This paper studies the impact of exogenous and endogenous shocks (exogenous shock is used interchangeably with external shock; endogenous shock is used interchangeably with domestic shock) on output fluctuations in post-communist countries during the 2000s. The first part presents the analytical...

This paper contributes to the literature by examining evolution of voluntary environmentally sustainable practices (ESPs) in the US carpet industry. The case illustrates the importance of an integrated and multi-stakeholder industry group – Carpet America Recovery Effort – in supporting use...

In this paper, we examine the macroeconomic impact of the high oil price era between 2003 and mid-2008 on the Swiss economy. Using a medium-scale disequilibrium macroeconometric model, we focus not only on the effects of oil prices on the real GDP growth but also on their effects on demand-side...

Financial development has a major role in the sustainable economic growth of Central and Eastern European emerging countries, particularly after their political and structural changes. These changes required a reform of financial sectors of these countries, such as capital market development,...

Empirical analysis of the real convergence between old (EU15) and new (EU8) economies is the basic focus of this paper, which should importantly contribute to the extensive empirical literature. The basic motivation for the present analysis is mixed results regarding the convergence process...