The miracle of Brussels a compromise on the long-term budget of the European Union (by Sándor Richter) Countries covered European Union Topics Economic Integration Chinese direct investment abroad economic and political objectives (by Waltraut Urban) Countries covered China Topics Foreign...

Patterns of new member states’ international trade in intermediate products (by Robert Stehrer; pp. 1-6) Keywords intermediate products, international trade Countries covered New EU Member States Topics International Trade, Competitiveness and FDI Productivity of imports in the transition...

MENA in transition any lessons from CESEE? (by Peter Havlik and Sándor Richter; pp. 1-7) Keywords MENA, transition Countries covered MENA, CESEE Topics Other The EU and Russia both important for Ukraine (by Vasily Astrov; pp. 8-9) Keywords Ukraine, trade association, Russia, EU Countries...

The Russian economy boomed in the period of rising energy prices. That period coincided roughly with the era of Vladimir Putin's presidency (2000-2008). The speed of Russia's catching-up was then even faster than that of the new EU member states from Central and Eastern Europe. Surging energy...

The Central, East and Southeast European (CESEE) economies will experience on average a minor rebound of economic growth to 1% in 2010 which will speed up to 2.5% in 2011 and 3.5% in 2012. GDP growth will be higher in the CIS countries and in Turkey, about average in the Central European NMS and...

Three interrelated aspects typical of most financial crisis of domestic origin are brought together in a model in this paper. The first aspect is debt financed consumption boom supported by rising asset prices which ultimately leads to credit crunch and debt deflation as lenders lose confidence...

Relative to consumer services, consumer goods tend to be cheaper in richer European countries. This tendency, customarily explained in terms of cost developments and/or foreign-trade considerations, can be a reflection of a demand-side regularity. An econometrically specified cross-country...

This paper presents a number of extensions to the theory of profit- and wage-led growth by integrating selected aspects of asset markets and housing markets. Theoretical results from comparative statics are then presented and discussed, notably with reference to recent housing market bubbles....

The paper starts with examining the standard concept of government expenditure multiplier and finds that in a model of open economy with government revenues and expenditures the multiplier definition is incorrect in so far as the import intensity component relates total imports to GDP, whereas...

On a global level, the EU emerges as the most important foreign direct investor, also if considering extra-EU investments only. This reflects the capability and propensity of EU firms to internationalize their business activities. A joint analysis of two methodologically very distinct databases...