Showing 1 - 10 of 55
Analysing the evolution and determinants of foreign direct investment (FDI) in Estonia, Latvia and Lithuania, this paper argues that sound economic policies have created an environment conducive for FDI. Overall, FDI has contributed to economic growth in the Baltic economies, having financed...
Persistent link: https://www.econbiz.de/10009649580
clear whether two prescriptions aiming at solving this problem greater exchange rate flexibility and the liberalization of … based on the liberalization of foreign trade and of the capital market. His main conclusion is that the current account …
Persistent link: https://www.econbiz.de/10009649597
The periodically returning debates and the disappointing bargaining on the financial perspectives for 2007-2013 have led to the proposal of a comprehensive review of the EU budget in 2008/2009. This provides an opportunity for initiating fundamental reforms of the revenue side of the EU budget....
Persistent link: https://www.econbiz.de/10005129439
Abstract The patterns of Central and East European countries’ (CEECs) development in the course of transition and following EU accession have been determined by these countries’ generally uncritical adoption of policies consistent first with the commandments of the Washington Consensus and...
Persistent link: https://www.econbiz.de/10010820194
In this paper, first we investigate to which extent the real exchange rate is distorted in the 7 Southeast European countries (SEECs), and compare the findings with other countries in Europe. Second, we shed light into possible determinants and effects of the real exchange rate distortions....
Persistent link: https://www.econbiz.de/10010775664
, and limits to, liberalization. The final conclusion is that liberalizing the imports of certain items is very much in line … with the need to revise the current structure of trade specialization in Belarus. Import liberalization should not be seen … into internationally competitive industries. Liberalization of the domestic market in the wake of WTO accession must be in …
Persistent link: https://www.econbiz.de/10005321911
This paper explores the link between trade structure, trade specialization and per capita income growth. It is argued that industrial upgrading in export specialization patterns has a positive long-run growth effect, while the effect of structural change in industrial import patterns is in...
Persistent link: https://www.econbiz.de/10010686968
Abstract Trade in goods and services is likely to be an important channel for international knowledge diffusion. This paper considers the extent of R&D spillovers through intermediate inputs for a sample of up to 40 developed and developing countries. Results suggest that such spillovers are...
Persistent link: https://www.econbiz.de/10011118667
This report investigates the impact of trade structure and trade specialization on long-run development patterns in a heterogeneous set of countries, including most OECD countries, developing and rapidly industrializing Asian and Latin American countries as well as ten Central and Eastern...
Persistent link: https://www.econbiz.de/10009649626
This paper analyses two issues that were characteristic of the global growth processes of the 1980s and 1990s (i) an important diffusion process of a new general purpose technology (GPT) and (ii) a speed-up of catching-up of a sub-group of developing economies (South East Asia, later China and...
Persistent link: https://www.econbiz.de/10009649649