Innovation is considered to be an important determinant of performance at the firm, industry and country level. This view is supported by empirical evidence showing the importance of innovative activities on firm and industry performance and country growth rates. The majority of the world’s...

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...

Kazakhstan an economic assessment (by V. Astrov, pp. 1-4) Countries covered Kazakhstan Topics Macroeconomic Analysis and Forecasts The twin deficits myth and real problems (by K. Laski and R. Römisch, pp. 5-8) Countries covered non-specific Topics Macroeconomic Analysis and Forecasts Global...

The European Commission grossly underestimates the effects of German domestic demand expansion (by Leon Podkaminer; pp. 1-2) Keywords income elasticity of imports, external imbalances Countries covered Germany, EU Topics Macroeconomic Analysis and Policy, International Trade, Competitiveness and...

No take-off in Central, East and Southeast Europe so far (by Vasily Astrov) Albania the remedy is worse than the disease? (by Mario Holzner) Bosnia and Herzegovina still making up its mind (by Vladimir Gligorov) Kazakhstan low oil prices create devaluation pressure (by Olga Pindyuk) Kosovo...

Current situation of the global economy challenges and potential consequences for Central, East and Southeast Europe (by P. Havlik and J. Pöschl, pp. 2-5) Keywords global economy, financial instability Countries covered Wider Europe, OECD, CIS Topics Macroeconomic Analysis, Forecasts and Policy...

New EU member countries joining the euro zone the criteria of demonstrable maturity (by Josef Pöschl) Countries covered New EU Member States Moldova Europe's poorhouse (by Roman Römisch) Countries covered Moldova Assessing the demand for food in Europe by the year 2010 (by Leon Podkaminer)...

The dark side of the Balkans (the shadow economy in Southeastern Europe) (by Edward Christie and Mario Holzner) Are CEECs trapped in low-quality export specialization? (by Uwe Dullek, Neil Foster, Robert Stehrer and Julia Wörz) Do interest rate differentials determine the movements in the...

The fear of intervention the case of the Polish zloty (by Pawel Kowalewski, p. 1) Sector profile the textile and clothing sector in the CEECs (by Doris Hanzl-Weiss, p. 5) 'State of play' in the EU accession negotiations (Table, p.19) Selected monthly data on the economic situation in ten...

Hungary taking stock (by J. Kornai; pp. 1-12) Keywords economic policy, reform Countries covered Hungary Topics Macroeconomic Analysis and Policy Developments in trade and FDI in services in the Visegrad countries (by O. Pindyuk; pp. 13-20) Keywords trade, services, FDI Countries covered...