Founded in 1990

EACES website:













No. 81                 Quarterly Publication of EACES                    March 2017









1.1 Message from the President     


1.2 Board Meeting Minutes


1.3 Conference Report










     3.1 XVIII April International Academic Conference on Economic and Social Development


     3.2 EACES-HSE PhD Seminar


     3.3 Workshop on Economics and Management of Workplace Democracy, ……


     3.4 12th International Conference on Challenge of Europe ………..



     3.5  EACES-HSE Workshop







4.1 Recent Publications of EACES Members


4.2 Journals’ Recent Publications  
















1.1 Message from the President



Dear EACES members,


As the 2nd World Congress of Comparative Economics is approaching, of which EACES is a co-founder and co-organiser, I hope that many EACES members will be able to come and we can meet in St. Petersburg. As you can see from the Minutes of the EACES February 2017 Board meeting, published in the present Newsletter, a really high number of submissions arrived to the organisers and the overwhelming majority (85%) of them has been accepted for presentation, providing the potential for a good scientific meeting for the members of the various comparative economics associations. We can be proud, as our association has contributed to the success of the congress with 25 panel sessions (out of 35 panel sessions altogether) and with numerous individual submissions. Besides the 2nd World Congress, this year there are numerous other events, seminars and workshops, co-organised and/or supported by EACES – a good sign of the liveliness of the association. There will be interesting workshops in Moscow, London and Berlin. We hope that further serious academic initiatives will apply for the support of EACES - if you have ideas for future seminars, workshops or conferences, please do not hesitate to contact any member of the EACES Board. I think, in the era of low and further declining public trust in the largely efficient operation of markets, in the benefits of international trade and of the various levels of economic integration, this congress and the other events supported by EACES will provide important and nuanced scientific evidence in these areas. Furthermore, when policymakers struggle to find the right answers to the arising economic problems or the answers they find seem to be irrelevant (though popular), the added value of deep analysis and comparison may increase even further.


How else could I finish this message as: I am looking forward to meeting you in St. Petersburg.


Magdolna Sass

EACES President


1.2 Board Meeting Minutes


EACES BOARD Minutes, 16th of February2017 Meeting at Center for Economic and Regional Studies, Budapest, Hungary:


Present (alphabetical):

Jens Hölscher (JH)

Michael Keren (MK)

Hartmut Lehmann (HL)

Magdolna Sass (MS)

Agnes Szunomar (ASz)

Urmas Varblane (UV)

Andrei Yakovlev (AY)





1. The president accepted the apologies for absence.


2. AY has reported on the preparation of II World Congress of Comparative Economics, 15-17 June 2017, St. Petersburg:

- School of Economics and Management campus will be the venue

- No hotel available in this district but can be booked nearby (and shall be booked in time as June is high season)

- Early bird fee is 200 USD (till 15 March)

- Keynote speakers will be Gerard Roland (University of California, Berkley, USA and Alexander Auzan (Moscow State University, Russia)


There will be 35 panel sessions (10 JACES, 25 EACES) and 424 papers (from 650 submissions), the rate of acceptance was 85 %.

- Visa support will be given to those who has requested



3. MS has reported on other forthcoming events. Six workshops or conferences are co-organized and/or supported by EACES. The main details as well as the Call for Papers are available on EACES website:

( Two events from those (Leeds and Berlin) are organized by former winners of EACES doctoral award.


4. HL reported on the preparatory activities of the 15th EACES Biennial conference. The event will be held between 6-8 (or 13-15) September 2018 at Warsaw School of Economics (SGH).

- Official note from the dean will be sent soon.

- SGH conforms to the requirements in all respects.

- At the moment there are only two members in the organizing committee (H.L. and Marek Góra). MK offered to join, Tomasz Mickiewicz to be asked soon.

- Previous website (Budapest, Regensburg) can be used again.

- A new conference organizing tool shall be used as there were some problems with the previous one .


5. MS has asked the participants to send their contributions to update the EACES website while ASz has reported on the potential redesign of the website.


- We received two bids, one from a Polish, the other from a Hungarian company. We chose the Hungarian company as communication will be easier with the president during the preparations.

- The company prepared the conference website (EACES Budapest and Regensburg)

- The costs will be around 280-340 EUR, incl. programming, design making, content uploading (from previous website)

- The website can be uploaded by EACES secretariat (no special expertise needed) but it can be updated by them as well on a monthly basis (5000 HUF / 16 EUR per month; 60000 HUF / 190 EUR per year)


6. MK has reported on the European Journal of Comparative Economics and presented David Kemme’s report on this issue.

- Kemme suggested to commercialize the journal.

- The Board decided to have the final decision in St. Petersburg. Some decisions have to be made before that (if to commercialize, we can do it open access or without open access – David Kemme can ask about the possible fees and conditions). We should also check the original contract (Turin).


