EACES was founded in 1990

Please visit EACES website at http://www.eaces.net







No. 64                 Quarterly Publication of EACES            December 2012











    5th Dialogue on Social Market Economy: East Asia and Eastern Europe from Globalised








       3.1 The 27th Research Seminar of the Managing Economic Transition network


     3.2 XIV April International Aca­demic Conference on Economic and Social Development


     3.3 Public Procurement: Challenges and Perspectives for Economic Tools






     4.1 Book Information


     4.2 Publications of the Scholarly Papers of EACES Members


     4.3 Journal’s Recent Publications



     4.4 New Assignment






















Dear EACES members and friends,


At this time of writing, as the year 2012 is drawing to the close, the future of Europe seems somewhat less gloomy. Christmas and New Year mood prevails, and after a wave of snowstorms we now have spring weather in Southern Europe.


Moreover, there is suddenly some hope that Greece will be out of the debt trap and market expectations are improving. 2013 is likely to be tough in Europe, but longer-term prospects seem slightly better now.


It may well be that European nations will avoid a future of prolonged fiscal overhang and near zero interest rates that are impossible to lift without making some countries bankrupt; a scenario that punishes those who earn money by producing something useful, and the one we know from other parts of the world.


Interestingly it is now the turn for the Americans to face their past short term fiscal decisions becoming a long-term limitation. We wish our American friends well. They showed common sense in the past and are likely to move ahead, even if in 2013 some disturbances are likely. We will see soon what fiscal path they decided to take.


Meanwhile EACES is also doing well. Thanks for all of you who joined our mailing list recently, and especially those amongst you, those who decided to support us by paying membership fee. It is much appreciated.


Please watch out for announcement about a forthcoming world event we plan to organise in Seoul jointly with our sister American, Japanese and Korean associations in late April. And please come to our workshop in Birmingham on the 25th of February; we had a record breaking number of submissions and difficult task to decide the programme (reproduced below). We will send a call for participation (free, but limited space) soon. But much to choose from: Moscow and Tartu workshops are also worth recommending!


With all the best wishes for 2013.



Tomasz Mickiewicz


President of EACES  

Prof. of Economics, Aston Business School Aston University









5th Dialogue on Social Market Economy: East Asia and Eastern Europe from Globalized Perspective


Organizing Committee

Prof. Dr. Urmas Varblane, Chair, University of Tartu, Estonia

Prof. Dr. Jüri Sepp, Conference Director, University of Tartu, Estonia

Prof. Dr. Stefan Kolev Wilhelm-Röpke-Institute, Erfurt, Germany

PD Dr. Bernhard Seliger, University of Witten-Herdecke, Germany

Prof. Dr. Ralph M. Wrobel, Westsaxon University of Applied Science Zwickau, Germany


Objective of Conference

The conference brings together leading experts on institutional transformation issues from Korea, West Europe and East Europe and in particular, Estonia. The challenge and objective of this conference is, as indicated in the title and subtitle of the conference, in two different fields, namely the subject field and in the contribution to Korean studies. On the subject, as well Korea as Estonia share the success of a rapidly transforming and developing small open economy (in Korea’s case, small does not any more apply in the last decade, when it became a large middle power among in terms of its economy), though the origins are quite different and Estonia is the case of a transformation economy. To compare the economic development of both state and learn from the Korean experience is a particular current challenge for Estonia after its accession to OECD in 2010.


Registration, Abstracts and Papers

All participants are pleased to register by submitting the title and an abstract of their paper (max. 15 lines plus 3 to 5 keywords) until December 1st, 2012. Applicants in the open competition will get a letter of acceptance within two weeks. Please submit papers in English language (preferably up to 15 pages) along with information on name(s) of author(s) and contact details until March 15th, 2013. MSWord-files by e-mail are preferred.


Contact address: ulle.maidla@ut.ee


Publication of research results

Conference papers will be pre-printed online as “Ordnungspolitische Diskurse / Discourses in Social Market Economy” via “Ordnungspolitisches Portal”. (www.ordnungspolitisches-portal.de) Additionally, revised papers will be published within Vol. 5 of “Ordnungspolitische Dialoge“, Peter-Lang-Verlag, Frankfurt / Germany.


Invited Speakers: All costs of travel, board and lodging are covered by the conference budget financed by the The Academy of Korean Studies.


Speakers from the open competition: publication fee 50€ (if the article will be published in the book)


Preliminary Program


Wednesday, April 17th, 2013

Arrival of participants from Korea, Europe and Estonia

Evening reception and dinner at the University of Tartu

Thursday, April 18th, 2013

Registration, opening by Prof. Urmas Varblane, key note speeches (mornings)

Sessions (afternoon)

Friday, April 19th, 2013

Sessions (mornings)

Sessions (afternoon)

Saturday, April 20th, 2013

Sightseeing in Tartu, Departure of participants


Are innovation systems relevant for innovation and growth?



