Graph of the month Share of foreign value added in the exports of selected countries Opinion corner What might be the economic consequences of a potential territorial break-up of Ukraine? (by Vasily Astrov) Trade integration, vertical specialisation and employment growth in the new Member States...

Graph of the month Europe Brent Spot Price, fob per barrel, in current USD and euro and real year 2005 euro (p. 1) Opinion corner Russia-Ukraine conflict do Western sanctions have any effect? (by Vasily Astrov, Vladimir Gligorov, Peter Havlik, Michael Landesmann and Olga Pindyuk; pp. 2-6)...

Despite the proclaimed return of industrial policy (Wade, 2012) state aid provided by EU Member States remains at a historically low level. This is partly explained by the unique institutional arrangement in the EU which empowers the European Commission to monitor and restrict state aid...

Croatia’s EU membership and the dilemma of state aid (by Roman Stöllinger; pp. 1-7) Keywords state aid, industrial policy, shipyards Countries covered Croatia Topics Macroeconomic Analysis and Policy Panel data analysis of the CEECs tracing growth determinants over time (by Doris Hanzl-Weiss;...

Twenty years of transition (by S. Richter; pp. 1-8) Keywords transition Countries covered New EU Member States Topics Macroeconomic Analysis, Forecasts and Policy Vertical integration of trade with China (by R. Stöllinger; pp. 9-13) Keywords trade, integration Countries covered China, EU-27...

Higher global grain output but still fairly high food prices (by Zdenek Lukas; pp. 1-4) Keywords agricultural production, demand for food, food prices, biofuels Countries covered Wider Europe Topics Sectoral studies The speed of catch-up depends on human capital (by Roman Stöllinger; pp. 5-9)...

(Reprint from 'Österreichs Außenwirtschaft 2008', commissioned by the Austrian Federal Ministry of Economics and Labour (BMWA) in the framework of the Research Centre International Economics (FIW) and funded under the internationalization programme 'go international') Zusammenfassung Die im...

Technology is a key element for long-term growth and economic development. Given the stark concentration of innovation activities in a few countries most countries have to rely on the international diffusion of newly developed technologies. Some countries may fail to successfully perform the...

(Report based on Background Study for European Competitiveness Report 2012, see http //ec.europa.eu/enterprise/policies/industrial-competitiveness/competitiveness-analysis/european-competitiveness-report/index_en.htm) Summary Countries belonging to the European neighbourhood are highly diverse....

Introduction Reflecting the diversity of countries in its neighbourhood, the European Union (EU) has established different cooperation processes, institutional arrangements and forums for its discussions with these countries. Each form of cooperation is characterized by its own dynamics,...