There are many studies aiming at estimation of aggregate trade effects of the euro adoption by the old EU countries, which are based on the augmented gravity model. In contrast to the existing literature, we investigate whether the adoption of the common currency increases the export activity of...

The year 2000 was exceptionally good for the transition countries. The region as a whole expanded faster than the world economy average. However, the favourable external climate has started to deteriorate rapidly and especially the current pronounced weakening of the EU economy is worrying. The...

Small and medium size enterprises operate in very different forms and types of activities in various international markets. Very strong competition, which occurs in the domestic market, as well as its small size, in case of small countries in particular and, consequently the saturation of the...