7. JH has reported on the finances of EACES.

.- There is 2200 EUR surplus after Regensburg

- EACES has 16000 EUR on its EUR account and 4000 GBP on its GBP account, so financially everything is safe and sound; we can finance the few workshops (2-3) and the website as planned


8. JH and MS has presented on the Doctoral Award

- A committee shall be nominated (3 people): Jürgen Jerger could be the head and he can decide on with who he wants to work together.

- It is possible that this year EACES proposes a separate award for journal articles and/or conference papers.

- The current 1000 EUR should be increased

- The Board decided to have the final decision in St. Petersburg.


9. Other issues:  (stamp, social media, next meeting)

- Official EACES stamp – MS and ASz will work on that.

- Social media –.MS and ASz will prepare a proposal for the next meeting

- The next EACES Board Meeting will take place in St. Petersburg, during the 2nd WCCE conference.

- Honorary members: every ex-president should be made an honorary member of EACES (names shall be collected)-

- The next Newsletter is scheduled for March.


1.3 Conference Report


European Economic Integration Theory Revisited


Workshop supported by the European Association for Comparative Economic Studies


University of Szeged, Hungary

23-24 March 2017


Conference report


The Faculty of Economics and Business Administration of the University of Szeged, with the support of EACES (European Association for Comparative Economic Studies), organised a workshop on 23-24 March 2017, with the title ‘European Economic Integration Theory Revisited’. The scientific event was organised by Magdolna Sass (EACES), Beáta Farkas, Éva Voszka and Anita Pelle (University of Szeged).


After the welcoming addresses on behalf of Márton Vilmányi, Dean of the Faculty of Economics and Business Administration of the University of Szeged, Magdolna Sass, and Beáta Farkas, the scientific programme was opened by the two keynote lectures. Xavier Richet, professor at Sorbonne Nouvelle of Paris sees four scenarios of the future of Europe on his behalf: 1) status quo and improvements at the margin; 2) a federal option leading to a two (or multi)-tier Europe; 3) slow unravelling of governance and monetary institutions paving the way to disintegration; 4) the end: Europe bursting with the emergence of various regional dynamics. He pointed out that his scenario Nr.3 was in fact the French populist approach, which is relevant in view of the upcoming presidential elections in France, of which the outcome will definitely have an impact on the future of the EU.[1] Then he compared his scenarios to those five presented in the Commission’s White Paper on the Future of Europe (of 1 March 2017) and expressed his view that many aspects were simply missing from the White Paper, e.g. budget, taxation, foreign policies. Overall, the main message of his lecture was that, in his view, any step back inevitably leads to disintegration, sooner or later.


The other keynote lecturer, Tibor Palánkai, professor at Corvinus University of Budapest discussed the issue in a wider context and on a philosophical level, defining integration as a process of creation, reproduction and transformation of communities, development of socio-economic organisms which ensure higher efficiency and welfare. He has proved to be quite optimistic regarding the European Union as he sees it as a further layer above various, already intensively interconnected communities integrating through economic and other activities. He highlighted the role of the media in the integration process and found it problematic that European (and global) integration lacked proper and balanced media representation. In his view, European integration is already far beyond point of return due to the high levels of interdependence in various dimensions, therefore the only option is to go forward – this should be the framework for thinking, he says. Nevertheless, he shares the conviction that European integration has to be redefined according to a positive vision (“strong and cohesive Europe”) that is built on two principles in parallel: solidarity (the losers of integration have to be compensated) and subsidiarity (the EU should only interfere when actions at lower levels prove to be insufficient).


The workshop then continued in sessions. In the first one on crisis management in the EU, István Benczes (Corvinus University of Budapest) was approaching the issue from a game theory perspective and discussed, through the example of the first Greek bail-out package, whether a chicken game or a war-of-attrition game was played by the stakeholders. He concluded that there was no optimal outcome for any of the players while the EU’s interests were not even represented properly.


Gábor Vigvári (Corvinus University of Budapest) compared the crises of the monetary union and Schengen and considered both systems incomplete, which is the very source of their crises, he thinks. In his view, even if the EU chooses the multi-speed integration scenario out of the five presented in the White Paper, the structural incompleteness of the so-far achievements of integration has to be addressed.


Miklós Losoncz (Budapest Business School) took an insight into the possible implications of Brexit on European integration. Even if only a short time has passed since the referendum and Article 50 has not even been triggered[2], making it impossible to carry out theoretical generalisation at this point, Brexit for him is a proof already that European integration is not irreversible, that the EU can both expand and contract.


The session on the functioning of the Eurozone and the single market comprised three contributions. Miklós Somai (Centre for Economic and Regional Studies of the Hungarian Academy of Sciences, Budapest) was asking why it has been ever more challenging for the post-crisis EU to overcome its difficulties. To answer the question, he cited disintegration literature that explains such paralyses by loss of legitimacy and internal weaknesses. These in fact stem from insufficient levels of solidarity and responsibility.


