Many reforms of banking market liberalization in CEE countries raised the question on the convergence of banks' competitive behaviour, particularly because of the presence of foreign banks from same European regions. We find within-country convergence of three used bank competition measures,...

We analyze the effect of competition in market-accessibility enhancement among quality-differentiated firms. Firms are located in regions with different ex-ante transport costs to reach the final market. We characterize the equilibrium of the two-stage game in which firms first invest to improve...

Over the last decade Slovenia has achieved clear and positive macro-economic results that have placed it among the most successful transitions countries. The basic indicators show that it has been integrating and catching up with European Union member states at an ever increasing pace. Despite...

1st May, 2004 marked the fifth and the largest European Union enlargement, with accessions given to 10 countries, out of which eight were Eastern European. Following this, another round of enlargement took place in 2007, which provided Bulgaria and Romania the EU member status. Introduction of...

We analyze the effect of competition in market-accessibility enhancement among quality-differentiated firms. Firms are located in regions with different ex-ante transport costs to reach the final market. We characterize the equilibrium of the two-stage game in which firms first invest to improve...

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

As the current financial crisis has shown, macroeconomic imbalances such as persistent current account and trade deficits, can seriously undermine a country's resilience to economic shocks. Maintaining and enhancing external competitiveness has thus become of increasing concern, particularly to...

Conditions of the development and global challenges for the agri-food sector in Poland. The main direction of the Romanian agricultural sector evolution following the EU integration. The Common Agricultural Policy in the function of organic production development in EU. The assessment of EU...