Economists have difficulties to conceptualise and model the relationship between macroeconomic policy and industry change. This paper explores the relationships between industry cost structures and macroeconomic regimes in central and east European countries (CEECs). It finds that the cost...

Paper presents discussions on globalization of “Invisible Hand” of Market rules, and case study of Innovation Law in Serbia. Criticism of un-controlled spread of idea of neo-liberal capitalism throughout of transition countries, i.e. countries without knowledge and experience about market...

The main objective of the ERAWATCH Annual Country Reports is to characterise and assess the performance of national research systems and related policies in a structured manner that is comparable across countries. The 2011 country reports assess the evolution on the national R&D investments...