This paper suggests an alternative way of measuring export instability, based on changes in the geographical structure of a country’s exports. Regression analyses indicate that there is a negative link between the level of export instability and the country’s share of world exports. On a...

In a path-breaking but largely overlooked study, published in a festchrift thirty years ago (1975), Herman Van der Wee provided a comparison of prices and real wages of building craftsmen in the regions of Antwerp and south-eastern England, from 1400 to 1700. To do so, he constructed a composite...

V predkladanom článku sa zaoberáme problematikou volatility zahraničného obchodu. Konštatujeme neexistenciu univerzálne prijímaného indikátora volatility a navrhujeme spôsob výpočtu takéhoto indikátora. Skúmame vzťah medzi podielom krajiny na svetovom obchode a relatívnou...

Understanding what determines Foreign Direct Investment (FDI) inflows remains a primary concern of economists and policy makers; yet, the uncertainty surrounding FDI theories and empirical approaches has created much ambiguity regarding the determinants of FDI. This paper undertakes an...

The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...

Purpose - This paper introduces previously missing financial components(efficiency, activity and size) in the assessment of the finance-investment nexus. Design/methodology/approach - VAR models in the perspectives of VECM and short-run Granger causality are employed. Usage of optimally...

This paper introduces previously missing financial components(efficiency, activity and size) in the assessment of the finance-investment nexus. Using VAR models in the perspectives of VECM and short-run Granger causality, three broad findings are established: (1) while finance led investment...

This paper investigates the effects of horizontal acquisitions on the productive efficiency of target firms in the 1990s. Using French manufacturing firm-level data, we implement appropriate difference-in-difference estimation techniques associated to a matching propensity score procedure. We...

This paper investigates the effects of horizontal acquisitions on the productive efficiency of target firms in the 1990s. Using French manufacturing firm-level data, we implement appropriate difference-in-difference estimation techniques associated to a matching propensity score procedure. We...

I review the crises and contagion literature as it has been formed during the last decade. The focus of the paper is to describe the main channels through which crises spread as they have been described in empirical studies and then present theoretical papers that support those views....