Economists have difficulties to conceptualise and model the relationship between macroeconomic policy and industry change. This paper explores the relationships between industry cost structures and macroeconomic regimes in central and east European countries (CEECs). It finds that the cost...

Economists have difficulties to conceptualise and model the relationship betweenmacroeconomic policy and industry change. This paper explores the relationshipsbetween industry cost structures and macroeconomic regimes in central and eastEuropean countries (CEECs). It finds that the cost...