The 27th Research Seminar of the Managing Economic Transition network

Aston Business School, Birmingham

25th February 2013I


XIV April International Aca­demic Conference on Economic and Social Development


National Research University, Higher School of Economics, Moscow

2-4 April 2013II


Public Procurement: Challenges and Perspectives for Economic Tools


National Research University, Higher School of Economics, Moscow

2-4 April 2013III








 I The 27th Research Seminar of the Managing Economic Transition network


Aston Business School - Birmingham (Logo)




MET SEMINAR @ ASTON – 25th of February 2013 - DRAFT AGENDA



Arrival and Registration: Tea, coffee and biscuits

10.00am -10.15am

Introduction: Prof. Nigel Driffield, Dean of Aston Business School (tbc)

10.15am -11.25am                            EURO

Chair: t.b.c.

Marc Blunden*, Jens Hölscher


Government bond market integration in the Euro area

Hubert Gabrisch


Should the Czech Republic, Hungary, Poland, and Romania join the Euro area?


11.25am – 11.35am

Break and Refreshments


11.35am  – 1.00pm                           ROUND TABLE on the EURO CRISIS:

Chair: Richard Connolly (Birmingham)

Andrei Yakovlev

Vlad Mykhnenko

Wojciech Charemza

Martin Myant

Will Bartlett




ETUI, Brussels


Impact of the EURO CRISIS – macro and micro Level:

Russian Federation, Ukraine, Poland, Czech Republic and the Balkans



1.00pm – 2.00pm





2.00pm – 3.25pm               Parallel Track 1   LABOUR

Chair: Olga Kuznetsova (MMU)

Francesco Bartolucci,

Aleksandra Bashina,

Olga Demidova,

Marcello Signorelli*


The Determinants of Job Satisfaction in Young Russian Workers:

An Empirical Analysis

Cristiano Perugini*, Ekaterina Selezneva


Labour market institutions, crisis and gender earning gap in Eastern Europe

Mirella Damiani,
Fabrizio Pompei*,
Andrea Ricci


Labour shares and employment protection in European economies


2.00pm-3.25pm  Parallel Track 2   REALLOCATION OF CAPITAL

Chair: tbc

Magdolna Sass*,

Gabor Hunya

Hungarian Academy of Science

Escaping to the East: Relocation of business activities to and from Hungary during the recent crisis

Uwe Cantner,

Jutta Günther,

Sohaib. S. Hassan,

Björn Jindra*


Outward FDI from Central and Eastern European Transition Economies: A location choice analysis within the EU27

Jože Damijan,

Črt Kostevc,

Philipp Marek,*

Rojec, Matija


Spillovers form services FDI to manufacturing firms in new EU member states



3.25pm – 3.35pm

Break and Refreshments


3.35pm – 5.00pm               Parallel Track 1   OWNERSHIP, NETWORKS AND PERFORMANCE

Chair: tbc

Anna Grosman*,

Aija Liponen

Imperial College

Business networks, corporal governance and investment

Maria Luigia Segnana


Competing abroad, competing in organizations

Michael Keren


The Labour-Managed Firm in the Socialist and Capitalist Market






3.35pm-5.00pm  Parallel Track 2  InNOVATIVENESS, WELFARE STATE and CORRUPTIOn

Chair: tbc.

Slavo Radosevic*,

Esin Yoruk*


Entrepreneurial Propensity of Innovation Systems: Theory, methodology and evidence


Markus Ahlborn,

Rainer Schweickert*


Varieties of Capitalism and Welfare States – Policy and Performance


Artjoms Ivlevs

UWE, Bristol

Global economic crisis and corruption behaviour: Evidence form transition economies



Aston University, rooms tbc


Participation is free of charge, but number of places is limited. To participate, please email




II XIV April International Aca­demic Conference on Economic and Social



                           National Research University – Higher School of Economics

XIV April International Aca­demic Conference

on Economic and Social Development

              (April 2-4, 2013, Moscow, Russia)


On April 2-4, 2013, the XIV HSE April International Aca­demic Conference on Economic and Social Development will be hosted by the National Research University Higher School of Economics (HSE) with support of the World Bank and the International Monetary Fund. The Conference Programme Committee is chaired by Professor Evgeny Yasin.

The plenary sessions of the Conference will feature senior Russian Government officials including representatives of the Presidential Administration, high-level representatives of the World Bank, the International Monetary Fund, the Organisation for Economic Cooperation and Development, and the CEOs of several largest Russian and international companies. 

Special issues of the Conference are “Global Economic Crisis and Russian Economy” and “Institutions and New Social Policy”. The plenary sessions, including selected honorary papers, sessions and round tables, will be devoted to the special issues of the Conference.

After the plenary sessions over the following days parallel sessions and round tables on the problems of economic and social development will be held. Within the conference a special session will be organised with the presentation of the results of HSE international research laboratories. Sessions and round tables will focus on the following issues:




  • Macroeconomics and Growth
  • Urban and Region Studies
  • Public Administration
  • Theoretical Economics
  • Financial Institutions and Markets
  • Economic History
  • Science and Innovations
  • Culture and Society
  • Firms and Markets
  • Society and Social Policy
  • Law and Economics
  • Management
  • World Economy
  • Development of Education
  • International Affairs 
  • Development of Healthcare System  
  • Local Government and Civic Self-organisation                                                                
  • Sociology
  • Political Processes
  •  Media and Communications
  • Demography and Labour Markets



Authors of papers are not required to stick to these issues only, although the Programme Committee in the selection of papers will give priority to those relevant to the issues above.

