The article analyses interaction of monetary policy of the European Central Bank and fiscal policies of the 12 first members of the Eurozone. The actual conduct of these economic policies from 1999 to 2008 has been assessed. We are using different versions of the Taylor rule to assess the stance...

Following the new strand in the new trade theory literature that focuses on firm heterogeneity initiated by the Melitz [2003] model, in this paper we investigate the determinants of export activity of firms in the Visegrad-4 countries. The study covers the Czech Republic, Hungary, Poland and...

This paper investigates the impact of specialization, diversification, and competition externalities on the regional growth of employment in the high-tech industries of the European Economic Area (EEA). A dynamic panel dataset of two-digit NACE rev 1.1. industries in the EEA regions is used in...

This article investigates the macro-economic effects of the inflow of direct foreign investments for the economy of the host country with the use of a three-factor model of general equilibrium. In the analysis three kinds of effects connected with the activity of international enterprises were...

In the paper, the impact of the operation of international corporations on the exports of domestic firms is investigated in the regional context. One of the often mentioned advantages accompanying the inflow of direct foreign investment to countries undergoing systemic transformation is the role...

This article investigates the role of direct foreign investments in the regional diffusion of intellectual capital in Poland. The empirical results obtained on the basis of the labour market analysis suggest that wages are higher in those regions of Poland which are characterized by greater...

Using panel data on the level of the 3-digit EKD group in this article we investigate the relation between industrial production and export in Poland and we carry out a decomposition of the sources of production growth. The obtained empirical results suggest that at the basis of this relation...