With all its effects, positive and negative, the global economic and financial crisis continues to cause disturbances to the markets, causing at the same time an introspective analysis of the overall macroeconomic international and national situation. In this context, the present article aims to...

The freedom of movement of persons is one of the core tenets of the European Union. Immigration however is often seen as a cause for concern amongst native workers, as rising labour supply may threaten jobs and create downward pressure on wages. National politicians are increasingly under...

In this paper, we present systematic regional and cross-country information about the refinancing structure of the banking sector in selected Central, Eastern and Southeastern European (CESEE) countries. We use the most recent data available (from mid-2008 until end-2009) to focus on the...

The issue of public spending efficiency is a current one in the majority of countries, especially for those confronting large negative effects derived from recent crisis. In Romania, some arrangements were recorded lately in order to reduce costs in government sectors. Thus, we evaluated the...

This paper aims at analysing the role of education in economic growth, focusing on the case of Turkey using exogenous and endogenous technology models. We show, first of all, that education plays an important role in determining the output per worker. Secondly, we show that depending on the way...

Although Estonia developed a functioning market economy, it has hardly succeeded in catching-up economically with the richer countries of the euro area. Correspondingly, the level of social security is still rather limited. To improve the income situation and enhance the social security systems...

For fifteen European countries over the 1970-2004 period we establish that there is a large and persistent agricultural productivity gap, the ratio of labor productivity in non-agriculture to that in agriculture. Correcting for under-reporting of self-employment income in both agriculture and...

Differences in GDP per capita across countries are large and to a large extent accounted by differences in total factor productivity. We analyze role the misallocation of resources plays in helping us understand productivity differences. In theory, the extent of misallocation is worse when there...

A három dél-európai ország: Görögország, Spanyolország és Portugália európai integrációs tapasztalatai az Európai Unióhoz csatlakozni készülő országok számára nemcsak azért rendkívül hasznosak, mert a különbségek ellenére igen sokban hasonlóak voltak, amikor az...

A 20. század végének orosz gazdaságát elemezve, a szerző ipari feudalizmusnaknevezi ezt a rendszert, amely alapjaiban tér el a világon megfigyelhető modern piaci rendszerektől. Az eddigi átalakítások lerombolták a szovjet parancsgazdaságot, s a kialakuló intézményi vákuumban a...