The papers should present the results of original research carried out with modern research methodology. Papers presented at sessions could usually be summarised in PowerPoint during 15-20 minutes. As a rule, the average presentation on a round table lasts from 5 to 7 min. Conference program of the sessions and round tables will be formed according the requests.

The working languages of the Conference are Russian and English; simultaneous translation will be available during all plenary and most of the parallel sessions.

Participants are invited to submit extended abstracts of their research papers for presentation at the Conference sessions. Submissions will be accepted from September 10 till November 12, 2012, only through on-line registration at: http://conf.hse.ru/ .

The application should include the speaker’s name, place of work and position, the contact address, phone and fax numbers, e-mail and the title of the proposed paper. A detailed summary of the proposed presentation should be attached to the application, in Word or RTF format, in 1 - 3 pages with 1,5 line spacing (up to 7000 symbols). The summary should outline the issue, show the level of the research, include characteristics of the research (theoretical or empirical type of the work, its informational base), as well as its main results. Abstracts which are less than 1 page in length will not be accepted. One applicant may submit 1 paper at the conference and not more than 2 papers in co-authored.

Applicants can also indicate whether they are willing to participate in a symposium on one of the Conference’s special topics. The group of applicants after on-line registration until November 12, 2012 may inform the Conference Program Committee of their wish to submit their papers on one session. A letter should be sent to the address interconf@hse.ru  and should contain information about the title of proposed session; speakers (no more than 3 - 4, already registered as individual applicants) and the topic of the research, as well as name and contact information (phone and e-mail address) of the supposed chairperson of the session. Duration of one session is 1.5 hours. Proposals for the formation of such sessions can be taken into consideration by the Program Committee during the papers' expertise and the formation of the Conference programme.

The Programme Committee will announce the decision on the inclusion of papers in the Conference programme by January 21, 2013, considering the results of the expertise made by independent experts.

Authors of the papers included in the Conference program are requested to send full-text versions of the text (in Word, RTF or PDF format) by March 4, 2013 for publication on the Conference website. Final versions of the papers should be sent by May 20, 2013. The decision about their publication in the Conference e-volume will be made by the editorial board. The papers not presented at the Conference will not be considered for publication.

Participants from the CIS and Eastern Europe countries invited to present their papers may apply for a grant from the Moscow Office of the World Bank until February 11, 2013 to interconf@hse.ru.

Online registration for participation without presenting a paper will be available from November 13, 2012 until March 10, 2013 at http://conf.hse.ru/  

Conference registration fee:


For Russian participants

For foreign participants

For Russian universities' graduate and postgraduate students

Developed countries

Developing countries, CIS and CEE

to March 1, 2013г.

1000 RUB

$ 100


200 RUB

to April 1, 2013г.

1500 RUB

$ 150

$ 70

300 RUB

after April 2, 2013г.

2000 RUB

$ 170


500 RUB


Bank account details for fee transfer will be available on http://conf.hse.ru/ after September 12, 2012.

Honorary guests of the Conference as well as those colleagues specially invited by the Programme Committee are exempt from the registration fee.

Programmes and papers of the previous I-ХIII International Academic Conferences on the problems of economic modernisation organised by HSE are available at http://conf.hse.ru/2012/history .

The Conference Organizing Committee



III Public Procurement: Challenges and Perspectives for Economic Tools


European Association of Comparative Economic Studies

National Research University – Higher School of Economics



EACES Workshop

“Public procurement: challenges and perspectives for economic tools”


EACES Workshop on public procurement will be held within the framework of 14th HSE International Academic Conference on April 2-4, 2013. It is organized by Higher School of Economics (the Centre for Institutional Studies, the Institute for Industrial and Market Studies, Institute for State and Local Procurement Management) in cooperation with the European Association for Comparative Economic Studies (EACES). Taking into account growing interest to public procurement in Central and Eastern Europe workshop will focus on economic analysis of different issues in the field. We suggest a broad scope of research related to the topic of public procurement, including auction design, efficiency analysis, contracts renegotiations, comparative empirical studies etc. The workshop program will include lecture of invited key-note speaker (to be announced later), session for researches in the field of public procurement and session for PhD students. The aim of the workshop is to create and support academic networking among mature and young researches who are interested in different aspects of economic analysis of public procurement system.

We announce call for paper for both researcher’s session and PhD student’s session. From mature researchers we expect to receive full papers. From PhD students which still do not have full papers we expect to receive research project description (no longer than 1500 words + references) with a short abstract (no longer than 400 words). All proposals should be in English. Research project description must include description of research problem, brief literature overview, main hypotheses, methodology, results and references. Proposals should be sent to organizers no later than 15th November. The acceptance decision will be done by 20th January.

Four researchers and four students will be invited to make a presentation during the conference. Researches will have 15 minutes presentations following the discussants talk. Students will enjoy 20 minutes presentations with comments from mature colleagues.

