The topic of European Union budget is very important for each member state, especially nowadays because of recessive economic crisis and on-going crisis of euro zone. This article analyses not only development of net position for selected countries of EU, but also compares the net position...

The research on small states calls attention to the fact that these states are usually unable to push through their national interests and needs on the international scene although their number far outweighs the bigger countries. At the same time, it shows that small states can partially...

We focus on changes in dynamic correlation during the recent fi nancial crisis. The results show different responses to this symmetric shock in V4 countries. We discuss possible specialization if the dynamic correlation increases only at certain of the frequencies. Especially, in case of the...

This study analyses the directions and the degree of financial integration of ASEAN-5 with the PRC, India, the U.S. and Japan. A non-parametric approach has been used to study the crosscountry correlations based on Concordance Index (CI) and Rolling Concordance Index (RCI). Monthly stock market...

This paper evaluates the global welfare impact of observed levels of migration using a quantitative multi-sector model of the world economy calibrated to aggregate and firm-level data. Our framework features cross-country labor productivity differences, international trade, remittances, and a...

The WTO and the OECD along with many other organizations, suggest trade in value-added is a “better” measuring system than gross value in order to better understand the impact of trade on employment, growth and production . When it comes to the "domestic" value chain and internal...

This article provides a new approach to the study of global values, based on a statistical analysis of the freely available data from the World Values Survey, 6th wave of global opinion surveys, which has now been made public. In accordance with economic approaches, we contradict the mainstream...

Economic integration is nowadays likely to be larger in major economies around the world, especially among the ten active countries in the Southeast Asia. The purpose of this study is to investigate the impacts of the possible trade agreement between the ASEAN and its current FTA partners as...

Thailand's increasing importance as a regional co-production base and as an intra-regional trade and border trade hub is due mainly to recent changes in its economic structure, namely, the lack of operational workers, rises in wages, and increases in outward foreign direct investment (FDI),...

The technological progress that arose in areas such as transportation, communication and information exchange has led to a series of consequences that forced national economies to converge into a global, market based economy. In addition to the aforementioned causes, increased liberalisation...