EACES was founded in 1990

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







No. 65                 Quarterly Publication of EACES                  March 2013







1.1 Message of the President


      1.2 Minutes of EACES EC-AB Meetings






      2.1 ERSA-EACES Special Session on Young people, Education and Labour Market



      2.2 Conference of the Italian Economic Association



      2.3 Poland and the Eurozone


      2.4 EACES Workshop on Competitiveness of Firms, Industries and Countries






      3.1 5th Dialogue on Social Market Economy: East Asia and Eastern Europe


      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 Relocation












1.1 Message of the President




Dear EACES members and friends,


Now, with Cyprus experiencing a banking crisis on top of a fiscal crisis, the future of the Euro project is still uncertain. It seems that the economic cost of supporting the common currency has been high over the last few years. Yet, remarkably, again, the citizens of Cyprus do not want to leave the Euro, even if it seems to imply more suffering over the next few years. Is all that bad judgment?


It depends. If the Euro project fails, it will vindicate opinions of all those who argued it was not viable from the start. It may well be however that in the longer run Europe will emerge stronger. A continent that in the first part of the 20th century produced not much more than terrible racial and class hatred is now one of the anchors of both stability and freedom; the European common market is working and is also demonstrating an ability to reform itself, even if at a slow pace. Thus, personally, I still remain an optimist. Optimism is always more healthy and often self-fulfilling.


Meanwhile, please write down 4-6 September 2014 in your diary. EACES Bi-annual Conference will be hosted by Corvinus University; we are coming back to the beautiful city of Budapest. We are also pleased to confirm that the key note address will be given by Professor Klaus Meyer (CEIBS Shanghai and Copenhagen Business School), one of the leading authorities in International Business research, who won EACES doctoral award in the past. Conference website will be opened in the Autumn of 2013. Please come.


Yet, there are also other issues to report, please see the minutes of the EC-AB committee that met at Aston University in February and other ítems reported in this newsletter.


Special congratulations to


- our treasurer, Jens Hölscher, who was awarded a chair at the department of Accounting, Finance & Economics of the University of Bournemouth and moving there in April to become the head of the department,




- to our secretary, Martin Myant who, since January, took the post of the Head of European Economic, Employment and Social Policy Unit at the European Trade Union Institute at Brussels.


Meanwhile, please have a warm and sunny spring.


Tomasz Mickiewicz


President of EACES  

Prof. of Economics, Aston Business School Aston University






1.2 Minutes of EACES Executive Committee and Advisory Board meeting,

26 February 2013, 9.00-11.00, Aston University, Birmingham


Present: Saul Estrin, Hubert Gabrisch, Jens Hölscher, Jurgen Jerger, Michael Keren, Tomasz Mickiewicz, Martin Myant, Magdolna Sass, Andrei Yakovlev, Urmas Varblane


Apologies: Horst Brzezinski, Laura Resmini, Maria Luigia Segnana, (EC); Wladimir Andreff, Will Bartlett, Marcello Signorelli (AB)


Minutes of meeting of 8 September 2012, as available of the website, had already been circulated to all executive members and agreed as a correct record. That view was confirmed.


Website; TM informed the meeting of progress with a new web address (www.eaces.org redirects to www.eaces.eu) and of registration to the mailing list which is now open to anyone.


Registration of the association; JH was investigating the requirements for registration of the new officers, which is likely to require TM travelling to Germany to sign the relevant documents. JJ will investigate the possibility of moving registration from Freiberg (near Dresden) to Regensburg which should give easier access should need arise. JH to continue liaising with HB on what needs to be done.


Conference 2014; Budapest was approved as the location for the 2014 conference. It will be held at the Corvinus University which can provide rooms, take financial responsibility and which has considerable experience in conference organization. The dates were set for 4-6 September.

It was agreed to aim to hold an executive meeting in Budapest in September 2013, tentatively 13 September, to take any necessary further decisions.

