A bi-directional relationship between FDI and economic reforms in ten Central European countries is tested, along with the role of the EU in breaking a potential vicious circle of insecurity, little investment, slow reforms, low prospects of EU membership and hence high insecurity. Using panel...

Green growth is now a central theme of the international climate change negotiations. The Rio+20 Conference in June will concentrate on green growth as one of its main priorities. The Europe 2020 strategy has identified green growth as a fundamental pillar of EU economic policy. This Forum takes...

It is the object of considerable debate in Western scholarship whether an authoritarian political order dominated by a strong communist party can continue to exist in China given the many challenges stemming from internal reform and the impact of globalization. Will China eventually turn...

This paper applies an analytical paradigm of institutional economics to the transition of the Russian banking sector, focusing on the interplay between ownership change and institutional change. We find that the state's withdrawal from commercial banking has been inconsistent and limited in...

This study comprises an introductory section and three essays analysing Russia's economic transition from the early 1990s up to the present.The papers present a combination of both theoretical and empirical analysis on some of the key issues Russia has faced during its somewhat troublesome...

Using German administrative data, we study across-regime low-pay persistence in the context of an economic transformation process. We first show that individuals' initial allocation to the post-unification low-wage sector was close to random in terms of market-regime unobservables. Consistent...

The digital economy has been growing exponentially in recent years thanks to new technologies that are promoting a global transformation. Key technologies responsible for this transformation have become the subject of intense discussions under the umbrella term 'fourth industrial revolution'....

Seit mehr als zehn Jahren werden die Problemlagen durch das Überschreiten der planetaren Grenzen zunehmend offensichtlicher. Sie verdeutlichen mehr denn je die Dringlichkeit und Notwendigkeit einer Großen Transformation, die strukturelle Veränderungen einschließt. Die Große Transformation,...