Graph of the month Share of foreign value added in the exports of selected countries Opinion corner What might be the economic consequences of a potential territorial break-up of Ukraine? (by Vasily Astrov) Trade integration, vertical specialisation and employment growth in the new Member States...

Financial balances of the private, foreign and public sectors long-term tendencies for the European Union (by Roman Römisch; pp. 1-6) Keywords fiscal policy, budget deficits, investments and savings, public-private balances Countries covered European Union Topics Macroeconomic Analysis and...

In the course of tapping into external funding sources, innovators frequently encounter binding and insurmountable financing constraints, prompting them to discontinue, postpone or altogether abandon some of their innovative efforts, a key source of their growth and survival. This is even more...

During economic downturns, labour hoarding becomes an attractive human resource strategy if sizeable search and training costs render hiring and training new workers too costly. The paper sheds light on the prevalence and extent of labour hoarding in five New EU Member States and Turkey during...

Real economic convergence within the EU (by Rumen Dobrinsky; pp. 1- 5) Keywords convergence, panel regressions Countries covered European Union Topics Macroeconomic Analysis and Policy R&D and non-R&D innovators in the financial crisis the role of binding credit constraints (by Sandra M. Leitner...

While up to the 1990s, R&D was still ‘an important case of non-globalization’ (Patel and Pavitt 1991), the internationalization of business R&D activities has accelerated significantly during the past two decades. R&D activities of foreign affiliates have become one of the most dynamic...

Trade and economic integration in the CIS an evaluation (by Vasily Astrov, Peter Havlik and Olga Pindyuk; pp. 1-3) Keywords trade, economic integration Countries covered CIS Topics International Trade, Competitiveness and FDI Volume and variety of intra-bloc trade in an expanded European Union...

This paper attempts to shed new light on the effect innovation has on employment. Specifically, it identifies the net employment effects of technological product and process innovations as well as complementary non-technological organizational innovations which have so far mostly been bypassed...

This paper looks at the influence globalization exerts on wage negotiation processes and outcomes. Specifically, it establishes whether, compared to their purely domestically oriented counterparts, exporters share a higher fraction of the rents they generate with their employees. The analysis...

Summary Fundamental changes in the global trade landscape in terms of considerably expanding trade volumes and rapidly advancing global fragmentation of production processes have opened up new opportunities for many economies. The ensuing analysis determines whether these new opportunities have...