Suggested keynote speakers were Janos Kornai (MS to approach) and Klaus Meyer (TM to approach with a formal letter).


Conference 2015; the question remains open of whether we want to hold, or are capable of holding an annual conference. There were worries that this would cut across the culture of holding quite frequent smaller workshops. A suggestion has come from the US and Japanese associations to hold a conference, possibly jointly with us, in Rome in 2015 (organized locally by Marcello Signorelli and Pasquale Tridico). TM and JH will be attending the joint Japanese-ACES-EACES conference in Seoul in late April 2013 and will discuss the issue there.


Conference 2016; JJ indicated that this could be held in Regensburg. We should take a definite decision before the Budapest conference so that it can be announced there.


St Petersburg: there had also been consideration of either a full conference or a smaller event in St Petersburg. AY indicated that this would be possible, but would require cooperation with other institutions. The issue was left open.


Award for best PhD; the website should be updated in the near future to advertise the award with a closing date at the end of 2013. SE to have overall responsibility for the award, with the understanding that reading and judging PhDs would be shared.


Workshop funding; HG presented a proposal for clarifying rules for what could be funded by the association (partly to ensure compatibility with the associations statutes). His draft is up for comment and amendment and clear decision at the next executive meeting.


Workshop papers; it was agreed that papers from EACES workshops (complete written papers and/or PowerPoint presentations) should be made available on the website, both as a means of dissemination of the work and as a means to show more what we do.


Journal; MK reported on the European Journal of Comparative Economics. More detailed information was subsequently circulated by e-mail to executive committee members.


Working Papers; HG presented a proposal for a working paper series which would enable publication of papers with open-access commentary and debate on papers so published. There was discussion of the possible need to referee inputs (the consensus was to have minimal refereeing) and of the work involved. HG indicated that he was not daunted by this prospect. It was agreed that HG should come to the next meeting with assurance that he had a team (2-3 people) who could ensure that once launched the project would continue to function.


There was no other business and the meeting finished at 11.15am





2.1 ERSA-EACES Special Session on Young people, Education and Labour Market


2.2 Conference of the Italian Economic Association


Call for Papers


The 54th Annual Conference of the Italian Economic Association will be held at the University of Bologna, on 24-26 October 2013.


The central themes of the Conference are:

- From financial to economic crisis and back

- Mathematical analysis of financial markets and the global crisis

- International monetary reform and the coordination of macroeconomic policies

- Human capital, innovation and growth

- Banks and firms in the crisis

- Gender

- Microeconomic foundations of macroeconomics

- Experimental and behavioural economics

- Industrial organization and firms’ behaviour

- Growth models and development

- Migration and remittances

- GDP, well-being and happiness

- Poverty and income distribution

- Social cohesion and financial exclusion

- Network analysis

- Corporate governance and financial regulation

- Trade policies and foreign direct investments

- The Italian Mezzogiorno and regional policies

- Culture, Growth, Well-being and Citizenship (organized with the AEC)

- Towards a Bio-based Economy: a New Development Model? (organized with the AIEAA)

- Energy and Environmental Markets Integration (organized with the AIEE)

- Recent Developments in the European Labour Markets (organized with the AIEL)

-  History of Antitrust Law and Economics (organized with the AISPE)

- Economic Growth and Regional Networks: New Industries and Sustainability (organized with the AISRe)

- Trends in Poverty and Inequality in the EU. A Comparative Perspective (organized with the AISSEC)

- Model Uncertainty in Decisions and Games (organized with the AMASES)

- Economic and Labour Policies for Young People: Theories and Comparative Empirical Evidences  (organized with the EACES)

- Green Economy Growth (organized with the IAERE)

- Nonparametric and Semiparametric Spatial Dependence Models (organized with the SIdE)

- Growth and Tax (organized with the SIEP)

-  Industrial Structures, Crisis Reactions and Growth Prospects (organized with the SIEPI)

- Transportation and Logistics (organized with the SIET)

- Inequality Reduction, Food Security and Sustainable Development (organized with the SITES)

- Economic Theory and Policy-making (organized with the STOREP)

Submissions of papers concerning any other aspect of the economic theory and policy are also welcome.


