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Topics in the literature of transition economies and emerging markets


The research streams of transition economies and emerging markets have some common ground, but yet differ. The goal of this study is to provide a better understanding of the commonalities and differences regarding trends and topics of this cross-disciplinary research area. We employ the novel method of topic models on a corpus of nearly 6,000 articles in more than 600 journals from 1995 to 2012 to identify 25 topics and analyze their trends and use across scope (transition or emerging), disciplines (business or economics) and geography (countries or regions).

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  1. 1.

    More precisely, the latter term dates back to the early 1980s. We discuss this in detail later.

  2. 2.

    For the rest of this paper we will use the combined term transition markets to refer to this joint research area.

  3. 3.

    See, for example, Popov (2007).

  4. 4.

    The potential fourth issue of sensitivity of results on various similarity measures is not critical (An and Wu 2011).

  5. 5.

    The placement on the map is quite similar with the choice of the other scope or discipline as well as the difference of scores for scope and discipline.

  6. 6.

    With a cutoff point further up in the hierarchical tree Colombia can be also included in the emerging countries cluster.


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Correspondence to Anke Piepenbrink.

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Piepenbrink, A., Nurmammadov, E. Topics in the literature of transition economies and emerging markets. Scientometrics 102, 2107–2130 (2015).

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  • Topic models
  • Emerging markets
  • Transition economies
  • International business
  • Economics