The aim of this paper is to explain Foreign Direct Investment of German enterprises. The theory of Foreign Direct Investment identifies a variety of location-specific, strategic, financial, as well as other motives which firms have in order to become multinationals. We apply the above...

This paper gives a model-based analysis of the potential macro-economic impact of European Union Structural and Cohesion Funds payments on the economies of the new Member States. The model used is a four-region DSGE model with human capital accumulation and endogenous technological change. The...

This paper is a review of the monograph entitled 'New model of socio-economic sustainable development of the Slovak Republic', edited in April 2012 by School of Economics and Management in Public Administration in Bratislava (SEMPA). The team of authors (Ing. Vladislav Bachar, CSc., Ing. Ondrej...

The member states which accessed the European Union in 2004 and 2007 progressed through similar financing cycles during the pre-accession period by applying the EU specific principles of positive conditionality. The beneficial effects of the pre-accession financing relied on specific instruments...

The European Union uses large-scale fiscal transfers to national and regional levels to foster economic and social cohesion. This paper gives an ex-ante model-based analysis of the potential macro-economic impact of these fiscal transfers between member states as planned under the Cohesion...

Against the backdrop of the economic and financial crisis that has led to a reduction in international and especially European capital flows to Central and Eastern Europe and shed new light on the EU convergence process, it may be useful to recall the development of the cohesion policy, assess...

This present article proposes to advance the general framework of the Economical and Social Cohesion Policy promoted by the EU. It presents the main instruments and outlines used to promote this policy. Analyzing the effects produced by Structural Funds, both positive and negative, on other...

The number of migrants from conflict regions in Africa has been increasing dramatically. The European Union shares dual responsibility for the continuing migration pressure: First, because it fostered over decades corrupt and autocratic regimes with dire disregard to principles of 'good...

The number of migrants from conflict regions in Africa has been increasing dramatically. The European Union shares dual responsibility for the continuing migration pressure: First, because it fostered over decades corrupt and autocratic regimes with dire disregard to principles of "good...

Ever since the fall of the Berlin Wall and the implosion of the Soviet Union, centrally planned economies in Eastern and Central Europe and Central Asia have been struggling to convert their economic systems from central planning to the market. One facet of this transition is accounting...