Submission deadline

Manuscripts, including abstract (no more than 200 words), key words and JEL classification, should be submitted to sie@univpm.it<mailto:sie@univpm.it>. The deadline for submissions is May 20, 2013. Notice of acceptance or rejection will be sent to corresponding authors within July 10, 2013.


Rivista Italianadegli Economisti

Authors who submit for the conference may indicate if they want their work submitted for publication in the Rivista Italianadegli Economisti. There will be a standard refereeing process for the journal that will be separate from the conference screening process and normal quality standards will be applied.


Young Economist Sessions

Sessions will be organised, in which PhD candidates or young researchers may present the results of their research. Authors who would like to be considered for such session are requested to indicate “FOR PHD SESSION” in the submitted paper. Please, note that also in this case a complete paper has to be provided.


Selection Committee

Submissions will be reviewed by a Selection Committee coordinated by Leonardo Becchetti, Roberto Cellini and Alberto Zazzaro.



2.3 Poland and the Eurozone


BU logo







       Poland and the Eurozone - call for proposals




Poland is one of Europe's economic out-performers. The country's history and geography encourage it to be in favour of deeper European integration. But setbacks affecting the EURO impacted Poland's European stance with caution. Proposals for pressing ahead with deeper political integration for EMU countries - a step towards a 'two-speed Europe' that would leave the Poles outside, have been received reservedly in Warsaw.

This conference aims to contribute to discussions on the future shape of economic and monetary union (EMU) and the next steps ahead. Contributions on all aspects are welcome in the form of 300 word abstracts.

We aim to publish a selection of conferences papers with the Palgrave/Macmillan's book series
'Studies in Economic Transition'.

All submissions should be sent to Jens Holscher by closing date?

Submissions are directed to: polandconference@bournemouth.ac.uk

Please save the date:

Date: Thursday 19 & Friday 20 September 2013
Venue: Bournemouth University, Executive Business Centre

Formal invitation with further details to follow.


Main Switchboard: +44 (0)1202 524111

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2.4 EACES Workshop on Competitiveness of Firms, Industries and Countries



Faculty of Economics, University of Belgrade

European Association for Comparative Economic Studies



EACES Workshop

 Competitiveness of Firms, Industries and Countries - Cause and Solution of European Crises



20th -21st September 2013, Belgrade, Serbia


Call for papers

The International Scientific Workshop “Competitiveness of Firms, Industries and Countries - Cause and Solution of European Crises” is jointly organized by the Faculty of Economics, University of Belgrade and the European Association for Comparative Economic Studies (EACES). The Workshop will take place at the Faculty of Economics in Belgrade from 20th to 21st September 2013.

The global financial crisis and the crisis of the European Union have both revealed that current account deficits become unsustainable if they are coupled with a weak competitiveness of the country. International reports (Global Competitiveness Report 2012/2013 of the World Economic Forum, but also other sources) illustrate competitiveness indicators of the Balkan region, and Southern and East-European members of the E(M)U are below average. Re-balancing the economy and balanced growth require strategies for improving competitiveness. The workshop has two aims: (i) discovery of the most important sources for weak competitiveness, and (ii) discussing the political strategies to overcome weak competitiveness.

With respect to the first aim, papers with empirical findings applying state-of-the-art methodology are highly welcome. Studies should have a focus on three levels: firms and industries, aggregate-macro indictors and the integration into international production processes (keyword: global value chains).

With respect to the second aim, papers with a focus on institutional reforms, policy reforms (education & technology), and fiscal-monetary arrangements will be particularly welcome.



Tentative Agenda

Friday, Sep. 20.

