A functioning Belarus-Russia-Kazakhstan Customs Union (BRK-CU) would comprise the bulk of the FSU economy and represent a significant step towards an attempted re-integration of the FSU – even more so if Ukraine were also to join. There are still important structural differences in...

After fifteen years of economic transformation, Moldova still remains a mostly agrarian country. The industrial sector is only successful in connection with agriculture (such as the production of food or beverages). The country's agrarian structure seems to be a legacy of Moldova's former role...

Within the EU, taxation and the EU's eastern enlargement are currently seen as one of the most important problems to be solved and projects to be realized. Each of these two topics covers a vast set of issues which have to be dealt with. At the same time only few attempts have been made to...

The very basis of macroeconomics is the circular flow of expenditures and incomes. From this follows the conclusion that it is demand which determines supply and not vice versa. The most paradoxical result of this approach is the hypothesis that investment finances itself by quantity adjustment,...

GERMAN: Die im August 2007 ausgebrochene Finanzkrise erfüllt alle Kriterien einer systemischen Bankenkrise. Zahlungsschwierigkeiten häufen sich, die Kapitalisierung von Banken sinkt und Aktienkurse fallen, während die realen Zinssätze steigen. Ausschlaggebend für diese Entwicklungen ist der...

Zusammenfassung Die merkliche Wachstumsbeschleunigung, die 2004 in fast allen MOEL zu beobachten war, ging auf unterschiedliche Faktoren zurück. Die meisten Länder verzeichneten ein robustes Wachstum der Binnennachfrage. Die neuen EU-Länder profitierten auch von der relativ guten Konjunktur...

Zusammenfassung Die Konjunkturbelebung in der EU 15 trug 2006 zu einer Beschleunigung des Wirtschaftswachstums in den MOEL bei. Während in den neuen EU-Ländern in Mitteleuropa der Außenhandel kräftig wuchs und eine weitere Aufwertung bewirkte, geht die Dynamik in den meisten anderen MOEL vor...

In this paper is estimated the wage gap between the public and the private sector in Serbia, for women and men separately. The results show that, with advance of the transition, the public sector generates wage premium for those who work in that sector compared to the employed in the private...

The article analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. The mutual benefit of low real interest rates, to both equity and economic development is a major result of this paper. In terms of public spending items we...

We analyse the extent and evolution of informality and inequality in the Serbian labour market between 2002 and 2007, using data from the Living Standard Measurement Surveys (LSMS). Two surprising results emerge. First, the level of informal employment has risen significantly over the period,...