The paper focuses on the process of liberalization of the electricity market and its functioning in the EU. The European electricity market is in the middle of its transformation from a monopolistic state-owned production and distribution to privatized markets with various competing firms. The...

Paper focuses on preconditions, actual trade flows and growth potentials of the Free Trade Zone in Southeast Europe. Further trade liberalisation and implementation of all 21 bilateral trade agreements would be important incentive for intra-regional trade, especially within SEE-5, where,...

The purpose of this research is to examine the economy-wide energy efficiency changes in the EU countries in the period from 2000 to 2010 and to compare the results with the traditional energy efficiency indicator. The DEA CCR multiple input-oriented model is applied in order to analyse the...

The aim of this research is to investigate the impact of energy sector reforms on electricity generation and thus economic growth in EU and Southeast European countries. The paper aims at clarifying whether the impact of energy sector reforms on generation efficiency differs among countries...

This paper applies the most recently developed autoregressive distributed lag (ARDL) co-integration procedure to re-investigate co-integration and the causal relationship between energy consumption and real GDP within a multivariate framework that includes capital stock and labor input for...

The purpose of this research is to examine the causal relationship between energy and economic growth in Croatia using data for the period from 1993 to 2006. We use a bivariate model of real GDP and five energy variables: energy consumption in industry and households, oil consumption, primary...

The paper identifies the potential impact of PTAs between SEECs on the FDI inflows in the region. It is expected that PTAs would encourage vertical FDI. We have analysed FDI inflows in SEECs before the establishment of RTA, regarding their performance and determinants.We assume that PTAs in SEE...

In the context of actual economic and energy crises when energy issues have become crucial development topic, the paper focuses the issues of regional electricity market in Southeast Europe. The electricity sector in Southeast Europe has gone through extensive economic reforms and the...