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...

Az elmúlt tíz évben az Európai Unió tagországai közül Írország GDP-je mutatta a legnagyobb dinamizmust. A nemzetközi szakirodalomban viták tárgya, hogy ebben milyen szerepet játszott az állami gazdaságpolitika. Az előzményekhez tartozik, hogy Írországban a hetvenes és...

We study the business cycles properties of the four largest European economies in the wake of the recent recession episodes. The analysis is based on the factors estimated from a multi-country and multi-sector data rich environment. We measure alikeness of business cycles by studying the...

The eurozone is in political and economic crisis. This is due to the inadequate design of the institutional structure of the eurozone and to the current poor implementation of macroeconomic policy. In designing the eurozone, well established principles of economics were ignored and major...

The EU carbon market serves as an innovative financial instrument with the primary objective of contributing to mitigate the impacts of climate change. This market demonstrates significant interconnectedness with fossil energy, precious metal, and financial markets, although limited research has...

The EU carbon market serves as an innovative financial instrument with the primary objective of contributing to mitigate the impacts of climate change. This market demonstrates significant interconnectedness with fossil energy, precious metal, and financial markets, although limited research has...