A bi-directional relationship between FDI and economic reforms in ten Central European countries is tested, along with the role of the EU in breaking a potential vicious circle of insecurity, little investment, slow reforms, low prospects of EU membership and hence high insecurity. Using panel...

This paper analyzes pension reforms in Europe and their determinants. As pension reforms are intrinsically difficult to define and pinpoint, we introduce an alternative measure of pension reforms by comparing long-term forecasts of pension expenditures for seventeen European countries. The...

This paper provides the quantitative estimate of the potential growth bonus for CIS countries, and in particular EU's Easter Neighbours, that can be a result of deeper institutional harmonisation with the EU. Econometric investigation involving instrumental variable, simultaneous equation and...

This paper analyzes pension reforms in Europe and their determinants. As pension reforms are intrinsically difficult to define and pinpoint, we introduce an alternative measure of pension reforms by comparing long-term forecasts of pension expenditures for seventeen European countries. The...

China's transition from a planned to a market economy has been very successful, although the reforms have been quite different from those proposed by most Western observers. Despite the fact that property rights were not well defined or formally secured, and that one party dominated the...

The paper deals with main directions of Russia's economic policy in the first half of 2000's. The author speaks about the outcome of economic reforms which took place during the period. He also draws conclusions on what the future economic policy may be

This article discusses public sector reform in North America and Western Europe. The argument is made that recent comparative literatures have yet to adequately consider governments themselves, and how changes to their budgeting, operation, and collective bargaining structures have affected jobs...

Following the inconclusive results of the Greek election on May 6th 2012, talk of a Greek exit from the Eurozone (known as Grexit in the financial press) has dominated international media. A lot of discussion however by policy makers, political and economic commentators in Greece and...

This paper explores the institutional and human-nature determinants of financial investment behavior across households from 25 European countries by employing the seventh wave of the SHARE-ERIC survey. We find that households' investment behavior in shares or stocks is strongly associated with...

With an estimated total of US $1.2 trillion under management, the two top Chinese sovereign wealth funds (SWFs) are a force to be reckoned with globally. Thus far, their investment exposure to European assets (an average of US$4.0 billion annually in 2009-2013) has been insignificant and has not...