Economic development, structure of economy, natural and labour resources, infrastructure and transport-transit opportunities of Azerbaijan, Kazakhstan and Kyrgyz Republic that have been independent for 20 years since collapse of the Soviet Union are quite diverse. Azerbaijan and Kazakhstan have...

The present sovereign debt crisis in the Economic and Monetary Union of the EU (EMU) is partly attributable to the pronounced increase in external imbalances across northern and southern euro zone countries during the years running up to 2007 (Lane and Milesi-Ferretti, 2011). While the behavior...

Demographic change challenges the economy in many ways. The impact on pension systems, health care, labour force etc. has already been widely analysed. An ageing population directly increases the number of retired persons, the need for nursing places and the contribution rates for social...

Structural change is a fundamental phenomenon that accompanies the development of market-based economies. Structural change in agriculture can be understood in a broad sense as adjustments of economic entities in the agricultural sector in response to various driving forces. Depending on the...

This paper analyzes the effects of the planned free trade agreement (FTA) between the European Union (EU) and Ukraine on inequality and poverty in the latter using a CGE-microsimulation model for Ukraine. Special attention is thereby given to the in-house production of agricultural and processed...

The aim of this paper is to assess the impacts of German energy policies on the competitiveness of national energy intensive industries. The basic idea behind our analysis is that energy policies in Germany create a certain electricity market structure resulting in a certain electricity price,...

The state budget crisis in the Eurozone has raised the issue of international trade imbalances prevailing in Europe. Whereas Germany holds a strong trade surplus other neighbouring countries show a deep trade deficit. The result is that some economies in Europe have built-up high debts in order...

Environmental policy decisions are dynamic in nature. Assumptions on the functional structure and rate of discounting have significant impacts on policy decisions regarding when to act and how much to invest. Environmental benefit-cost analysis historically has employed exponential discounting...

Favorable period of 2000-2007 years with a high rates of GDP growth in Kazakhstan after the global economic crisis was replaced by a period of its moderate growth. According to estimates of monetary policy rules the National Bank of Kazakhstan concentrated focus on inflation targeting after the...

Using a balanced panel data set drawn from TurkStat’s Income and Living Conditions Survey, we examine the transition of Turkish households into and out of poverty. During the four year period (2007-2010) under examination, the relative poverty rate had remained more or less the same in Turkey...