This paper addresses issues related to the process of restructuring of the Bulgarian economy during the transition period. The analysis, based on the use of input-output tables, reveals various aspects of economic activity in their interconnection. As the economy evolves over time the structure...

Assessing investment activity is a key to understanding the present Russian economy; the Russian official national accounts, however, do not give very much information on it because of their large statistical discrepancies. Using a matrix balancing method, we construct an aggregated Social...

This paper makes some selective comparisons of the empirical evidence relating to financial discipline and soft budget constraints in the enterprise sector in China and the transition countries of Central and Eastern Europe and the former Soviet Union (CEEFSU). The paper finds that: (1) in both...

Conclusions about poverty and the distribution of incomes are typically based on information obtained from sample surveys. However, sample surveys are subject to sampling and non-sampling errors. Statistical inference allows us to deal with sampling errors. In this paper, we demonstrate the...

At first glance, the higher education sector may look to have embraced the challenges and pressures of moving towards a market system. However, there remain longer term issues that must be addressed if the higher education sector is to survive and ultimately prosper. This paper examines more...

In the process of transformation from a centrally-planned to a market-orientated economy, the domestic financial sector plays two important roles. First, the financial sector itself has to be fundamentally restructured, and second, its efficient functioning is a crucial precondition for the...

This paper describes the current state of restructuring in the electricity industry in Ukraine, arguing that the aim of any restructuring must be to increase efficiency, whether managerial, economic or technical. In the case of the Ukrainian power industry there is scope for all three. The...

This paper examines the development and implementation of computable general equilibrium (CGE) models and examines their application to economies undergoing transition. The generalised development of a CGE model is presented in terms of the series of 'building blocks' which comprise a typical...

The purpose of this paper is the following: firstly, to chart how much economic reform of CEE electricity industries has taken place to date; secondly, to discuss why progress has been so limited; and, thirdly, to consider the prospects over the next few years. In charting the economic progress to...

Interest in the status and functions, the potentials and the vulnerability of the academic profession has grown in recent years. International comparison is of special interest in this context: are the problems experienced universal or country-specific? Are there options and conditions in...