The aim of this paper is to develop a comprehensive analysis of the shock therapy model of transition. As such the model requires an analysis of what I define as the primary elements: economic analysis, definition of a good society, speed, political structure, ideological structure and initial...

The aim of this paper is to develop a comprehensive analysis of the shock therapy model of transition. As such the model requires an analysis of what I define as the primary elements: economic analysis, definition of a good society, speed, political structure, ideological structure and initial...

In this paper, we employ a block structured near-vector autoregression in order to compare the reactions to euro area shocks in four new member states (Bulgaria, Hungary, Czech Republic and Romania) and in the old member states of the EU. The methodology adopted also allows us to study the...

The European Union and the MENA countries fostering North-South economic integration (by Sándor Richter; pp. 1-5) Keywords North-South, economic integration Countries covered European Union, MENA Topics Labour, Migration and Income Distribution Europe's position in trade in knowledge-intensive...

A few reflections on fiscal and monetary policy in the euro area (by J. Pöschl; pp. 1-3) Keywords fiscal policy, monetary policy, euro area Countries covered EU Topics Macroeconomic Analysis and Policy; International Trade, Competitiveness and FDI Unit labour costs, exchange rates and responses...

In our brief study, we try to address one of these market inefficiencies, by studying the Indian retail sector, which has posed as a structural defect causing a political battle rather than an economic one. We take a historical outlook to the contribution of retail and wholesale sector in our...

A central goal that has eluded most countries in sub-Saharan Africa is to effectively manage their natural resources, develop diversified and prosperous economies, and as a result, improve the standard of living of their citizens. This paper draws from the framework of diversification and...

Unstable Balkans (by Vladimir Gligorov; pp. 1-4) Keywords political tensions, unemployment, austerity Countries covered SEE Topics Macroeconomic Analysis and Policy Not a very Greek tragedy (by Jan Toporowski; pp. 5-7) Keywords public debt, financial market, monetary policy, currency union...

We examine the tax-growth nexus in Zimbabwe using parametric and non-parametric analysis. We use a two-stage estimation procedure that first generates efficiency scores for the country using a Data Envelopment Approach. We use the efficiency scores in the second stage to normalise growth to get...

This study is a synthesis of the authors' research on the application of the Investment Development Path (IDP) concept to Poland. The IDP is investigated from the point of view of its general trajectory as well as its geographic and industry/sector idiosyncrasies. Collected data cover a time...