The Central and Eastern European states, recently accessed or acceding to the European Union are undergoing civil service reform processes incorporated in the general public administration reforms. Based on the necessity to promote good governance, the strategies of reform have been designed and...

The Greek sovereign debt crisis has raised some important issues, not only with regard to the effectiveness of the Economic and Monetary Union (EMU) as an optimal currency area, but also as to whether or not a member state should exit the euro zone in the face of unsustainable debt problems,...

This paper outlines a framework describing the tradeoff between inefficient markets, politics, and jurisdictions, and applies it to the problem of jurisdictional design. An extension of the Coase theorem is first presented describing how the relative imposition of transaction costs and wealth...

The paper discusses the relations between fiscal policy, savings, capital formation and growth in transition economies. In the 1990s they have suffered significant recession and persistent imbalances. Fiscal policies were aiming mainly at the structural adjustment, liberalization and...

Purpose -The purpose of this paper is to analyse whether innovators perceive corruption to be systematically more important than non-innovators across different post-transition EU countries. Design/methodology/approach -We use the Business Environment Survey (BEEPS V) data. The sample consists...

Five generic reforms, price liberalization, property privatization, macroeconomic stabilization, microeconomic restructuring and trade liberalization, are integrated into both exogenous and endogenous growth models. This integration allows one to assess the implications of each reform for a...

Innovation systems abroad become more and more important to multinational enterprises (MNEs) as sources of knowledge and technology. On the other hand, MNEs’ foreign subsidiaries can be considered agents of technological and economic development in their target location region. Applying a...

The aim of this paper is to analyze the technological activities of Central and Eastern European (CEE) economies and to compare them with the technological activities of other world regions. Using data from the EPO World Wide Statistical Database for the period 1980-2009 the analysis is based on...

This paper aims to explore the effect of financial innovation on economic growth in 28 transition countries from 2004 to 2021. Financial innovation is categorized based on the structure of the financial system, including commercial banks, non-commercial banks and financial markets. By applying...