In the last years, Baltic countries joined or prepare to join the European Monetary Union. Accession comes in a time, were trading share between these countries and the Eurozone are declining. From a theoretical point of view, the optimality of currency unions depends on bilateral trade between...

This article uses Andreas Wimmer’s model of ethnic boundary making to examine ethnic boundaries among the Russian-speaking minorities in Lithuania and Latvia, two countries with contrasting integration policies. We argue that the exclusive inte-gration policies of Latvia, particularly with...

During the early stages of transition from socialism to capitalism, transition countries experienced a sudden and big initial recession. In the transition period, they look for substantial amounts of finance in order to reverse their negative growth performances. In this context, foreign direct...

This paper shows that in the Baltic countries, commuting reduces urban- rural wage and employment disparities and increases national output. To quantify the effect of commuting on wage differentials, two sets of earnings functions are estimated (based on Estonian, Latvian, and Lithuanian Labor...

Foreign loans represent an attractive source of external financing for countries with relatively low domestic capital base while in developed economies it is considered to be a suitable form of investment for foreign investors in investment portfolio creation. As an additional source of capital...

We use Lithuanian, Latvian and Estonian LFS data (2002-2007) complemented with several other surveys to compare the profile of Baltic temporary workers abroad before and after EU accession with that of stayers and return migrants. Determinants of migration and return, as well as selection issues...

This paper explores the business cycle in Bulgaria and the Baltic countries: Estonia, Latvia and Lithuania during the 1993-2005 period. The paper aims at deepening the understanding of the nature of output fluctuations. The neoclassical approach will be employed, much in the spirit of the real...

This paper investigates the relationship among exports, investments and economic growth, in the three Baltic countries which have recently joined the European Union. The purpose of this paper is to examine the long run relationship between these variables using quarterly data for the period...