Anita Pelle (University of Szeged) pointed out that, up until 2009, convergence was going on in the EU as both the Eurozone periphery and the post-socialist new member states were growing at faster speeds than the core. Since 2009, however, this has not been the case but the crisis was a turning point, bringing about intra-EU divergence.


Beáta Farkas (University of Szeged) addressed the issue of the free movement of labour through reviewing relevant publications and texts. Her main conclusion was that the viewpoint of the post-socialist new member states was not represented in the EU documents (but in an IMF study of July 2016 revealing that free movement was largely disadvantageous for these countries). Even if so, since the Brexit referendum, Brussels-based think-tanks at least have stopped insisting on their earlier conviction that the principle of free movement was non-negotiable.


There was a session on inequalities in economic development. Here Leon Podkaminer (Vienna Institute of International Economic Studies) was concentrating on Germany’s role and responsibility as the locomotive driving the Eurozone-machine. By comparing Eurozone countries’ relative wage and productivity developments in relation to Germany, he concluded that German hyper-productivity was a myth and, in order to save Europe, wages in Germany should be increased, just as public spending.


Miklós Szanyi’s (Centre for Economic and Regional Studies of the Hungarian Academy of Sciences, Budapest) starting point were the externalities deriving from Alfred Marshall’s industrial districts in his examination of the impacts of FDI in Hungary. His investigation has proved that positive externalities do exist but it is very difficult to demonstrate them and, in fact, flawed or lacking knowledge transfer can easily occur.


Magdolna Sass (Centre for Economic and Regional Studies of the Hungarian Academy of Sciences, Budapest) and Katalin Antalóczy (Budapest Business School) continued with looking behind the FDI data from a methodological point of view. They have pointed out several shortcomings of data collection and showed that multinationals were ahead of public authorities, even if the National Bank of Hungary, for balance-of-payment calculation purposes, has already introduced capital movement categories like ‘special purpose entity’, ‘capital in transit’, or ‘asset portfolio restructuring’. In general, FDI data are less and less corresponding to the original definition of FDI, calling for methodological upgrading.


Sarolta Somosi (University of Szeged) concluded the session with challenging international trade statistics from another perspective: there are global commodity chains (GCCs), global value chains (GVCs), and global value networks (GVNs). What are these able and unable to grab? In any way, even to attract capital (in the initial phase), a country must perform well in certain factors, must be ‘a good student’ in the eyes of investors, with all its political implications, she concluded.


Last but not least, in a session on challenges in Central and Eastern Europe, seven researchers from the Warsaw School of Economics, Ryszard Rapacki, Juliusz Gardawski, Adam Czerniak, Bozena Horbaczewska, Adam Karbowski, Piotr Maszczyk, and Mariusz Prochniak, presented the outcomes of a large-scale research they conducted on the models of capitalism in Central and Eastern Europe, in comparison with those in ‘old’ Europe. Based on Amable’s (2003) original classification that was completed by Farkas (2011, 2013), they constructed indexes in six areas ranging from product market competition to the knowledge sector, and calculated the distance between CEE countries and the representative countries of Amable’s models. The overall message of their work was that we in Central and Eastern Europe were striving for being Germans (on the input side) but ended up being Mediterranean (on the output side).


Dóra Piroska (Corvinus University of Budapest) investigated the role of international organisations in European and national crisis management in Hungary and found that the IMF was an advocate of the financial markets and was not particularly socially sensitive while the European Commission was the guardian of fiscal balance and had a fiscal focus all the way through. For the ECB, price stability was first, financial stability only second, and the focus was the Eurozone only.


András Tétényi (Corvinus University of Budapest) was discussing the Europeanisation of asylum policies in Hungary but, as one of the comments after his presentation pointed out, it was more of a de-Europeanisation, within European (legal) limits, thus being a challenging benchmark for differentiated integration proposed by the European Commission in its White Paper and reaffirmed by the Rome Declaration on 25 March 2017, the 60th anniversary of European integration, which had been the original occasion upon which the Szeged workshop was organised.


Jarmo Gombos[3] – Anita Pelle








1917–2017: Revolution and Evolution in Economic Development

15-17 June, 2017

St. Petersburg, Russian Federation





The European Association for Comparative Economic Studies (EACES), The Association for Comparative Economic Studies (ACES), The Japanese Association for Comparative Economic Studies (JACES) and The Korean Association for Comparative Economic Studies (KACES)

in collaboration with the Italian Association for Comparative Economic Studies (AISSEC), The Society for the Study of Emerging Markets (SSEM), The Chinese Economists Society (CES), The European Association for Evolutionary Political Economy (EAEPE) and other scientific associations and networks

invite you to submit proposals for panel sessions and individual papers

for the Second World Congress of Comparative Economics

in St. Petersburg on June 15-17, 2017.


