This paper studies the impact of exogenous and endogenous shocks (exogenous shock is used interchangeably with external shock; endogenous shock is used interchangeably with domestic shock) on output fluctuations in post-communist countries during the 2000s. The first part presents the analytical...

In this paper, we apply global value chain (GVC) analysis to recent trends in the global automotive industry. We focus on how the recent economic crisis has accelerated pre-crisis trends towards greater importance of the industry in the developing world. The regional structure of production in...

This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the productivity performance of domestic firms in three emerging economies of Central and Eastern Europe, Bulgaria, Romania and Poland. To this end a unique firm level panel data...

The change of regimes in former Soviet Bloc provides an opportunity to study the neoclassical growth theory in a region of the world that was excluded before because of the presence of centrally planned economies. A concern is whether these newly formed economies are converging to a unique...

The change of regimes in former Soviet Bloc provides an opportunity to study the neoclassical growth theory in a region of the world that was excluded before because of the presence of centrally planned economies. A concern is whether these newly formed economies are converging to a unique...

The recent economic crisis caught many by surprise. Yet some firms were better prepared to weather the downturn than others. Using a unique micro dataset of shareholding companies from emerging countries in Eastern and Southern Europe derived from the World Bank's Enterprise Surveys, we...