I estimate the elasticity of substitution between capital, labour and energy in Central and Eastern European countries to make CGE models more accurate. The CGE models often use elasticity of substitution of production factors estimated for another countries or average of elasticities taken from...

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...

After satisfactory performance of the transition countries in 2000, their growth slowed down in 2001 as the external conditions deteriorated. This tendency was checked in the second half of 2002. Industrial production and exports have generally strengthened since then - though in some countries...

The purpose of this paper is to illustrate the entrepreneurial activities in which Croatian small and medium enterprises operate, as well as the obstacles and constraints that hinder a faster development of entrepreneurship, and to offer solutions to improve entrepreneurial activities in the...

The most recent enlargement of the European Union, which incorporated post-communist countries from Central and Eastern Europe (CEE), placed relatively little emphasis on the equal opportunities of men and women. However, acceding countries were required to implement Chapter 13 (‘Employment...

Romania’s management consultancy market developed significantly in recent years. In order to assess this development, it has to be taken into account the fact that there are strong influence factors, of both national and international origin. Romania’s accession to the European Union is...