The dark side of the Balkans (the shadow economy in Southeastern Europe) (by Edward Christie and Mario Holzner) Are CEECs trapped in low-quality export specialization? (by Uwe Dullek, Neil Foster, Robert Stehrer and Julia Wörz) Do interest rate differentials determine the movements in the...

This paper seeks to analyse the state of rail and road transport infrastructure in the Southeast European Countries (SEECs). The paper is structured in four parts. Part one summarises theoretical findings and international empirical evidence on the theory of the ‘Big Push’, on the issues of...

This paper seeks to give an overview of the major issues connected to international trade for the countries of Southeast Europe. In its first part the paper revisits the issues of bilateral trade patterns and trade composition in Southeast Europe and looks at recent developments in terms of...

This paper seeks to give an overview of the major issues connected to international trade for the countries of Southeast Europe. In its first part the paper revisits the issues of bilateral trade patterns and trade composition in Southeast Europe and looks at recent developments in terms of...

This paper presents and applies a new indicator of the size of the shadow economy based on the estimation of tax compliance in the household sector. These estimates are performed for the countries of Central, Eastern and Southeastern Europe using 2001 data. Estimates of income declaration rates...

Carbon Capture and Storage (CCS) is the process whereby the combustion of fossil fuels is modified so as to capture the bulk of the CO2 that would otherwise be emitted, compress it, transport it, and then store it permanently in geological formations underground (or under the seabed). CCS has...

This study provides an overview of the most important economic and trade policy impacts of high oil prices in the European Union. The potential reasons for recent oil price increases are briefly discussed, followed by a review of the macroeconomic effects of higher oil prices, namely on growth,...

This study seeks to answer two questions first, which countries and industries within the EU-15 group of countries are most vulnerable to possible supply shocks with respect to crude oil and with respect to natural gas and, second, what is the current state of the EU's debate on Europe's energy...

This study computes estimates of tax compliance in selected European countries for value added tax, excise tax, personal income tax and social security contributions, using national accounts data together with data on official tax structures and revenues. These estimates are then analysed to...