12.30-13.30 Accreditations of participants

13.30 Opening of the workshop

13.45-16.15 Paper presentations

16.15-16.45 Coffee break

16.45-19.15 Papers presentations

20.30 Dinner in the city

Saturday, Sep. 21

9.30-11.30 Paper presentations

11.30-12.00 Coffee break

12.00-13.30 Paper presentations

13.30-14.30 Working lunch


The workshop will be organised in plenary sessions. If necessary – depending on the number of papers – some parallel sessions will be organised.


Further information on our website:



Paper submission

Authors are invited to submit abstracts of an original research paper until June 1th 2013 in electronic form (e-mail address: eacesworkshop@one.ekof.bg.ac.yu). The abstracts are to be written in the English language.

An abstract should include:

§  the title of the work,

§  the full name and the address (including e-mail) of the author, the affiliation,

§  between 300-500 words, typed in Font 12, Times New Roman style


Typically, the final paper should have 10-20 pages in total (including tables, graphs, appendices and references), according to the Instructions for authors.

The submitted papers will be reviewed by an international board of reference and authors will be notified of acceptance. Accepted contributions will be published in whole in the Workshop proceedings on a CD-ROM and will be considered as working papers allowing authors to refine them and/or publish elsewhere (if desired).  Upon the reviewing process, a selection of the most interesting papers will be offered for publishing in the international scientific journal Economic Annals (http://ea.ekof.bg.ac.rs/).


Important Dates

  • June 1, 2013

Deadline for abstracts submission

  • June 15, 2013

Notification of abstract acceptance

  • August 25, 2013

Deadline for papers submission

  • September 1, 2013

Notification of paper acceptance




Conference Fee

The participation fee is 70 EUR (for postgraduate students the fee is 50 EUR). Students must submit the confirmation of their status. Thanks to the EACES support there is a possibility for a limited number of discount fees for PhD students.

The participation fee covers the CD of Workshop Procedings, a ceremonial dinner, break refreshments, working lunch and other events.

One Workshop fee has to be paid for each accepted paper, the co-authors have to pay the reduced conference fee (30 EUR) if they also do participate in the Workshop. At least one author of the accepted paper has to participate on the Workshop in order to publish the paper.



Faculty of Economics,

University of Belgrade

Kamenicka 6

11 000 Belgrade


Phone: + 381 11 3021 068

Fax: + 381 11 2639 560




Are innovation systems relevant for innovation and growth?








5th Dialogue on Social Market Economy

University of Estonia, Tartu

17-20 April 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 5th Dialogue on Social Market Economy: East Asia and Eastern Europe from Globalized Perspective

Organizing Committee

Prof.Dr.UrmasVarblane, Chair, University of Tartu, Estonia

Prof.Dr.JüriSepp, Conference Director, University of Tartu, Estonia

Prof.Dr. Stefan KolevWilhelm-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 anymore 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.


Contact address: ulle.maidla@ut.ee


Publication of research results

Conference papers will be pre-printed online as “Ordnungs politische Diskurse / Discourses in Social Market Economy” via “Ordnungs politisches Portal”.(www.ordnungspolitisches-portal.de) Additionally, revised papers will be published within Vol. 5 of “Ordnungs politische 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









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 theNational 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.


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.

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.

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 are 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.

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


Financial Crisis, Labour Markets and Institutions


Edited by Sebastiano Fadda, Pasquale Tridico


Series: Routledge Frontiers of Political Economy

This book seeks to explain the global financial crisis and its wider economic, political, and social repercussions, arguing that the 2007-9 melt down was in fact a systemic crisis of the capitalist system. The volume makes these points through the exploration of several key questions:

- What kind of institutional political economy is appropriate to explain crisis periods and failures of crisis-management?

- Are different varieties of capitalism more or less crisis-prone, and can the global financial crisis can be attributed to one variety more than others?

- What is the interaction between the labour market and the financialization process?


The book argues that each variety of capitalism has its own specific crisis tendencies, and that the uneven global character of the crisis is related to the current forms of integration of the world market. More specifically, the 2007-09 economic crisis is rooted in the uneven income distribution and inequality caused by the current financial-led model of growth.



