Many people in the European Union fear that Eastern Enlargement will lead to major job losses. More recently, these fears about job losses have extended to high skill labor and IT jobs. The paper examines with new firm level data whether these fears are justified for the two neighboring...

This paper aims to investigate the presence of a creditless economic recovery in Eastern Europe, after de 2008-2009 output collapse. To this end, we use three variables: credit stock, credit flow and money supply M1. We find that the changes in the credit flow, as percentage of GDP, are the most...

Contrary to expectations and announcements of policy makers in transition economies, privatization has taken longer than originally planned. This paper analyzes the institutional and behavioral factors that compound systemic barriers to privatization and thus transition from a centrally planned...

The paper evaluates the impact of the EU Eastern enlargement 2004 on the economic performance of border regions located at the frontier to the new member states in the East. These regions were assumed to be particularly affected by the enlargement because of their geographic proximity to the new...

Objectives: This paper aims to examine the transition process from the development and state of entrepreneurship in 15 former European socialist countries during 2006-2012. Our focus here is not on the full but on just one dimension of transition, entrepreneurship. While it is surely the case...

We examine whether there is contagion from the U.S. stock market to six Central and Eastern European stock markets. We use a novel measure of contagion that examines whether volatility shocks in the U.S. stock market coupled with negative returns are followed by higher co-exceedance between U.S....

The theoretical concepts about entrepreneurship have changed since the last three decades. It has become one of the most crucial factors in the economic processes. These changes in the theories about entrepreneurships have been supported by the shift in the whole economic environment. If we look...

The main focus of the paper is the growth process in transition countries in the period 1992-2002, by taking the production function approach. The empirical crosssection study performed found that initial life expectancy and net savings speed up growth while death rate, inflation, and terms of...

The main focus of the paper is the growth process in transition countries in the period 1992-2002, by using the production function approach. The empirical cross-section study performed found that initial life expectancy and net savings speed up growth while death rate, inflation, and terms of...