Upon request and depending on financial circumstances of applicant HSE can provide travel grants for selected PhD students.

Program Committee: Elena Podkolzina (HSE), Andrei Yakovlev (HSE and EACES), Irina Kuznetsova (HSE), Marcello Signorelli (University of Perugia and EACES)



The Center for Institutional Studies (CInSt) was established in 2010 with the goal of creation of a scientific centre in the field of institutional economics as a part of an international cooperation network, and promoting international standards of research. We provide conditions and incentives for young and talented university graduates to participate in both scientific and teaching activities at the HSE. Our professional interests are focused on institutional analysis of different markets and sectors of the economy, among them are education, procurement, banking, non-profit organisations.


The Institute for Industrial and Market Studies (IIMS) was founded in April, 1997. The IIMS is one of the first research institutes to have been established at the Higher School of Economics. The Institute focuses on empirical analysis of an enterprises’ behaviour and market development, competition policy, the business climate and relations between business and state.

Institute for State and Local Procurement Management (ISLPM) was established in July 2004. Institute plays the leading role in training procurement officials and policy advice in field of public procurement in Russia. Key areas of ISLPM activity include creation of organisational models of the procurement system in federal and local governmental bodies; development of evaluation mechanisms (including criteria evaluation) of the effectiveness of order placement and evaluation of budget spending; monitoring and analysis of regulatory changes in the field of public procurement.




4.1 Book Information


http://www.palgrave.com/products/ShowJacket.asp?ISBN=9780230300033&width=385&height=625HEALTH REFORMS IN SOUTH-EAST EUROPE


Edited by William Bartlett, Jadranka Bozikov and Bernd Rechel


Series: New Perspectives on South-East Europe


Palgrave Macmillan

ISBN 9780230300033


Over the last two decades, the countries of South East Europe have engaged in far-reaching reforms of their health systems, including reforms of primary and secondary health care, new governance and funding arrangements, the privatization of health care provision, and the introduction of health insurance systems. However, comparative overviews of reform efforts in this part of Europe have been sorely lacking so far. This book addresses this shortage through the analysis of key aspects of health reforms in South East Europe, including primary health care, hospital care, health financing, decentralization and the internal and international migration of health workers. It provides a comparative analysis of health reforms and health workforce mobility in the region, and includes contributions from Bulgaria, Croatia, Macedonia, Montenegro, Romania, Serbia and Slovenia. The book will be of interest to a range of audiences, including researchers, medical practitioners and policy-makers.



Health Reforms in South East Europe: an Introduction; W.Bartlett, J.Bozikov & B.Rechel
Health Reforms in Croatia From the User Perspective; M.Mastilica
Health Reform in Bulgaria; A.Dimova, M.Rohova, M.Popov & B.Rechel
Decentralization in Croatia's Health System; A.Džakula, S.Šogorić & L.Vončina
Health Workforce Mobility and Policy Responses in South East Europe; D.Ognyanova & R.Busse

Primary Health Care Reform in Serbia: Driven by Whom?; S.Simić, J.Marinković & G.Boulton
Primary Health Care in Romania after 20 years of Reforms; S.G.Scintee & C.Vladescu

The Public Hospital System in Macedonia; V.Lazarevik & D.Donev
Hospital Infrastructure Development in Serbia: Modernizing the Four University Clinical Centres; I.M.Jekic, A.Katrava, G.Boulton, N.Koumpis, M.Obrovacki, & A.Milojkovic
Hospital Performance Measurement in Bulgaria; M.Georgieva & E.Moutafova

The Combined Way of Paying Family Medicine in Croatia; M.Katić, D.Jurković & V.Jureša
Reforms of the Organization and Financing of Primary Health Care in Montenegro; Đ.Ostojić & R.Andrić
The National Tender for Prospective Programmes in Slovenia; V.P.Rupel, D.Marušič, J.Ceglar & T.Mate






Edited by

Mihail Arandarenko and Will Bartlett


Published by

FREN - Foundation for the Advancement of Economics


The themes of skill shortage and skill mismatch as constraints on economic growth have become topical issues in the wake of the global economic crisis. As countries struggle to emerge from the deleterious effects of the crisis, many are searching for a ‘new growth model’ based more on indigenous sources of growth than in the past, seeking to change their strategy away from dependence on inflows of capital and credit, a model which was broken in recent years by the changed international environment in the wake of the global economic crisis. The need to understand the key problems in making this second transition from external to internal sources of growth is especially great in the Western Balkans countries which have been hard hit by the economic crisis and have seen unemployment sky-rocket, international debts increase sharply and are struggling to keep budget deficits in line with increasingly stringent conditionality from the international financial institutions. In this environment the need for improved policies to reduce skill gaps and mismatches and improve the concordance between the education system and the labour market calls out for new, reliable research to provide the evidence on which effective policies can be based.