The book explains how the introduction of more flexibility in the labour markets and financial deregulation affected everything from wages to job security to trade union influence. Uneven income distribution and inequality weakened aggregate demand and brought about structural deficiencies in aggregate demand and supply. It is argued that the process of financialization has profoundly changed how capitalist economies operate. The volume posits that financial globalization has given rise to growing international imbalances, which have allowed two growth models to emerge: a debt-led consumption growth model and an export-led growth model. Both should be understood as reactions to the lack of effective demand due to the polarization of income distribution.






Introduction Sebastiano Fadda and Pasquale Tridico


Part I: Capitalism in Crisis: Nature and Origins

1. Capitalism in Deep Trouble Richard Wolff

2. The North Atlantic Financial Crisis and Varieties of Capitalism: A Minsky moment and/or a Marx moment? And perhaps Max Weber too? Bob Jessop

3. Beyond the Political Economy of Hyman Minsky: What financial innovation means today Anastasia Nesvetailova

4. The Problematic Nature of the Economic and Monetary Union Malcolm Sawyer

5. Financialization, Income Distribution and the Crisis Engelbert Stockhammer


Part II: Impact and Consequences of the Crisis

6. Labour Market Institutions and the Crisis: Where we come from and where we are going Sebastiano Fadda

7. Financial Crisis, Labour Markets and Varieties Of Capitalism: A comparison between the European social model versus the US model Pasquale Tridico

8. Labour Market Rigidities Can Be Useful: A Schumpeterian view Alfred Kleinknecht, C.W.M. Naastepad, Servaas Storm and Robert Vergeer

9. The Unemployment Impact of Financial Crises Enrico Marelli and Marcello Signorelli


Sebastiano Fadda is Professor of Labour Economics and Economic Growth at the University of Roma Tre, Italy. He is also Director of the ASTRIL Research Centre at the University of Roma Tre.


Pasquale Tridico is Professor of Labour Economics at the University of Roma Tre, Italy, and Research Associate at Trinity College Dublin, Ireland. He is currently General Secretary of the European Association for Evolutionary Political Economy.



4.2 Publication of Scholarly Papers of EACES Members


Wladimir Andreff

1. Maturing Strategies of Russian Multinational Companies: Comparison with Chinese Multinationals In: David Dyker, ed., Foreign Investment, The World Scientific Reference on Globalisation in Eurasia and the Pacific Rim, Imperial College Press/World Scientific, London 2013.


2. Crisis as unexpected transition to a greed-based economic system, Research in Political Economy, vol. 28 (Contradictions: Finance, Greed, and Labor Unequally Paid ), edited by Paul Zarembka, Emerald Group Publishing Ltd, Bingley 2013, p. 1-48.



4.3 Journals’ Recent Publications



European Journal of Comparative Economics


Web page: http://eaces.liuc.it/



Dear EACES members,


The European Journal of Comparative Economics is now in its tenth year. We are a young, open online journal, the youngest and the poorest in our field. Only this year we have gone over to three issues per annum. Because of our age and sizeit is not easy for us to rise high in the various leagues of rankings: after all, the total number of articles published in EJCE is only 124, whereas other journals with greater numbers of papers per issue, four rather than two or three yearly issues and a much longer history, have far greater stock of citable papers. We have nevertheless achieved some visibility, and in 2012 our website has registered almost 200,000 downloads and 16 of the papers published in EJCE have already registered more than 10,000 downloads and in RePEc’s latest recursive discounted impact index we are close to the top 20% of all economics journals (334th out of 1649, 20th percentile), and close to and not last of the other journals in our field.


We hope for the support of our colleagues in AECES: we would hope that you send us the fruit of your research, and that you help us in the all-important quality check by agreeing to serve as strict referees for the EJCE.