The Second World Congress of Comparative Economics will be held at National Research University Higher School of Economics (St. Petersburg, Russia), June 15 – 17, 2017, following the first successful meeting in Rome in 2015. It is expected that the congress will bring together about 300 – 350 academics and experts from around the world to discuss a broad spectrum of economics issues in a comparative perspective, both at micro and macro level of analysis.


The Congress will include plenary sessions, workshops, as well as the editors’ panel and special events. There will also be a small exhibition area which will give participants the opportunity to meet with vendors who specialize in providing e-resources.


Please pay attention to the fact that the Congress has been rescheduled from June 1 – 3 to June 15 – 17, 2017.


Confirmed Keynote Speakers

·         Gerard Roland (University of California, Berkeley, USA);

·         Alexander Auzan (Moscow State University, Russia).


Topic Areas for Submission

Sessions (parallels and plenaries) and round tables of the Congress will be devoted to a broad spectrum of theoretical and empirical contributions on the following topics:

·         institutional design and institutional dynamics;

·         catching up, cyclical development and structural transformation;

·         macroeconomic stability and macroeconomic policies;

·         development of financial and banking sector;

·         labor market and industrial relations;

·         human capital development;

·         industrial organization;

·         issues of regional development;

·         international trade and trade policy;

·         migration and foreign direct investment;

·         issues of international economic integration;

·         economic history.


The above list is not exhaustive and all submissions broadly related to the topic of socio-economic development and policy will be considered.


Submission details

Submissions of papers and entire panels must be made through the Congress website.


To submit a paper, please, fill in the submission form.


The Scientific Committee will review all submitted abstracts and reserves the right to accept or reject any abstract. Authors of accepted abstracts will receive a notification with the information regarding their presentation.


Abstracts should be 250 - 300 words length. Longer abstracts will not be reviewed and will be automatically rejected. Please do not include figures, graphs or tables on the registration form.

To submit an organized workshop/ session, workshop/ session title, abstract (300 words), keywords, speakers/ panelists and chairperson need to be submitted. Organized sessions should comprise no less than 4 presentations. Any session can last no more than 105 minutes.


Please fill in the session submission form and send it to the organizers:


Session/ workshop participants should register for the congress via the registration form. Registration fees must be paid by each session participant.


Important Dates

Submissions will be open from September 1, 2016 to January 15, 2017.

Information about acceptance/rejection by February 15, 2017.

Early bird registration: February 15 – March 15, 2017.

Late registration: March 16 – May 1, 2017.


The Editors' Panel

The Editors’ Panel will be chaired by Ali M. Kutan (Distinguished Research Professor of Economics and Finance, Department of Economics and Finance, Southern Illinois University Edwardsville; Editor, Emerging Markets Finance and Trade; Co- Editor, Economic Systems). It aims to provide attendees with an opportunity to meet, interact with, and hear the views of journal editors from leading international journals. This panel is targeted toward active researchers interested in learning about possible publication opportunities. Each invited editor will have an opportunity to present their journal, its aims, scope, and submission guidelines.


Papers presented at the Second World Congress of Comparative Economics are eligible, if accepted, for publication in special issues of partner journals listed below. Supporting publications confirmed for now are: Comparative Economic Studies, Review of Industrial Organization, Eastern European Economics, Emerging Markets Finance and Trade, Russian Management Journal, Russian Journal of Economics, and Public Administration Issues.


Local organizer of the 2nd WCCE is National Research University Higher School of Economics in St. Petersburg.


Conference venue: 3A Kantemirovskaya str., 194100 St. Petersburg, Russia


Working language: English.



Updated information about the Congress is available on the Congress’ website:

For any question about programme, submission or further information please contact the Local Organizing Committee at









XVIII April International Academic Conference on Economic and Social Development

Moscow, Russia

11-14 April 2017



Moscow, Russia

 12-13 April 2017


Workshop on Economics and Management of Workplace Democracy, Employee Participation, and Emerging Organisational Models

Leeds, UK

4 May 2017


12th International Conference on  Challenges of Europe: Innovative Responses for Resilient Growth and Competitiveness

Bol, Croatia

17 - 19 May 2017


EACES-HSE Workshop

Moscow, Russia

13 June 2017



3.1 XVIII April International Academic Conference on Economic and Social Development


National Research University – Higher School of Economics

April 11-14, 2017

XVIII April International Academic Conference on Economic and Social Development

On April 11-14, 2017 in Moscow, the National Research University Higher School of Economics (HSE) with a support of the World Bank organizes the XVIII April International Academic Conference on Economic and Social Development. The Conference Program Committee is chaired by Professor Evgeny Yasin.

The plenary sessions and special round tables will be devoted to the most important topics of social and economic development of the country. 

