This paper aims to test empirically if certain frequently used measures of well-being, which are regarded as valuable properties of human life, are actually desired by people. In other words, it investigates whether the “expert judgments” in social science overlap with social consensus on...

The evolving and diverging challenges for the well-being of children after two decades of transition are examined. Following a long period of sustained economic growth and gradual improvements in living standards, the global economic crisis is now threatening to reverse some of the recent...

Die Wirtschaft der DDR war eine Ökonomie des Mangels. Im Jahr 1989 stand sie nicht weit vom Abgrund entfernt - paradoxerweise deshalb, weil die DDR über ihre Verhältnisse gelebt hatte. Im Zentrum der Politik stand über viele Jahre die konsumtive Verwendung der Wirtschaftsleistung; der Konsum...

In the academic literature some criteria have been identified which could have an impact on the success of the transition process, such as macroeconomic stability, microeconomic restructuring and implementation of legal and institutional reforms. The role of the exchange rate system in general...

This paper reviews the urban redevelopment activities in Shanghai as the land market reforms were introduced. We focus on the impact of land use institutions on the spatial pattern of these activities. Sites for private real estate redevelopment were supplied by individual districts in the city....

This paper describes the development and the current state of debt management in the Czech Republic. The basic principles on which it was built during the1990s and the importance of the monetary and fiscal policy co-ordination in effective debt management implementation are discussed. The...

This paper aims at constructing a model of a small open economy of the Slovak Republic. In essence, the model represents a synthesis of already published modifications of the Mundell - Fleming type of models, describing the market of goods and services in interaction with the money market and...

This paper looks at Austria's pattern of development and its lessons for Eastern Europe. Austria's development path is characterized by two features. In the post-war era Austria was among the countries with the fastest convergence rate. At the same time Austria's movement up the technological...