The outlook for the world economy has improved in the course of 2010 and the recovery has gained strength in the EU as well. The Central, East and Southeast European countries (CESEE) have also recovered from the crisis; the majority of them recorded positive GDP growth. On average, the recent...

The first half of the 1990s brought major changes to Hungary. The positive sides of the transformation in the Hungarian economy and society were accompanied by less welcome aspects - a sharp fall in GDP, double-digit unemployment and falling real incomes. How have children fared in these...

This working paper documents the economic and social crises in Georgia during the 1990s, their structural causes and the survival strategies adopted by the Georgian population, the vast majority of whom became impoverished, with large families particularly vulnerable. It also examines the hopes...

Growth in the CESEE region will follow the unimpressive pattern displayed by the euro area. The longer-term convergence of income levels in the CESEE countries can no longer be expected to be as rapid as was assumed a decade or so ago. Growth in the period 2015-2017 is not going to deviate...

(Reprint from WIFO-Monatsberichte, Vol. 87, No. 5, May 2014) Zusammenfassung Wachstumsbeschleunigung dank Investitionswende in Mittel-, Ost- und Südosteuropa Das Wirtschaftswachstum wird sich in den mittel-, ost- und südosteuropäischen Ländern 2014 bis 2016 verstärken und durchschnittlich...

The Central, East and Southeast European (CESEE) economies will experience on average a minor rebound of economic growth to 1% in 2010 which will speed up to 2.5% in 2011 and 3.5% in 2012. GDP growth will be higher in the CIS countries and in Turkey, about average in the Central European NMS and...

In 1973, Augusto Pinochet led a US-backed coup against Salvador Allende, Chile's democratically elected president. Pinochet's supporters argued that the coup was the only way to save the country amid statism and socioeconomic breakdown. But how much was Allende to blame for the crisis that...

This paper analyses the impact of the speed of transition reforms on economic growth in transition countries in the context of the debate big-bang versus gradualist approach. It builds a new indicator for the speed of transition reforms based on a three-way principal component analysis. It shows...

China's long-term economic dynamics pose a formidable challenge to economic historians. The Qing Empire (1644-1911), the world's largest national economy before 1800, experienced a tripling of population during the seventeenth and eighteenth centuries with no signs of diminishing per capita...