This paper examines the importance of Foreign Direct Investment (FDI) on economic growth. Using a panel data set for 27 transition economies over the period 1991-2004 as well as the methodology of panel cointegration and causality tests, the empirical findings show that FDI does exhibit a...

Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&D expenses in EU Member States by studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and...

In this paper we compare the nature and determinants of outflows from unemployment in the case of the Czech and Slovak Republics, which in early 1990's experienced a process close to a controlled experiment. Overall, our study suggests that the exceptionally low unemployment rate in the Czech...

In the present paper an empirical analysis will point out that loans to households trigger consumption which in turn through the creation of economic growth, as claimed by Saito (2007), reduces unemployment. Austerity measures should not last for too long, since economy will face too many...