This paper investigates the process of GDP generation in former Soviet Union (FSU) economies to provide an understanding of the impact of technology channels on countries' efficiency. We apply a stochastic frontier approach to 15 FSU economies over the period 1995–2008 and find that FDI and...

"In the United States powerful job gains have been achieved in the last 25 years. In contrast the number of jobs in the European Union has increased comparatively little. At the same time unemployment has grown in two phases in the European countries whereas it remained at a comparatively low...