The issue of the impact of trade on economic performance and labour markets has been intensively discussed in the recent literature on trade liberalization and globalization where the debate was mainly about identifying the relative impact of trade and technology. The bulk of the existing...

There has been an ongoing trend towards increasing internationalisation of production over the past two decades or so. This implies that countries become more dependent on demand from foreign countries but also that countries and industries are able to source intermediates from different...

This paper explores the features of a dynamic multisectoral model which focuses on the relationship between income distribution, growth and international specialization. The model is explored both for the steady-state properties and the transitory dynamics of integrated economies. Income...

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...

Conventional econometric analysis using VEC suggests that there is a long-term relationship between nominal world GDP and nominal world exports. The analysis cannot say anything about the causal relationships between the levels of GDP and exports. But it says a lot about the rules governing the...

Croatia’s EU membership and the dilemma of state aid (by Roman Stöllinger; pp. 1-7) Keywords state aid, industrial policy, shipyards Countries covered Croatia Topics Macroeconomic Analysis and Policy Panel data analysis of the CEECs tracing growth determinants over time (by Doris Hanzl-Weiss;...

Summary This paper analyses the extent and impact of structural changes on aggregate economic growth that occurred in European economies during the past two decades, focusing on the new EU Member States of Central and Eastern Europe. After presenting some stylised facts related to employment and...

The year 2000 was exceptionally good for the transition countries. The region as a whole expanded faster than the world economy average. However, the favourable external climate has started to deteriorate rapidly and especially the current pronounced weakening of the EU economy is worrying. The...

This paper analyses some of the factors behind the diverging productivity performances of the US and the EU over the 1990s and develops some conjectures regarding the likely developments for the current decade. The 1990s were characterized by two features the disappearance of the process of...

Southeast Europe (SEE) has been lagging in transition and development. For political, security and institutional reasons, it has developed in a non-standard way. However, the prospects for reforms and growth are now better than they have been in a decade, if not longer. There are positive...