On the conference website applicants can get acquainted with the main scientific issues of the Conference. Authors should not restrict themselves to these issues only, although the Program Committee will give priority to the papers relevant to those main issues. The paper should present the results of an original research carried out with modern research methodology. Papers can usually be summarized in 15-20 MS PowerPoint presentation slides and presented within 15-20 min. The average presentation on a round table lasts from 5 to 7 min. Conference program of the sessions and round tables will be formed on the basis of applications.

Working languages of the Conference are Russian and English. Simultaneous translation will be available during all plenary and some session meetings.

The series of workshops will be organized for doctoral students and post-graduate students (with the possibility of travel grants for selected speakers). All information about participation in these workshops will be available on the website

Information about the conference fee is available on the official website at 

Information about previous conferences (2000 - 2016) can be found at:  

The Conference Organizing Committee


3.2 EACES-HSE PhD Seminar



In cooperation with the European Association for Comparative Economic Studies (EACES), and the Department of Applied Economics and Doctoral School of Economics, Higher School of Economics in Moscow are pleased to invite submissions to the following EACES-HSE PhD seminar:


Regional aspects of

Labour Market, Migration, Investment, Education, Housing, Health and other Fields


12-13 April 2017, Moscow

The seminar is going to take place during the 18th April Conference on Economic and Social Development at the Higher School of Economics, held in Moscow from 11 April to 14 April 2017. Contributions from fields of labour market, migration, investment, education, housing, health studies are invited. Submissions that use regional or country level data are especially welcome. We are glad to announce that Francesco Pastore (Associate Professor of Second University of Naples) will be the distinguished keynote speaker.


The main objective of the seminar is to foster contacts and stimulate exchange between young scholars from Russia and other countries, as well as to introduce the Higher School of Economics to a new generation of highly qualified young researchers from around the world.

12 PhD students will be invited to give 20 minutes presentations and will receive detailed   feedback from senior academics in the field.


In case of receiving special HSE grant for the seminar travel expenses and accommodation for selected students will be provided.


The Selection Committee will consist of the following persons:

Andrei Yakovlev (Higher School of Economics)

Marcello Signorelli (University of Perugia)

Francesco Pastore (Second University of Naples)

Svetlana Avdasheva (Higher School of Economics)

Olga Demidova (Higher School of Economics)


The Higher School of Economics is the leading academic institution in Russia in the fields of   economics, management, sociology, business, informatics, public policy and political science. In October 2009, HSE received the status of National Research University (see key facts and figures at


The yearly April HSE International Academic Conference on Economic and   Social Development is the most important academic event in Russia in the field of economics and social   sciences, providing broad   opportunities   for   researchers   to   discuss   the   economic   and social   trends   in   transitional   and   developing   economies   (see   details   about the   HSE   April Conference at



3.3 Workshop on Economics and Management of Workplace Democracy, Employee Participation, and Emerging Organisational Models


Economics and Management of Workplace Democracy, Employee Participation, and Emerging Organisational models

4 May 2017


business_school_3008-x-2000The WPART Project and the Leeds University Business School are organising an academic workshop on the “Economics and management of workplace democracy, employee participation, and emerging organisational models”. Topics include cooperatives, labour-managed firms, employee ownership, codetermination, works councils, etc.  Contributions in areas such as sharing economy, platform cooperativism, collaborative consumption, purpose-based entrepreneurship and commons-based peer production are also highly welcome. We welcome theoretical, empirical, and experimental research from economics, management, business studies, and related disciplines.


Up to 8-9 high-quality papers will be selected for presentation at the workshop. Completed papers or extended abstracts can be submitted by e-mail to Dr. Gabriel Burdin ( Submissions are due by March 13, 2017. Notification of acceptance: March 20, 2017. A limited amount of funding to cover travel and accommodation expenses may be available for participants without institutional funding.


The workshop is planned as part of the Leeds Festival of Economics, Democracy, and the Workplace (4-5 May 2017).

Keynotes: Prof. Samuel Bowles (Santa Fe Institute) and Prof. John Pencavel (Stanford University).


The Leeds Festival of Economics, Democracy and the Workplace is supported by:




The Festival is organised by:

wpart2-1 iip_black_logo-3images


3.4 12th International Conference

 Challenges of Europe: Innovative Responses for Resilient Growth and Competitiveness

On   behalf of the Organising Committee, we are very excited to invite you to join us in beautiful Bol, Croatia, for the 12th International Conference: "Challenges of Europe: Innovative Responses for Resilient Growth and Competitiveness".

We are extremely pleased to inform you that our Conference keynote speakers will be:

Date: 17 - 19 May 2017

Venue: Bol (Island Brač), Croatia

The Conference provides a unique opportunity to network, share and learn. The Conference will be attended by the leading researchers, educators, policy makers, and practitioners from around the world.