This book presents recent research into the role of labour force skills in underpinning future economic growth in the Western Balkans. It sets out the most recent thinking on the relation between skills and the labour market and between education systems and skill formation. It concludes with a set of policy recommendations that could be readily implemented given the political will to do so. It also reflects on the ways in which countries of the region can benefit from greater regional cooperation in the development of this vitally important aspect of their societies. The book, written by members of the LSEE Research Network on Social Cohesion in collaboration with the Foundation for the Advancement of Economics (FREN) at the Faculty of Economics in Belgrade has been conceived in response to this growing need.

Most of the chapters in the book were presented at an international conference on “New Skills for New Jobs” organised by the Regional Cooperation Council in Sarajevo in October 2011 and were further presented and debated at a research workshop organised by LSEE and FREN and held at the Faculty of Economics in Belgrade in May 2012. We are grateful to both the Friedrich Ebert Stiftung and to LSEE for providing generous support for the participation of researchers from the LSEE Research Network at these events. We are also grateful to the European Training Foundation for providing support for background research for some of the chapters within the context of the European Training Foundation MATCH project and for helpful debate and discussions at European Training Foundation workshops in Turin. We are especially grateful to Jelica Minić and Nand Shani at Regional Cooperation Council for their encouragement and support for the activities of this regional network.


Principles and Designs Revisited

By Solomon Cohen

Published by: Routledge                                           (Frontiers of Political Economy)

Over the past decades, many different kinds of models have been developed that have been of use to policy makers, but until now the different approaches have not been brought together with a view to enhancing the systematic unification and evaluation of these models. This new volume aims to fill this gap by bringing together four decades’ worth of work by S. I. Cohen on economic modelling for policy making. Work on older models has been rewritten and brought fully up to date, and these older models have therefore been brought back to the fore, both to assess how they influenced more recent models and to see how they could be used today.

The focus of the book is on models for development policies in developing economies, but there are some chapters that relate to economic policies in transition and developed economies. The policy areas covered are of typical interest in developing and transition economies. They include those relating to trade liberalization reforms, sustainable development, industrial development, agrarian reform, growth and distribution, human resource development and education, public goods and income transfers. Each chapter contains a brief assessment of the empirical literature on the economic effects of the policy measures discussed in the chapter.

The book presents a platform of economic modelling that can serve as a refresher for practising professionals, as well as a reference companion for graduates engaging in economic modelling and policy preparations.


1. Introduction

2. Some Essentials in Economy Wide Policy Models

3. Socio-political Regimes and Economic Development: Exploratory models on agrarian reform in India and Chile

4. Social Economic Development Goals in Economy Wide Policy Models: An application to Korea

5. Growth and Distribution in SAM Models: Various applications

6. Simplified Statics and Dynamics in the CGE Model: Parameterization and simulations for Indonesia

7. Growth with Redistribution through Liberalization with Restructuring: A CGE policy model of Nepal

8. Sustained Development of Land Resources: A policy model of Nepal

8. Sustained Development of Land Resources: A policy model for Sudan

9. Russia Fall China Rise: Simulation results of SAM models for transiting economies 10. Transiting from Fixed to Flexible Price Regimes: SAM-CGE models of Poland and Hungary

11. Public Spending Multipliers in Extended SAM Models for a Developed Economy 12. Fiscal Policy Simulations in Adapted CGE Models: The Netherlands

13. Normed Planning of Human Resource Development: A roadmap model for Ethiopia

14. Labour Market Imbalances and Adjustments: Forecast model with RAS component

15. Privatization Decisions during Transition: A CBA model applied to Poland

16. Economic Policy Solutions to Social Queuing Problems: A random sampling model

17. Modelling Convergence in Economic Growth between Rich and Poor Countries

18. Modelling of Distinctly Behaving Economic Systems: Theory and applications.


Solomon Cohen is Emeritus Professor of Economics at the Erasmus University Rotterdam, The Netherlands. He founded the Foundation for Economic Research Rotterdam and is a regular advisor to UN, WB, and EU agencies on development issues and in field missions.


4.2 Publication of Scholarly Papers of EACES Members


Hubert Gabrisch

1. Nominal Wage Flexibility across EMU Members: How Endogenous Is the Currency Union?' (with Herbert Buscher), Empirica, , 39 (3), pp. 327-340.

2. The Euro Plus Pact: Competitiveness and External Capital Flows in the EU Countries', (with Karsten Staehr). IOS Working Papers, No 324, November 2012. Download:
3. Sovereign Default Risk in the Euro-Periphery and the Euro-Candidate Countries' with Lucjan T. Orlowski and Toralf Pusch. MPRA Working Paper No 41265. Download:



4.3 Journals’ Recent Publications



Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/621171/description


Economic Systems on ScienceDirect(Opens new window)

