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The era of change has reached also countries in every corner of Europe, which until now were closed and have had a centralized economy. The best example is countries in South Eastern Europe (SEE), in particular countries emerged from ex-Yugoslavia, which are going through the transition process...
Persistent link: https://www.econbiz.de/10013020300
This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate; that structural reform has been associated with weaker...
Persistent link: https://www.econbiz.de/10013212115
The problems for the Russian gas supply to the EU in 2006 and 2009 raised the question on the relationship between … these areas. The EU includes Russia in its energy policy, but as a geopolitical risk. The ground of this view is the big … volume of hydrocarbons that the EU imports form Russia that implies a dependency of the former. It is assumed that Russia can …
Persistent link: https://www.econbiz.de/10010992195
In this study we empirically analyze the relationship between real exports and real imports during the postcommunist transition in Albania. The country liberalized its trade in the early 1990s after the fall of communism and has seen its trade deficit increase since then. The continuous...
Persistent link: https://www.econbiz.de/10010884807
This paper examines the export performance of the Republic of Macedonia to its main trading partners; hence we focus on the major importing countries which are most present in the Macedonian trade balance. The data used in this article are analyzed with gravity model, which has good...
Persistent link: https://www.econbiz.de/10011258746
Persistent link: https://www.econbiz.de/10005243445
Persistent link: https://www.econbiz.de/10010606897
Persistent link: https://www.econbiz.de/10010606905
Dual track liberalization, relying upon the continued enforcement of existing contracts and the simultaneous creation of a free market sector, represents a powerful mechanism in economic reform. If not anticipated, the reform implements an outcome that is both Pareto improving and efficiency...
Persistent link: https://www.econbiz.de/10005553607
increase between CIS, Central Eastern European countries and the EU. The latter is computed using the gravity equation and the … destruction effect, which implies that trade with EU countries could increase in the long-run in proportion to this trade … destruction effect. Furthermore, institutions matter, and the convergence of institutional variables towards the EU standards …
Persistent link: https://www.econbiz.de/10005791826