The fears of a sovereign debt crisis and the consequent lack of confidence, indicated by a widening of bond yield spreads and risk insurance of credit default swaps, have transformed a financial crisis to an economic crisis in Greece, affecting its productive bases and its income level. Up to...

The Eastern Enlargement of the EU saw a proliferation of association agreements with countries in the Ônear abroadÕ under EUÕs European Neighbourhood Policy framework. Although such agreements are considered to be strictly welfare-enhancing, there is very little evidence to show their...

Peripheral European economies are often characterized by unfavorable structural regularities and geographical coordinates, making the process of economic integration an experience possibly associated with welfare losses at the regional level. Such types of arguments are at variance with the...

The Eastern Enlargement of the EU saw a proliferation of association agreements with countries in the ‘near abroad’ under EU’s European Neighbourhood Policy framework. Although such agreements are considered to be strictly welfare-enhancing, there is very little evidence to show their...

The paper assesses on empirical grounds the level and the evolution of regional inequalities in each European Union new member-state (EU NMS) and examines the possibility for the emergence of regional convergence clubs. The experience of the EU NMS is a unique situation, where relatively closed...

The European economic landscape has changed dramatically during the last decade, following the collapse of the bi-polar world. The parallel and interacting processes of economic integration and transition are the driving forces of these changes. In this context, the EU new member-states...

This research analyses the effects of international trade, relative specialization and regional industrial structure on Greek regional employment growth over the 1995-2003 period. For this purpose, it employs trade-adjusted shift-share analysis, along with linear model extensions. The results...

The process of Central and Eastern European Countries’ (CEEC) transition from central planning to market economy has resulted in industrial restructuring and labor reallocation across branches and regions. The paper identifies patterns of industrial activity in Bulgaria, Romania, Slovenia,...

The European Neighborhood Policy (ENP), launched in 2004, is a unified EU policy framework towards the EU neighboring countries (ENP countries). The objective of the ENP is to strengthen the prosperity, stability and security of the (enlarged) EU and the ENP countries, creating a "ring of...