Vol. 36 (4), December 2012



1. Firm efficiency: Domestic owners, coalitions, and FDI

Original Research Article, Pages 471-486

Jan Hanousek, Evžen Kočenda, Michal Mašika


2. Spatial inequality and household poverty in Ghana

Original Research Article, Pages 487-505

Samuel Kobina Annim, Simon Mariwah, Joshua Sebu


3. Money market pressure in emerging economies: International contagion versus domestic determinants

Original Research Article, Pages 506-521

Scott W. Hegerty


4. Firms, public good provision and institutional uncertainty: Evidence from Russia

Original Research Article, Pages 522-530

Simo Leppänen, Mikael Linden, Laura Solanko


5. Analyzing China's productivity growth: Evidence from manufacturing industries

Original Research Article, Pages 531-551

Tung Liu, Kui-Wai Li


6. Multifactor explanations of returns on the Warsaw Stock Exchange in light of the ICAPM

Original Research Article, Pages 552-570

Stanisław Urbański


7. Interest rate pass-through in South East Europe: An empirical analysis

Original Research Article, Pages 571-593

Goran Petrevski, Jane Bogoev


8. Monetary policy in a small open economy with fixed exchange rate: The case of Macedonia Original Research Article, Pages 594-608

Branimir Jovanovic, Marjan Petreski


9. Adoption of inflation targeting and tax revenue performance in emerging market economies: An empirical investigation

Original Research Article, Pages 609-628

Yannick Lucotte


10. R. Pomfret, The Age of Equality: The Twentieth Century in Economic Perspective (2011) The Belknap Press of Harvard University Press,Cambridge, MA 9780674062177 283 pp. + index, $28.95, £21.95, €26.10.

Review Article, Pages 629-630

Jens Hölscher

Post Communist Economies

Web page:  http://www.tandfonline.com/toc/cpce20/current


Volume 24, Issue 4, 2012



1. The dual challenge still ahead: economic theory and economic policy in Bulgaria after accession to the European Union

Zoya Mladenova

pages 433-439


2. Industry restructuring in transition after the arrival of multinationals: a general equilibrium analysis with firm-type costs differences

María C. Latorre

pages 441-463


3. Accounting for recent trends in absolute poverty in Poland: a decomposition analysis

Michal Brzezinski

pages 465-475


4. Reduction of the effective corporate tax burden in Romania 1992–2012 and Romania's current ranking among the Central and Eastern European EU member states

Christoph Spengel, Sebastian Lazar, Lisa Evers & Benedikt Zinn

pages 477-502


5. Distribution of personal income tax changes in Slovenia

Mitja Čok, Jože Sambt, Marko Košak, Miroslav Verbič & Boris Majcen

pages 503-515


6. University efficiency and public funding for higher education in Bulgaria

Kiril Tochkov, Nikolay Nenovsky & Karin Tochkov

pages 517-534


7. A selection analysis of returns to education in China

Lili Kang & Fei Peng

pages 535-554

8. Russia and China facing the ‘Great Wall’: how to succeed in the second structural transition

Jan Winiecki
pages 309-325

9. Spatial complementarity of FDI: the example of transition countries

Oleksandr Shepotylo
pages 327-349

10. A free trade agreement between Ukraine and the European Union: potential effects on agricultural markets and farmers' revenues

Olexandr Nekhay, Thomas Fellmann & Stephan Hubertus Gay
pages 351-363

11. Internationalisation of innovative SMEs in the Hungarian medical precision instruments industry

Magdolna Sass
pages 365-382

12. The effectiveness of investment incentives: the Slovenian FDI Co-financing Grant Scheme

Anže Burger, Andreja Jaklič & Matija Rojec
pages 383-401

13. Is non-farm income diversification a feasible option for small-scale farmers? An assessment using a composite fuzzy indicator

Jana Fritzsch
pages 403-417

Article usage statistics combine cumulative total PDF downloads and full-text HTML views from publication date (but no earlier than 25 Jun 2011, launch date of this website) to 02 Oct 2012. Article views are only counted from this site. Although these data are updated every 24 hours, there may be a 48-hour delay before the most recent numbers are available.

14. Price transmission in the milk sectors of Poland and Hungary

Zoltán Bakucs, Jan Fałkowski & Imre Fertő
pages 419-432


Comparative Economic Studies


Web page: http://www.palgrave-journals.com/ces/index.html


Volume 54, Issue 4 (December 2012)




Symposium: Employment – Global and Country Perspectives

Top of page

Symposium Introduction

Employment: Global and Country Perspectives

Michael Spence and Roberto Zagha

689-701; doi:10.1057/ces.2012.42

Top of page

Symposium Articles

The Evolving Structure of the American Economy and the Employment Challenge

Michael Spence and Sandile Hlatshwayo

703-738; doi:10.1057/ces.2012.32


Addressing the Problem of Stagnant Wages

Frank Levy and Thomas Kochan

739-764; doi:10.1057/ces.2012.28


Employment: The Fault Line in India's Emerging Economy

Ajit K Ghose

765-786; doi:10.1057/ces.2012.26


The Two German Labour Market Miracles: Blueprints for Tackling the Unemployment Crisis?

