Early in the 1990s, the introduction of economic reforms in Russia created expectations of a substantial reallocation of labour; "old" jobs in the state and former-state sector were to be shed and "new" jobs created in new private firms. Although the labour market experienced relatively heavy...

This paper, based on a large sample of mid-sized manufacturing firms in the Czech Republic, Hungary, and Poland, examines differences in the behavior of state and private companies in short-term credit markets in transition economies. The study offers three main conclusions. First, we find that...

For the modern history of the SR, the state budget data from the period of CSFR are not relevant according to the existence of two republic budgets with strong mutual relations and two-way flows. In 1996, a new budget composition based on foreign experiences was introduced. The first two parts...

Empirical findings on determinants of long-term economic growth are numerous, sometimes inconsistent, highly exciting and still incomplete. The empirical analysis was almost exclusively carried out by standard econometrics. This study compares results gained by cross-country regressions as...

This paper shows the political investment risk in the Russian regions. The political risk has been determined by an index system. The value of each of the 19 indices is fixed individually for all 89 Russian regions. As a result all indices are classified and rated (Euclidean score).The result...

Group lending has proved to be a successful form of lending in credit markets for poor people. In this paper, the policy of the Grameen Bank in Bangladesh is modeled. It is shown that under certain conditions making borrowers jointly liable for their loans can induce repayment even in the...

I analyze three scenarios including no Eastward enlargement of the EU and the accession of Central European countries including and excluding Slovakia. The formulation of these scenarios is derived from the evidence on former relations between EU and EFTA as estimated by gravity models for total...

The implications of integration with the European Union on the labour markets of Central and East European transition economies have been neglected in the literature. We build an Applied General Equilibrium Model for Hungary and the Slovak Republic and simulate the integration process with...

In 1993, Czechoslovakia experienced a two-fold break-up: On January 1, the country disintegrated as a political union, while preserving an economic and monetary union. Then, the Czech-Slovak monetary union collapsed on February 8. We analyze the economic background of the two break-ups, and...

Despite the fact that the macro-economic modelling of the econometric type has almost a 30-years tradition in the Slovak Republic, the econometric modelling of the more detailed money structure has no history at all. The significance of the problem with time series is held by the fact that no...