Capital markets are regarded as “the barometer” of economic activity at the national level, but among emerging markets, the position of this segment in the economy is far from ideal. The answers that we try to offer are concerning the contribution of capital markets to the economic welfare...

The purpose of this paper is to asses the weight of human capital and gender equality in explaining the bilateral FDI inflows to 11 Central European economies. The group comprises the ten countries that acceded to the EU in 2004 or 2007 and Croatia which is a candidate country since 2004. The...

This paper describes recent changes in the Lithuanian economy and the energy sector. It presents a methodology of energy planning in Lithuania, and describes the main principles of energy demand forecasting based application of econometric models and the simulation MAED model. It also presents a...

Entrepreneurship is most often treated as a process aimed at starting business activity and determined by a number of economic and non-economic factors. Their influence differs and usually depends on economic development of a given country. The paper is aimed at analysing factors that determine...

The author carries out systematic research on economic transformations of the Southern Macro-region in context of transformation, privatisation and restructuring processes. The work presents risks in development of enterprises – Silesian exporters of the South Macro regions experience from the...

We introduce financial frictions in a two sector model of international trade with heterogeneous agents. The level of specialization in the economy (economic development) depends on the quality of financial institutions. Underdeveloped financial markets prohibit an economy to specialize in...