In this study, we analyse the sustainability of fiscal policy of EU member countries within the panel cointegration and error-correction frameworks. Unlike the previous empirical papers in this area, we apply the test for panel cointegration between the primary budget deficit and the public debt...

This paper empirically investigates the differences in the motives of raising privatisation proceeds for a panel of EU countries from 1990 to 2000. More specifically, we test whether privatisations can be mainly interpreted (a) as ingredients of a larger reform package of economic liberalisation...

The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why privatization is useful as well as profitable for an...

The paper aims at comparing the formal and informal labour markets in the Central and Eastern European new EU Member States and candidate countries of the European Union. First, the current situation of the labour market is described, focusing on the recent developments since the breaking up of...

Schriftliche Fassung eines Vortrages anlässlich der Tagung zum Thema "Deregulierung und Privatisierung: Erfahrungen Problem-Potentiale" des Wirtschaftspolitischen Ausschusses des Vereins für Socialpolitik vom 27.-29.03.2001 an der Universität St. Gallen, St. Gallen, CH.

Das institutionelle Arrangement eines Landes ist zu einer Standortfrage und zu einer Frage der langfristigen Wettbewerbsfähigkeit einer Ökonomie geworden . Ein stabiles und günstiges makroökonomisches Umfeld ist eine wesentliche Voraussetzung für erfolgreiche wirtschaftliche Tätigkeit von...

In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics - the discrepancy method and two new micro survey methods - are described and a...