Similar Search Results

On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis

Astrov, Vasily; Çiçek, Serkan; Dobrinsky, Rumen; … - Wiener Institut für Internationale … - 2014

Summary Despite near stagnation in the euro area and the negative impact of the Ukraine crisis, in most of the NMS economies and some of the Western Balkan countries growth prospects are viewed as positive. While the NMS economies will preserve their positive growth differential vis-à-vis the...

Persistent link: https://www.econbiz.de/10011019991

Investment to the Rescue

Astrov, Vasily; Dobrinsky, Rumen; Gligorov, Vladimir; … - Wiener Institut für Internationale … - 2014

The Vienna Institute for International Economic Studies (wiiw) expects GDP in Central, East and Southeast Europe (CESEE) to pick up speed and grow on average by 2-3% over the forecast period 2014-2016 a major driving force rooted in an upward reversal of public and private investment. The...

Persistent link: https://www.econbiz.de/10010751986

Investment to the Rescue

Astrov, Vasily; Dobrinsky, Rumen; Gligorov, Vladimir; … - Wiener Institut für Internationale … - 2014

Persistent link: https://www.econbiz.de/10010753909

Labour market effects of public capital stock: evidence for the Spanish private sector

Raurich, Xavier; Sala, Hector; Sorolla, Valeri - In: International Review of Applied Economics 23 (2009) 1, pp. 1-18

This paper provides a new rationale for the positive effect of public capital stock on employment and wages. We show … that higher levels of public capital reduce wages along the wage equation and enhance employment due to the resulting … employment, capital stock and gross domestic product, and (ii) that the wage channel is particularly important for employment. …

Persistent link: https://www.econbiz.de/10005482794

Crisis Is Over, but Problems Loom Ahead

Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2010

pronounced as long as employment fails to grow. Investment will not act as a strong engine of growth either. Given the generally …

Persistent link: https://www.econbiz.de/10008547915

Unemployment in the EU: Institutions, Prices and Growth

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2004

This Paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labour market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10005124001

Fasting or Feasting? Europe - Old and New - at the Crossroads

Astrov, Vasily; Gligorov, Vladimir; Hanzl-Weiss, Doris; … - Wiener Institut für Internationale … - 2012

External determinants Two key factors currently affect the economic prospects of CESEE the crisis in the euro area and movements in the commodity prices. For Russia, Kazakhstan and Ukraine declining world market prices of energy carriers, steel and other basic commodities are vital. For most of...

Persistent link: https://www.econbiz.de/10010686219

Double-dip Recession over, yet no Boom in Sight

Astrov, Vasily; Dobrinsky, Rumen; Gligorov, Vladimir; … - Wiener Institut für Internationale … - 2013

Summary The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE countries in 2013. By and large, those countries are small open economies held hostage to the excessive fiscal austerity pursued in the euro area and the sluggish progress on the...

Persistent link: https://www.econbiz.de/10010686994

New Divide(s) in Europe?

Astrov, Vasily; Gligorov, Vladimir; Hanzl-Weiss, Doris; … - Wiener Institut für Internationale … - 2012

employment. Furthermore, patterns of adjustment across CESEE economies vary greatly, with some countries (such as Croatia … dampens consumption expenditures, and leads to cutbacks in employment (and wages), which, in turn, lower household incomes and … markets of the CESEEs and the situation of the banking sector respectively. Towards the end of 2011 the employment situation …

Persistent link: https://www.econbiz.de/10010820235

Animal Spirits still Dimmed: Slow Recovery Expected

Astrov, Vasily; Dobrinsky, Rumen; Gligorov, Vladimir; … - Wiener Institut für Internationale … - 2013

happening in the labour markets. Employment rates have declined in most countries while unemployment in particular among the …

Persistent link: https://www.econbiz.de/10010820236