In this paper we consider the possible consequences that accession to the World Trade Organization (WTO) bears for Belarus. Our approach is based on partial equilibrium. We have applied a method of locating specific 'sensitive' points in the economy and treating them as separate items specific...

The collapse of communist regimes in Central and Eastern Europe marked a historical event for the countries on both sides of the iron curtain. Using the recently released EU KLEMS database on detailed sectoral growth and employment measures, we analyse the productivity performance in the period...

This paper contributes to the debate on the effects of migration by providing evidence on the returns to working experience from western Europe in eastern European labour markets. In particular, using the 2003 Youth Central and Eastern Eurobarometer dataset, we test the hypothesis that there are...

The intensity of competition in Central, Eastern and Southeast Europe stylized facts and repercussions for sectoral price developments (by M. Feldkircher, R. Martin and J. Wörz; pp. 1-7) Keywords inflation, mark-ups, competition, concentration Countries covered CEE, SEE Topics Macroeconomic...

Cohesion policy - does it have a future? (by S. Richter; pp. 1-2) Keywords cohesion, transfers, EU Countries covered European Union, New EU Member States Topics Macroeconomic Analysis and Policy; Regional Development; Other The great crisis and the American response (by J. K. Galbraith; pp....

A few reflections on fiscal and monetary policy in the euro area (by J. Pöschl; pp. 1-3) Keywords fiscal policy, monetary policy, euro area Countries covered EU Topics Macroeconomic Analysis and Policy; International Trade, Competitiveness and FDI Unit labour costs, exchange rates and responses...

Summary Fundamental changes in the global trade landscape in terms of considerably expanding trade volumes and rapidly advancing global fragmentation of production processes have opened up new opportunities for many economies. The ensuing analysis determines whether these new opportunities have...

Summary Inequality is a multidimensional phenomenon though it is often discussed along a single dimension such as income. This is also the case for the various decomposition approaches of inequality indices by recipients or income sources. In this paper we study one- and multidimensional indices...

Graph of the month Corporatism and changes in the adjusted wage share in GDP and in the unemployment rate (p. 1) Opinion corner Two views on Piketty (by Vladimir Gligorov and Mario Holzner; pp. 2 3) Corporatism and the wage share in Western economies and in CESEE (by Mario Holzner; pp. 4-8 )...

European energy security a concern common to both the EU and Russia (by P. Havlik; pp. 1-2) Keywords energy security, gas supply, structural reform Countries covered Russia, EU Topics Macroeconomic Analysis and Policy The current state and prospects of the Russian energy sector (by V. Astrov;...