Trade deficits are caused by the balances between saving and investment and the effects of those balances on international flows of capital. Generally, there are three primary sources of the trade deficit: a decline in saving/GDP ratio; fluctuations in the business cycles; investment...

Romania started the transition process by adopting a gradualist strategy for implementing its economic reforms, most of which being carried out independently and not through a concrete and cohesive policy package. The dynamics of restructuring on the labor market is analyzed by the Index of...

This paper analyses the spatial distribution of economic activity in the European Union at NUTS2 level over the 2001-2010 period. The aim of the study is twofold: to provide descriptive evidence of the agglomeration distribution in Europe and its evolution over time across countries; to identify...

The European Commission awarded a contract in November 2005 to a consortium composed of the TARKI Social Research Institute (Hungary), CASE, Center for Social and Economic Research (Poland) and CEPS to analyse the socio-economic developments and the process of structural reforms in what were...

The economic crisis was initially supposed to affect only developed countries, but the financial troubles spread over the real economy and the crisis became a global phenomenon. After almost two years of difficulties, several lessons could be drawn from this episode: why the crisis was...

In this paper we analyse the macroeconomic stabilisation of Serbia over the last five years, by calculating an Index of Macroeconomic Stabilisation derived from the pentagon of stability. The pentagon is constructed through five indicators of stability: Real GDP growth, unemployment, inflation,...

As a recent candidate to EU integration, Serbia has to undertake important economic reforms to ensure that its economy convergences towards the Western principles of competitiveness and efficiency. The analysis of recent trends in the economy shows that Serbia is slightly converging to EU...

Serbia is a candidate to integration in the European Union. In this perspective, important transformations have been observed in recent years in the economy. The paper assesses three important aspects that may ease the accession, namely the diversity of economic activities, the diversification...

At macro level, the economic indicators are designed to provide extensive information about the main domains in which the policy intervention would be effective. The overall economy is therefore characterised, in terms of macroeconomic analysis, by output indicators, expressing the status of the...