Holger Bonin

787-807; doi:10.1057/ces.2012.39


The Cost of Rigidity: The Case of the South African Labor Market

Johannes Fedderke

809-842; doi:10.1057/ces.2012.25


Education, Jobs, and Equity in the Middle East and North Africa

Djavad Salehi-Isfahani

843-861; doi:10.1057/ces.2012.41





Web pagee: http://www.journals.elsevier.com/journal-of-comparative-economics/

Journal of Comparative Economics

Vol. 40(4), November 2012






Slavery, colonialism and institutions around the world

Pages 531-533

Daniel Berkowitz, Marla Ripoll



Special Issue Articles


2. Finding Eldorado: Slavery and long-run development in Colombia

 Original Research Article

Pages 534-564

Daron Acemoglu, Camilo García-Jimeno, James A. Robinson


3. A note on slavery and the roots of inequality

 Original Research Article

Pages 565-580

Rodrigo R. Soares, Juliano J. Assunção, Tomás F. Goulart


4. The racial gap in education and the legacy of slavery

 Original Research Article

Pages 581-595

Graziella Bertocchi, Arcangelo Dimico


5. Institutional change

 Original Research Article

Pages 596-603

Stanley Engerman


6. Historical datasets on Africa and the African Atlantic

Pages 604-607

Patrick Manning


7. Sassywood

 Original Research Article

Pages 608-620

Peter T. Leeson, Christopher J. Coyne


8. CEO compensation and large shareholders: Evidence from emerging markets

 Original Research Article

Pages 621-642

Francisco Gallego, Borja Larrain


9. Announcement

Page 643


10. ACES Membership Form

Page 644










Web page: http://www.palgrave-journals.com/ejdr/index.html



Volume 24, Issue 5 (December 2012)


Special Section

International Trade and Horizontal Inequalities: Conceptual and Empirical Linkages

Arnim Langer and Frances Stewart

665-687; doi:10.1057/ejdr.2012.25


The Making of Conflict-Prone Development: Trade and Horizontal Inequalities in Peru

José Carlos Orihuela

688-705; doi:10.1057/ejdr.2012.21


Trade Policies and Ethnic Inequalities in Mexico

Alicia Puyana and Sandra Murillo

706-734; doi:10.1057/ejdr.2012.23


Trade, Employment and Horizontal Inequalities in New Order Indonesia

Graham K Brown

735-752; doi:10.1057/ejdr.2012.29


Trade Reforms and Horizontal Inequalities: The Case of Uganda

John Mary Matovu

753-776; doi:10.1057/ejdr.2012.35


Original Articles

Ecosystem Services and Poverty Reduction: How Do Development Practitioners Conceptualize the Linkages?

Martin Sjöstedt

777-787; doi:10.1057/ejdr.2012.16


Microfinance Efficiency: Trade-Offs and Complementarities between the Objectives of Microfinance Institutions and Their Performance Perspectives

Samuel Kobina Annim

788-807; doi:10.1057/ejdr.2011.60


L’impact de la distance et de l’intégration sur le commerce d’une région ultrapériphérique d’Europe: l’île de La Réunion

Fabien Candau, Jean-François Hoarau and Serge Rey

808-831; doi:10.1057/ejdr.2012.17

Top of page

Book Reviews

Poor Economics. A Radical Rethinking of the Way to Fight Global Poverty

F Javier Mato Diaz

832-834; doi:10.1057/ejdr.2012.28


Kenya: Policies for Prosperity

Christian Kingombe

834-835; doi:10.1057/ejdr.2012.27


4.4 New Assignment


Dr. Jens Holscher -- EACES Treasurer and former EACES President – has been appointed as the Research Professor by the Halle Institute for Economic Research following many years of fruitful collaboration with the institute. He will continue his position at Brighton Business School but will also partly work as a Research Professor at Halle Institute for Economic Research. Best wishes to Prof. Holscher for his new assignment!









Managing Board


Expert Image

Tomasz M. Mickiewicz



Economics & Strategy Group (ABS)

Aston University

E-mail: mickiewt@aston.ac.uk

Tel.: +44- 121- 204 3007

E-mail: mickiewt@aston.ac.uk 

Website:  http://www1.aston.ac.uk/aston-business-school/staff/academic/esg/prof-tomasz-mickiewicz/ i


Saul Estrin



Department of Management


Houghton St

             London WC2A 2AE

Tel: +44-20 7955 6605

E-mail: s.estrin@lse.ac.uk



Martin Myant



University of the West of Scotland

Business School   

High Street, Paisley PA1 2BE,

United Kingdom

Tel: 0141-848-3367   Fax: +(44) 141/ 848 3618

E-mail: martin.myant@uws.ac.uk


Jens Hölscher



Brighton Business School

University of Brighton

Mithras House, Lewes Road,

BN2 4AT Brighton, UK

E-mail: J.Holscher@brighton.ac.uk









Other Members of the Executive Committee

(Alphabetical order by family name)


Horst Brezinski

EC Member


TU Bergakademie Freiberg

Department of Economics and Business Administration

Chair for International Economic Relations

Lessingstraße 45, 09596 Freiberg


Tel: +49-3731/39 20 32     

Fax: (+49) 3731/39 27 33

E-mail: Horst.Brezinski@vwl.tu-freiberg.de

Website: http://fak6.tu-freiberg.de/en/internationale-wirtschaftsbeziehungen/team/lehrstuhlinhaber/prof-dr-horst-brezinski/

Hubert Gabrisch

EC Member


Halle Institute for Economic Research

Kleine Märkerstraße 8

D-06108 Halle (Saale)


