (Bucharest: ASERS Publishing), January 2015, pp. 121-142. ISBN 978-606-8689-01-2.
“Eastern Europe: Different Paths to Transition,” chapter in Burki and Erikson (eds.), Transforming Socialist Economies (New York: Palgrave Macmillan), 2005. ISBN: 978-140-3936-62-2.
Refereed Journal Articles
“The Effect of Political Volatility on Capital Markets in EU Accession and Neighborhood Countries,” Journal of Economic Policy Reform, Accepted for publication, 2017.
“Foreign Banks and the Business Environment in Transition: A Cointegration Approach,” Post-Communist Economies, Accepted for publication, 2017.
“Determinants of Property Rights in Poland and Ukraine: The Polity or Politicians?” Journal of Institutional Economics, Vol. 13, no. 1 (2017), pp. 133-160.
“The Co-Evolution of Finance and Property Rights: Evidence from Transitional Economies,” Journal of Economic Issues, Vol. 51, no. 1 (2017), pp. 73-97.
“If You’re Going Through Hell, Keep Going: Non-linear Effects of Financial Liberalization in Transition Economies," Emerging Markets Finance and Trade, Vol. 53, no. 2 (2017), pp. 250-275.
“The Institutional Basis of Efficiency in Resource-Rich Countries,” Economic Systems, Vol. 40, no. 4 (2016), pp. 519-536 (lead article).
“Improving Competitiveness in the Member States of the Eurasian Economic Union: A Blueprint for the Next Decade,” Post-Communist Economies, Vol. 28, no. 1 (2016), pp. 49-71.
“Quantifying Non-Tariff Barriers in Ukraine: A Comprehensive Trade Cost Approach,” Applied Economics Letters, Vol. 23 no. 1 (2016), pp. 47-55.
“Volatility Spillovers and Contagion in Emerging Europe” (with Konstantin Asaturov and Tamara Teplova), Journal of Applied Economic Sciences, Volume X Issue 6 (2015), pp. 929-945.
“A Helping Hand: Examining the Effect of Foreign Banks on the Business Environment,” International Journal of Emerging Markets, Vol. 11 no. 4 (2015), pp. 875-895.
“Wealth Management and Private Banking Services in Developing Markets” (with Bryane Michael and Gary Ho), Journal of Investment Consulting, Vol. 16 no. 1 (2015), pp. 10-19.
“Après le déluge: Institutions, the Global Financial Crisis, and Bank Profitability in Transition,” Open Economies Review, Vol. 26 no. 3(2015), pp. 497-524.
“Baudrillard Goes to Kyiv: Institutional Simulacra in Transition,” Journal of Economic and Social Thought, Vol. 2 no. 2 (2015), pp. 92-105.
“Revisiting the Environmental Rewards of Economic Freedom” (with Don L. Coursey), Economics and Business Letters, Vol. 4 no. 1 (2015), pp. 36-50.
“Capital Controls and the Determinants of Entrepreneurship,” Czech Journal of Economics and Finance, Vol. 64 no. 6 (2014), pp. 434-456.
“Do (Successful) Stock Exchanges Support or Hinder Institutions in Transition Economies?” Cogent Economics & Finance, Vol. 2 No. 1 (2014),
“Developments in the Economies of Member States Outside the Eurozone,” (with Richard Connolly), Journal of Common Market Studies, Volume 52, Issue S1 (2014), pp. 202-218.
“Capitalism and (versus?) Democracy: Stock Markets and Democratization in Transition,” Applied Economics Letters, Volume 21, no. 14 (2014), pp. 979-983.
“Institutional Deterioration in Transition Economies: Playing Follow-the-Leader during the Global Financial Crisis?” Transition Studies Review, Vol. 20 no. 2 (2013), pp. 131-147.
“A Eurasian (or a Soviet) Union? Consequences of Further Economic Integration in the CIS,” Business Horizons, Vol. 56 no. 4 (2013), pp. 411-420.
“The Role of Central Banks in Maintaining Monetary Stability during the Global Financial Crisis,” Banks and Bank Systems, Vol. 7 no. 3 (2012), pp. 51-69.
“Employment Protection Legislation and the Labour Market: Assessing the Effects of Armenia’s Labour Code,” European Journal of Comparative Economics, Vol. 7, no. 2 (2010), pp. 413-445.