We would be grateful if you could share the announcement within your network and forward the information below on to anyone who you feel may be interested in attending the Conference.

For more information please visit

If you have any questions, please contact

We look forward to your submission and welcome to a beautiful Bol in May next year!

Best regards,

Ivan Pavić
Chair person of the Programme committee
Vinko Mustra
Chair person of the Organizing committee


3.5 EACES-HSE Workshop

The International Center for the Study of Institutions and Development (ICSID) at Higher School of Economics in Moscow together with the European Association for Comparative Economic Studies (EACES) are pleased to invite submissions to the workshop:

Topics in Political Economy of Development

13 June 2017, Moscow


The workshop is going to precede the 6th Annual ICSID Conference “Political Economy of Development: Exiting the Middle Income Trap” that will take place at Higher School of Economics in Moscow on June 13-14, 2017 (information on the last year's conference here).

The conference will feature leading scholars in political economy, including Richard Doner (Emory University) and Ben Ross Schneider (MIT) as invited speakers.

Contributions from the fields of political economy and political science are invited. We welcome submissions that adopt theoretical as well as empirical, qualitative as well as quantitative research designs and that can offer useful perspectives on recent developments and new challenges in political economy.

Topics of interest for submission include, but are not limited to:

·         Collective actions and public goods

·         Comparative studies of governance

·         Social capital, trust, and cultural norms

·         Human capital and economic development

·         Political elites and economic performance

·         History and persistence of economic growth

Workshop working language is English. The workshop will be held in the central HSE campus at Myasnitskaya st., 20, Moscow.


Authors of accepted proposals are expected to submit full papers by May 15th.

The Selection Committee will include:

ICSID will provide you with an invitation necessary to apply for a visa at a Russian consulate of your choosing. Since invitation issue may take up to 4 weeks we would be grateful if you could apply in advance.

ICSID can also assist in finding accommodation at one of the HSE Guest Houses or hotels during your stay in Moscow. Please note that HSE Guest House room availability is not guaranteed, therefore early requests are appreciated. ICSID does not, however, cover travel or accommodation expenses.

The International Center for the Study of Institutions and Development (ICSID, is one of the international laboratories created by the Higher School of Economics in 2011, and currently unites a team of researchers from Russia, USA and Europe.

Scholars at ICSID are currently implementing the research project “Elites, institutions and culture as factors of economic development” which is the Center’s major project for 2014-2016. The main objectives of the project are to study the incentives for strengthening regional governance, improving the quality of formal and informal institutions, and developing research on public goods provision and property rights protection. We concentrate mostly on Russia, but compare it with other countries and have started to expand our research to China.






4.1 Recent Publications of EACES Members


A recent Publication of János Kornai


The system paradigm revisited: Clarification and additions in the light of experiences in the post-socialist region, Acta Oeconomica, Volume 66, Issue 4, DOI:


Available at


4.2 Journals’ Recent Reports/Publications



Post Communist Economies

Web page:



Volume 29, Issue 1, 2017






Issuing bonds, shares or staying private? Determinants of going public in an emerging economy

Krzysztof Jackowicz, Oskar Kowalewski, Łukasz Kozłowski & Paulina Roszkowska

Pages: 1-26


Geographies of injustice: the socio-spatial determinants of energy poverty in Poland, the Czech Republic and Hungary

Stefan Bouzarovski & Sergio Tirado Herrero

Pages: 27-50

Determinants of sovereign credit risk: the case of Russia

Mikhail Stolbov

Pages: 51-70


Broken rails: the privatisation of Estonian railways

Aleksander Lust

Pages: 71-89


Forestland rights institutions and forest management of Vietnamese households

Ngo Vi Dung & Nguyen Ngoc Thang

Pages: 90-105


The evolution of the Polish central bank’s views on Eurozone membership

Rafał Riedel

Pages: 106-116


Monetary policy transmission mechanisms in Serbia: evidence from the fully-fledged inflation targeting regime

Danilo Stojanović & Dušan Stojanović

Pages: 117-137



Comparative Economic Studies


Web page:

Volume 59, Issue 1, 2017




Trust in Government and Willingness to Pay Taxes in Transition Countries

Pages 1-22

John E. Anderson


Foreign Direct Investment Drivers and Growth in Central and Eastern Europe in the Aftermath of the 2007 Global Financial Crisis

Pages 23-54

Ramona Jimborean, Anna Kelber


Labour and Financial Crises: Is Labour Paying the Price of the Crisis?