Tel.: +49 345 7753830 

Fax: +49 345 7753-825

E-mail: gab@iwh-halle.de





Juergen Jerger

EC Member


University of Regensburg and IOS Regensburg,

nach Vereinbarung mit dem

E-mail: jerger@ios-regensburg.de,

Tele: +49-941 943 2697

Fax: +49-941 943-4941

Website: www.wiwi.uni-r.de/jerger

Laura Resmini

EC Member


Università della Valle d’Aosta

Dept. of Economics and Political Science

Loc. Grand Chemin, 73_75

I-11020 St. Christophe (AO)

E-mail: l.resmini@univda.it

Tel. +39-165-066 718;

Fax: +39-165 066 748; 

Website: http://www.univda.it/resminilaura



Magdolna Sass

EC Member


Institute for Economics of the Hungarian Academy of Sciences

1112 Budaörsi út. 45

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

Website: http://econ.core.hu/english/inst/sass.html

Satoshi Mizobata

EC Member


Institute of Economic Research,

Kyoto University

Yoshidahon-machi, Sakyo-ku, Kyoto,

Japan 6068501

Tel: +81-75-753-7144

E-mail: mizobata@kier.kyoto-u.ac.jp


Maria Luigia Segnana

Maria Luigia Segnana

EC Member


Dipartimento di Economia,

Universita' di Trento,

via Inama 5, 38122 Trento.

E-mail: marialuigia.segnana@unitn.it

Tel: +39-461 282225




EC Member


University of Tartu

Institute of Economics

Narva 4, 51009 Tartu


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

E-mail: varblane@mtk.ut.ee



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 ayakovlev@hse.ru and y_andrei@mail.ru


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

University of Brighton, 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



Honorary Members:


Wladimir Andreff

Ronald Dore

Gregory Grossman

Michael Kaser

János Kornai

Marie Lavigne

Angus Maddison0301

Domenico Mario Nuti


Ex – Officio Member

Michael Keren


Hebrew University

Department of Economics

Naphtali Bldg. Scopus Campus, 91905 Jerusalem (Israel)

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



 The beginning of this EACES Quarterly Newsletter 64 presents the presidential address that associates issues on Greek debt crisis and amicable solution to American fiscal cliff. Furthermore, president appreciates those who joined mailing list and contributed for the membership fee.


Section 2 calls for papers for the conference on 5th Dialogue on Social Market Economy: East Asia and Eastern Europe from Globalised Perspective (lessons from Korea and Estonia). This conference will be held at University of Tartu, Estonia during 17-20 April 2013 bringing together leading experts on institutional transformation from Korea, as well as from both Western and Eastern Europe. The conference is expected to be instrumental in comparing the economic development of both Korea and Estonia, particularly how the Korean experience could be relevant to the current challenge for Estonia after its accession to OECD in 2010. Why did the effects of the financial crises vary so strongly between countries?



The reminder of the forthcoming conference/seminar/workshops are summarised in Section 3. More specifically, it presents the agenda of the 27th Research Seminar of the Managing Economic Transition network to be held at Aston Business School, Birmingham, on 25th February 2013. Likewise, information regarding XIV April International Academic Conference on Economic and Social Development at Higher School of Economics, Moscow, during 2-4 April 2013 is also inclusive in this section. Moreover, it also highlights the outline of the forthcoming workshop on Public Procurement: Challenges and Perspectives for Economic Tools at Higher School of Economics, Moscow, from 2nd to 4th April 2013.


In Section 4, this issue covers rich information on recently published books authored/edited by the EACES members. Health Reforms in South-East Europe, published by Palgrave Macmillan and edited by William Bartlett, Jadranka Bozikov and Bernd Rechel covers the issues on current practices in health reform, primary health care reforms, governance and management of hospitals, and health finance reforms. Likewise, information on Labour Market and Skills in the Western Balkans edited by Mihail Arandarenko and Will Bartlett published by Foundation for the Advancement of Economics, is also inclusive in this section. Professor Solomon Cohen authored a book on Economic Models for Policy Making: Principles and Designs Revisited, Published by Routledge - Frontiers of Political Economy. This book has exclusive coverage on essentials in economy-wide policy models, socio-political regimes and exploratory models on agrarian reforms, growth and distribution in SAM models, static and dynamic CGE models and development policies for several countries.


Recent publications by Hubert Gabrisch and new assignment of Dr. Jens Holscher are also mentioned in this section. Furthermore, we have enlisted the new articles published in Economic Systems, Post-Communist Economies, Comparative Economic Studies, Journal of Comparative Economics, and European Journal of Development Research.


The editor would like to include the information on the publications and other academic and professional achievements of the EACES members in the newsletter in a regular basis. Furthermore, any comment/suggestion for the improvement of the newsletter is always welcome. The submissions are requested to deliver either in the form of hard copy or (preferably) electronic copy to:


Sanjaya Acharya

Professor of Economics

Graduate School of Economics

Ritsumeikan University

1-1-1 Noji-Higashi

Shiga 525-8577, Japan

E-mail: sanjaya_acharya@hotmail.com


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: http://www.eaces.net/public.html.

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