Transitional period in the post-Communist countries is ended. Acceptance to the EU of the majority of countries in Eastern Europe and the Baltics has in essence already been decided. Unfortunately the economic (and not only economic) system of CIS countries is far from European style of...

Why Communism has not survived? Is it possible to introduce the dimensions of eternality for its revival? These need thought provoking and a deep-sea dimensional analysis. Hence, it is bound the boggle the mind of the person who asked the question, and who ventures to answer it. This should have...

After the collapse of communism, political elites in Central and Eastern Europe (CEE) implemented economic reforms that were largely inspired by the prevailing neoliberal paradigm. One of the consequences of these reforms was that the region's economies became very open to foreign direct...

We find that productivity gains in tradables cause an appreciation of the real exchange rate via both tradable and nontradable prices in the CEE-5 and have no affect in the Baltic countries, while they lead to a depreciation of the real exchange rate of tradables in OECD economies that...

One of the fundamental goals of European integration is to provide less-developed member states opportunities for convergence and strengthen economic and social cohesion. Before the crisis the convergence process was impressive in the new member states. This success raises the question of how...

Building on a model that integrates reforms into exogenous and endogenous growth models, this paper designs an econometric model of the interplay between economic reform measures, political decisions and economic performance. Several key hypotheses about transition are tested using two-stage...

The post-2008 slowdown in economic convergence by countries of east central Europe towards the level of western Europe is interpreted with the help of a concept of dependent capitalism. Convergence appeared to be rapid up to that year, but then stalled, albeit with differing results depending on...

The paper analyzes the institutional architecture and the effects of product market competition in 11 countries of Central and Eastern Europe (CEE). The aim of the research was to find out how similar or dissimilar are the CEE countries in the area of product market competition compared with the...

The purpose of this paper is to study the equilibrium real exchange rate (ERER) in 5 CEE transition economies, namely the Czech Republic, Hungary, Poland, Slovakia and Slovenia. In so doing, we combine the fundamental equilibrium exchange rate (FEER) approach developed by Williamson (1994) with...

In this article we study the fundamental macroeconomic determinants of both the inflation-based (i.e., CPI) and the tradable price-based (i.e., PPI) real effective exchange rate in five acceding countries from Central and Eastern Europe, that is, the Czech Republic, Hungary, Poland, Slovakia,...