The paper investigates to what extent some basic tools of the ECBs monetary analysis can be useful for other central banks given their specific institutional, economic and financial environment. We take the case of the Bank of Russia in order to show how to adjust methods and techniques of...

Foreign direct investment (FDI) has been argued to improve company performance and stimulate growth and employment. Transition economies of Central and Eastern Europe (CEE) faced a desperate need to join the global economy, to improve their competitiveness and to create jobs through FDI. So, did...

Supportive institutional environments help build the foundations for innovative and productive entrepreneurship. A few post-Soviet countries have benefitted from international integration through EU membership, which enabled the development of democracy and free market principles. However, many...

The year 2000 was exceptionally good for the transition countries. The region as a whole expanded faster than the world economy average. However, the favourable external climate has started to deteriorate rapidly and especially the current pronounced weakening of the EU economy is worrying. The...

We argue that the nature of aid flows early on in a bilateral partnership may be different from that at a later stage. Commercial and strategic interests may carry particular weight after a significant regime change when new relationships need to be established, whereas development concerns come...

In this paper we look at the growth experience of 25 transition countries during the 25 years since the dissolution of the USSR. We find that compared to expectations from a parsimonious growth model the region in the 2000's seems normal in terms of growth performance, i.e. transition in the...

We analyse the impact of social capital on the willingness to migrate in 28 post-communist and five western European comparator countries using the Life in Transition Survey. We find substantially lower levels of professional social capital among the older cohorts in post-communist than in the...

Economic reform in the Central and Eastern European countries in the 1980s helped transform the structure and volume of agricultural production, consumption and trade, and resulted in significant agricultural productivity improvements. However, there are large differences among the transition...

Unlike in developing countries, there tends to be no problem of access to water, electricity, and heating for private households in transition countries. However, transition countries have a considerable amount of low-income households, and the problem of affordability of these...

For transition countries, the food industry sector is a key industry in terms of output andemployment shares. As a competitive sector that receives substantial foreign directinvestments (FDI), it plays an important role as an element in the process of integration in theEuropean and world market....