Like most of the global economy, Austria suffered from recession in 2008-2009. In this paper we deconstruct the pattern of recession, and the transmission of the global recession to Austria's economy. We provide a new a new breakdown of the value added in Austrian exports, tracing both upstream...

In this paper we do a detailed analysis of Austrian gross export data at the industry level in order to detect potential trade specialisation lock-in effects vis-à-vis the countries from Central, East and Southeast Europe (CESEE). In addition we analyse Austrian global value added export...

Since the Eastern enlargement of the EU in 2004, Austria has lost global export market shares. At the same time exports to Central, East and Southeast Europe (CESEE) have gained a significant portion of Austria's total exports. Moreover, in recent years Austrian GDP growth has slowed down and...

This policy paper, prepared as part of the Background Study for the European Competitiveness Report 2009, analyses the external trade in goods and services between the EU and the BRICs. The paper starts with the analysis of the global position of the EU and the BRICs in world trade (using the...

Twenty-five years after the dissolution of the Soviet Union, Belarus stands out as a special case in transition blending, on the one hand, signs of relative prosperity, socially oriented policies and sprouts of entrepreneurships and, on the other hand, remnants of the communist past. The core of...

This study provides a systematic assessment of the costs of the ongoing armed conflict in the Donbas region of Ukraine. By combining the pre-war geographical distribution of fixed capital with data on battle intensity, survey evidence on household damage in the conflict-affected areas and novel...

The report gives an overview of the overall trends in output and employment in Croatia, and of the country's fiscal and external sectors. It concentrates in more detail on the manufacturing sector and its competitiveness in comparison with developments in other Central, East and Southeast...

Having reached a peak in 2002, Croatia's GDP growth lost momentum thereafter due to restrictive economic policy measures prompted by rising external and internal imbalances. The current account deficits, averaging 6-7% of the country's GDP over the past few years, were primarily the consequence...

The main question addressed in this study is the performance of the labour markets in the Western Balkans. The aim is to find out whether they can deliver growth of employment and decline of unemployment in the medium run and whether they can withstand short-term shocks due to changes in demand...

In the period after the political changes in the year 2000, GDP growth in Serbia was rather rapid and compares favourably with other transition countries in Southeastern Europe. It was driven mainly by the expansion of services, with industrial production and agriculture basically stagnating...