Michael Keren                       Giovanni Ramello                 Vittorio Valli



copertina fascicolo

EJCE, vol. 9, n. 3, 2012



Determinants of the Size of the Nonprofit Sector
by Frederic L. Pryor                                                                                                                             337-348


Monetary Policy and Banking Supervision: still at Arm’s Length? A Comparative Analysis
by Donato Masciandaro                                                                                                                  349-366


Growth Propensities under Capitalism and Profit-Oriented Market Socialism
by James Arthur Yunker                                                                                                                   367-394


The Role of Italian FDI in Southeast Europe’s International Integration. A Focus on Investors from the Marche Region
by Eleonora Cutrini ; Francesca Spigarelli                                                                                      395-424


Efficiency in Human Development: a Data Envelopment Analysis
by Valérie Vierstraete                                                                                                                           425-443


Knowledge Enclosures, Forced Specializations and Investment Crisis
by Filippo Belloc ; Ugo Pagano                                                                                                           445-483





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


"Economic Systems" journal has just been accepted for indexation at Social Science Citation Index. Not being cited was an anomaly for a journal of that standing, and I am convinced it will be one of the cases, where its position on SSCI will increase very fast from now onwards.

Please support Economic Systems by sending your best papers there; it has always been a highly regarded journal and will become even more now, with a fair chance to overtake any competition in comparative economics field.

The journal is edited by Richard Frensch with Ali Kutan and co-editor, on behalf of Institute of East and Southeast European Studies at Regensburg, with EACES cooperation.

With congratulations to both Richard and Ali!


Economic Systems on ScienceDirect(Opens new window)

Vol. 37 (1), March 2013



Modeling institutional evolution

Pages 1-16
Bilin Neyapti


Measuring the interconnectedness of financial institutions

Pages 17-29
Ramaprasad Bhar, Biljana Nikolova


The transition from dual-track pricing to a market system: Winners and losers

Pages 30-44
John Bennett, Huw Dixon, Helen X.Y. Hu


Structural breaks in public finances in Central and Eastern European countries

Pages 45-60
Astrid Ayala, Szabolcs Blazsek


Persistence and non-linearity in US unemployment: A regime-switching approach

Pages 61-68
Emrah Ismail Cevik, Sel Dibooglu


Transparency and inflation: What is the effect on the Brazilian economy?

Pages 69-80
Helder Ferreira de Mendonça, Karine Alves de Siqueira Galveas


International stock market integration: Central and South Eastern Europe compared

Pages 81-91
Roman Horvath, Dragan Petrovski


Financial intermediation costs in low income countries: The role of regulatory, institutional, and macroeconomic factors

Pages 92-110
Tigran Poghosyan


Internet usage and the shadow economy: Evidence from panel data

Pages 111-121
Ceyhun Elgin


A survey on time-varying parameter Taylor rule: A model modified with interest rate pass-through

Pages 122-134
Ebru Yüksel, Kivilcim Metin-Ozcan, Ozan Hatipoglu


F. Keereman, I. Szekely, Editors, Five Years of an Enlarged EU: A Positive Sum Game (2010) Springer,Berlin/Heidelberg 978-3642125157 xxix + 256 pp., index, €106,95/$139.

Pages 135-137
Hans-Jürgen Wagener


S. Acharya, Pro-poor Growth and Liberalization in Developing Economies—The Case of Nepal, Routledge Studies in the Growth Economies of Asia (2011) Routledge,Milton Park, Abingdon, Oxon, and New York 216 pp., $130, ISBN-10: 0415580285, ISBN-13: 978-0415580281.

Pages 137-138
Jens Hölscher


D.C. North, J.J. Wallis, B.R. Weingast, Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History (2009) Cambridge University Press,Cambridge 326 pp., €25.95, ISBN-10: 0521761735, ISBN-13: 978-0521761734.

