Economic integration in Europe has been accompanied by concerns about the effect of integration on regional disparities in the European Union. This paper investigates the effects of the most recent EU enlargement on convergence among countries and regions in the EU-27. Departing from a new...

This paper provides an insight into the realm of financial contagion, and applies a meta-analytical approach to focus on Central and Eastern European (CEE) economies. Our results show that, on average, asset market correlations have increased, albeit moderately, during turbulent periods as...

We examine model specification implications pursuant to gravity equation analysis in assessing the validity of new trade theory (NTT) models. The testing is conducted on twenty-three EU members, consisting of eight postsocialist transitional countries and fifteen developed countries, for the...

This paper investigates the effect of foreign research and development (R&D) stock on the productivity of Central and Eastern European (CEE) countries. We employ industry-level panel data on twenty-two manufacturing industries from six CEE countries from 1995 to 2007. The findings indicate that...