This paper constructs an indicator for the current level of international competitiveness of countries in transition. We find that Hungary is the most competitive country in the group while Turkmenistan is the least. Competitiveness measurement, in our view, is a way to use uniform criteria to...

According to the traditional 'optimum currency area' approach, not much will be lost from a very hard peg to a currency union if there has been little reason for variations in the exchange rate. This paper takes a different approach and highlights the fact that high exchange rate volatility may...

Using Solow-Törnqvist residuals as well as two alternative measurements, we present estimates of total factor productivity (TFP) growth in a sample of 30 European economies for the period 1994-2005. In most of Western Europe, we find a deceleration of TFP growth since 2000. However, the...

Why many transition economies succeeded by pursuing policies that are so different from the radical economic liberalization (shock therapy) that is normally credited for the economic success of central European countries? First, optimal policies are context dependent, they are specific for each...

Based on two detailed Balassa-Samuelson (BS) studies, Wagner and Hlouskova (2004) for eight Central Eastern European countries (CEECs) and Wagner and Doytchinov (2004) for ten Western European countries (WECs), this study assesses the differences and similarities of the BS effect between these...

Malmquist total factor productivity (TFP) index has been extensively applied in the literature to measure productivity growth decomposition. This study applies a parametric decomposition of a Generalized Malmquist TFP index to measure and compare the levels and trends in agricultural...

Eine präzise Darstellung des seit 1989 andauernden Übergangs von der Plan- zur Marktwirtschaft (sowie von der kommunistischen Diktatur zu Demokratien westlicher Prägung) in Mittel- und Osteuropa würde den Rahmen der vorliegenden Arbeit sprengen, die nicht den eigentlichen...

Die Verbreitung der neuartigen Krankheit COVID-19 stellt alle Volkswirtschaften rund um den Globus vor gesundheitliche und wirtschaftliche Herausforderungen. Von der Pandemie und den Maßnahmen zur Eindämmung der Ausbreitung des Coronavirus sind internationale Wirtschaftsbeziehungen besonders...

This paper presents an empirical analysis of the economic growth paths in two groups of countries. The first group consists of ten Central and Eastern European (CEE) countries. The second group constitutes a benchmark and encompasses 29 emerging economies in other regions of the world. Our...

In this paper we determine the industry 4.0 (I4.0) readiness of eight Central and Eastern European countries (CEECs): Bulgaria, the Czech Republic, Lithuania, Hungary, Poland, Romania, the Slovak Republic and Slovenia. We outline the nature of manufacturing in the region, describe three distinct...