The objective of the paper is to contribute to an explanation of Russia's economic decline during its transition to capitalism. The authors argue that, to an important degree, the dismal performance of the Russian economy stems from the overall vision underpinning the transition to capitalism,...

The objective of the paper is to contribute to an explanation of Russia's economic decline during its transition to capitalism. The authors argue that, to an important degree, the dismal performance of the Russian economy stems from the overall vision underpinning the transition to capitalism,...

Gross domestic product continued to grow in 2002, faster than in the economies of most of the Czech Republic's major partners, albeit at a slower pace than in 2001. The major driving force of economic growth was private consumption, followed by government consumption. Investment demand...

In 2004, the Czech economy continued in solid growth. Slight acceleration of economic growth was driven in particular by strong investment demand and improving performance of the foreign trade with goods. On the other hand, due to slowdown in real wages, consumer demand weakened. 2004 was the...

In 2003, the economic growth moderately accelerated. The main factor of this acceleration was massive household consumption accompanied by the revival of fixed capital formation. Gradual narrowing of the gap between consumer and investment demand was one of major achievements of 2003, supporting...

The author discusses important strategic aspects of the economic development of Bulgaria until 2020. On some key issues the analysis penetrates further in the following decades. As it was 100 or 50 years back, as well as at present, Bulgaria was and is among the last in Europe in terms of the...

This paper examines the direct sources of economic growth and development in 10 post-socialist Central and East European countries in the period from 1995 to 2012. We perform an empirical analysis relying on the methods of growth accounting and development accounting. The results of the growth...

Die europäische Integration, die in den 1950er Jahren einsetzte, zielt auch darauf ab, die Wirtschaftskraft der teilnehmenden Volkswirtschaften anzugleichen. In den vergangenen sechs Dekaden zeigte sich insgesamt eine absolute und relative Erhöhung der Pro-Kopf-Einkommen der zuvor ärmeren...

The economic crisis affected the Central and Eastern European economic spatial structure and reshaped perspectives at the European Union and international levels. Whereas Western Europe's stable economic system has entered maturity, Eastern Europe's economic landscape is still constantly...

The economic crisis affected the Central and Eastern European economic spatial structure and reshaped perspectives at the European Union and international levels. Whereas Western Europe’s stable economic system has entered maturity, Eastern Europe’s economic landscape is still constantly...