Pages 55-76

Remi Bazillier, Boris Najman


Delving into the Secular Stagnation Hypothesis: A Firm-Level Analysis of the Private Sector’s Excess Savings in Advanced Economies

Pages 77-106

Rodrigo Pérez Artica, Leandro Brufman…


The Impact of Regime Type on Food Consumption in Low Income Countries

Pages 107-125

Kolleen J. Rask, Norman Rask





Web page:

Volume 29, Issue 1, 2017



original articles


Global Income Distribution and the Middle-Income Strata: Implications for the World Development Taxonomy Debate

Pages 1-18

Rogelio Madrueño-Aguilar


A Prototypical Case in the Making? Challenging Comparative Perspectives on French Aid

Pages 19-36

Gordon D Cumming


Industrial Policy, Multinational Strategy and Domestic Capability: A Comparative Analysis of the Development of South Africa’s and Thailand’s Automotive Industries

Pages 37-53

Justin Barnes, Anthony Black…


Structural Transformation, Biased Technological Change and Employment in Vietnam

Pages 54-72

Philip Abbott, Finn Tarp, Ce Wu


Women and Household Cash Management: Evidence from Financial Diaries in India

Pages 73-92

Rajalaxmi Kamath, Abhi Dattasharma


Partnerships as Interpellation

Pages 93-107

Sigrid Bjerre Andersen, Steffen Jensen


Income Smoothing, Capital Management and Provisioning Behaviour of Microfinance Institutions: A Study Using Global Panel Data

Pages 108-126

Ashim Kumar Kar


Channels of Influence: The EU and Delta Convergence of Core Labour Standards in the Eastern Neighbourhood

Pages 127-143

Sara Kahn-Nisser


Costs, Benefits and the Political Economy of Aid Coordination: The Case of the European Union

Pages 144-159

Stephan Klingebiel, Mario Negre…


The Evolution of South-South Development Cooperation: Guiding Principles and Approaches

Pages 160-175

Sandra H Bry


Looking Good: Mediatisation and International NGOs

Pages 176-191

Ben Jones


Financial Globalisation Dynamic Thresholds for Financial Development: Evidence from Africa

Pages 192-212

Simplice A Asongu, Lieven De Moor


The Political Economy of Regional Inequality in Ghana: Do Political Settlements Matter?

Pages 213-229

Abdul-Gafaru Abdulai


Financial Sustainability and Poverty Outreach: The Case of Microfinance Institutions in Eastern Europe and Central Asia

Pages 230-245

Ganna Sheremenko, Cesar L Escalante…


Budget Support, Budget Transparency and Domestic Accountability in Mozambique

Pages 246-262

Johannes Schmitt

Top of page

Book review


Paying Bribes for Public Services. A Global Guide to Grass-Roots Corruption

Pages 263-264

Edward C. Page


Anthropology, Theatre and Development: The Transformative, Potential of Performance

Pages 265-267

Tim Prentki






Web page:


Consumption-Based Macroeconomic Models of Asset Pricing Theory
Pages: 7-28

Marija Đorđević


Is Internal Devaluation Policy in the EU Effective?
Ines Kersan-Škabić

Pages: 29-46

The Impact of Cross-Border Acquisitions in Serbia On Productivity, Wages, and Employment
Pages: 47-68
Azdejković Dragan
Marković Dušan


The Implications of Ownership Concentration for shareholder Protection and Strategic Decision-Making
Pages: 69-98
Jelena Nikolić
Verica Babić

The Organization of Working Hours of Selected Employee Categories in Czech Businesses
Pages: 99-116
Hana Urbancová
Miroslava Navrátilová








Managing Board

         Magdolna Sass



Institute for Economics of the Hungarian Academy of Sciences

1112 Budaörsiút. 45

Phone: (+36-1) 309-2652
Fax: (+36-1) 319-3136


Jurgen Jerger



University of Regensburg and IOS Regensburg,


Tele: +49-941 943 2697

Fax:+49-941 943-4941



Ágnes Szunomár



Head of Research Group on Development Economics

Institute of World Economics,

Centre for Economic and Regional Studies of the Hungarian Academy of Sciences

45 Budaörsi Road, Budapest, H-1112



Jens Hölscher



Head of Department

Accounting, Finance & Economics

The Business School, Bournemouth University

Executive Business Centre

89 Holdenhurst Road, Bournemouth BH8 8EB, UK










Other Members of the Executive Committee

(Alphabetical order by family name)


David M. Kemme

EC Member


William N. Morris Chair of Excellence
Fogelman College of Business & Economics
The University of Memphis 
3675 Central Avenue, Office BA 405 
Memphis, TN   38152 
Tel: +1-901-678-5408


Michael Keren

EC Member


Department of Economics                           

Hebrew University                            

Jerusalem 91905                                    


Tel: +972-26528521

Fax: 972-2-5816071




Hartmut Lehmann

EC Member


Department of Economics

University of Bologna

Strada Maggiore 45

40125 Bologna, Italy

Tel. +39-051-2092631

Fax  +39-051-2092664



Satoshi Mizobata

EC Member


Institute of Economic Research,

Kyoto University

Yoshidahon-machi, Sakyo-ku, Kyoto,

Japan 6068501

Tel: +81-75-753-7144




Martin Myant

EC Member

European Trade Union Institute

Bd du Roi Albert II, 5

1210 Brussels

Website:  Myant

 Jan Svejnar

EC Member

School of International and Public Affairs

Columbia University

420 W. 118th Street

New York, NY 10027




Milica Uvalic

EC Member

Department of Economics, Finance and Statistics

Via Pascoli 20

University of Perugia, 06123 Perugia, Italy

Tel: +39-075-5855292, 5855279

Fax: +39-075-5855299




EC Member

University of Tartu

Institute of Economics

Narva 4, 51009 Tartu


Tel: +372-737-6361   Fax: +372-737-6327



Andrei Yakovlev

EC Member

University - Higher School of Economics

Institute for Industrial and Market Studies

Slavyanskayapl 4, bldg 2,

Moscow 109074, Russia    

Tel.: +7-495-6288649

E-mail: and


Members of the Advisory Board 





Wladimir Andreff

University of Paris 1-Centre d'Economie de la Sorbonne

Will Bartlett

London School of Economics and Political Science

Laszlo Csaba

Central European University, Budapest

Bruno Dallago

Università di Trento, Department of Economics

Daniel Daianu

The Academy of Economic Studies, Bucharest

Jens Hölscher

Bournemouth University, England

Mario Nuti

London Business School

Marcello Signorelli

Department of Economics, University of Perugia

Milica Uvalic

Department of Economics, University of Perugia

Vittorio Valli

Università di Torino, Dept. Economia

Hans-Jürgen Wagener

Europa Universitaet Viadrina, Frankfurt/Oder

Tomasz  Mickiewicz

Aston University

Saul Estrin

London School of Economics


Honorary Members:


Ronald Dore

Gregory Grossman

Michael Kaser

János Kornai

Marie Lavigne

Angus Maddison0301

Domenico Mario Nuti

Wladimir Andreff

Horst Brezinski


Ex – Officio Member

Michael Keren

Hebrew University

Department of Economics

Naphtali Bldg. Scopus Campus, 91905 Jerusalem (Israel)

Tel: +972-26528521; Fax: 972-2-5816071



This 81st issue of the EACES newsletter begins with presidential message includes the updates of the Second World Congress of Comparative Economics. The conference to be organised at the Higher School of Economics in St. Petersburg, Russia in 15-17 June 2017 has already received hundreds of submissions and more than 85 percent of them have been accepted. The European Association for Comparative Economic Studies (EACES), The Association for Comparative Economic Studies (ACES), The Japanese Association for Comparative Economic Studies (JACES) and The Korean Association for Comparative Economic Studies (KACES) are organizing the events in collaboration with the Italian Association for Comparative Economic Studies (AISSEC), The Society for the Study of Emerging Markets (SSEM), The Chinese Economists Society (CES), The European Association for Evolutionary Political Economy (EAEPE) and other scientific associations and networks (Section 2).


Encouragingly, of the total 35 panel sessions in the second world congress of the comparative economics society, 25 are contributed by EACES. This signifies the EACES as a thriving society among similar global institutions.


Section 1 of this newsletter also includes minutes of the Board Meeting held in 10th September 2016. Likewise, report from the conference on European Economic Integration Theory held at the University of Szeged, Hungary, during 23-24 March 2017 is inclusive in the report.


A remainder of the forthcoming conferences/workshops/seminars is the subject matter of Section 3. These events will be held from April to June this year. Although the deadline for the submission of the abstract has already been closed, the section mentions about important dates from now onward until the events actually take place. The section has included details regarding XVIII April International Academic Conference on Economic and Social Development, EACES-HSE PhD Seminar, Workshop on Economics and Management of Workplace Democracy, Employee Participation, and Emerging Organisational Models, 12th International Conference on Challenges of Europe: Innovative Responses for Resilient Growth and Competitiveness, and EACES-HSE Workshop. Scholars who are participating are requested to follow the updates of these events.


Section 4  provides information regarding recent publications of EACES members and some journals associated with comparative economic studies, more specifically that of Post-communist Economies, Comparative Economic Studies, European Journal of Development Research, and Economic Annals.


We welcome any comment/suggestion for the improvement of the newsletter. The submissions are requested to deliver in the form of hard copy or (preferably) electronic copy as a Microsoft Word file to the editor:



Sanjaya Acharya


Pole tekstowe: EJCE (The European Journal of Comparative Economics) E-Journal and 
ECONOMIC SYSTEMS (A Quarterly Journal published by the Osteuropa-InstitutMünchen/Elsevier in collaboration with EACES) are the journals associated with EACES.
For details, please follow the link:
              March 2017


·         [1] The other well-performing candidate, former economy minister Emmanuel Macron, is strongly pro-Europe.

·         [2] The workshop was held on 23-24 March 2017.

·         [3] University of Szeged (Hungary)