Pages 138-140
Karim Khan











Post Communist Economies

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


Volume 25, Issue 1, 2013




Adjustment mechanisms and exchange rate regimes in 2004 new EU members during the financial crisis

Kosta Josifidis, Jean-Pierre Allegret & Emilija Beker Pucar

pages 1-17


Deviation of the Ukrainian hryvnia from the equilibrium exchange rate

Valentyna Ozimkovska & Stanislaw Kubielas

pages 18-36


Eastern Germany's economic development revisited: path dependence and economic stagnation before and after reunification

Ulrich Blum

pages 37-58


Why are agroholdings so pervasive in Russia's Belgorod oblast'? Evidence from case studies and farm-level data

David Epshtein, Konstantin Hahlbrock & Jürgen Wandel

pages 59-81


Why are spillovers through backward linkages from multinational corporations in the Czech motor industry still limited?

Eric Rugraff

pages 82-98


Retirement decisions in transition: microeconometric evidence from Slovenia

Sašo Polanec, Aleš Ahčan & Miroslav Verbič

pages 99-118


The extent of poverty in the Czech and Slovak Republics 15 years after the split

Jitka Bartošová & Tomáš Želinský

pages 119-131


Comparative Economic Studies


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


Volume 55, Issue 1 (March 2013)




Regular Articles

Monetary Policy Conduct in Seven CESEE Countries on Their Road to the Euro

Marjan Petreski

1-41; doi: 10.1057/ces.2012.34

Bureaucratic Monopoly and the Nature and Timing of Bribes: Evidence from Croatian Data

Rajeev K Goel, Jelena Budak & Edo Rajh

43-58; doi:10.1057/ces.2012.36

Decomposition of Ethnic Heterogeneity on Growth

Eiji Yamamura & Inyong Shin

59-75; advance doi: 10.1057/ces.2012.37

Non-Positive Scaling Factor in Probability Quantification Methods: Deriving Consumer Inflation Perceptions and Expectations in the Whole Euro Area and Ireland

Tomasz Łyziak

77-98; doi: 10.1057/ces.2012.31

The Penn Effect and Transition: The New EU Member States in International Perspective

Richard Frensch & Achim Schmillen

99-119; doi: 10.1057/ces.2012.35

The Supply and Demand Factors Behind the Relative Earnings Increases in Urban China at the Turn of the 21st Century

Hang Gao, Joseph Marchand & Tao Song

121-143; doi: 10.1057/ces.2012.43

Information Misreporting in the Credit Market: Analysis of a Credit Bureau's Disciplinary Role

Mahmoud Sami Nabi & Souraya Ben Souissi

145-166; doi: 10.1057/ces.2012.33

Soviet Banking, 1922–1987: An Analysis of Gosbank Balance Sheets

Yasushi Nakamura

167-197; doi: 10.1057/ces.2012.40




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

Journal of Comparative Economics

         Vol. 41(1), February 2013




Quick guide to New Institutional Economics

Pages 1-5

Thráinn Eggertsson


Political centralization in pre-colonial Africa

Pages 6-21

Philip Osafo-Kwaako, James A. Robinson


Do superpower interventions have short and long term consequences for democracy?

Pages 22-34

Daniel Berger, Alejandro Corvalan, William Easterly, Shanker Satyanath


Corporatism and job satisfaction

Pages 35-47

Edmund Phelps, Gylfi Zoega


Changing social contracts: Beliefs and dissipative inclusion in Brazil

Pages 48-65

Lee J. Alston, Marcus Andre Melo, Bernardo Mueller, Carlos Pereira


Turning cheap talk into economic growth: On the relationship between property rights and judicial independence

Pages 66-73

Stefan Voigt, Jerg Gutmann


Do institutions not matter in China? Evidence from manufacturing enterprises

Pages 74-90

Yi Lu, Ivan P.L. Png, Zhigang Tao


The political economy of incentive regulation: Theory and evidence from US states

Pages 91-107

Carmine Guerriero


Democracy, globalization and ethnic violence

Pages 108-125

Dirk Bezemer, Richard Jong-A-Pin


The impact of international trade on institutions and infrastructure

Pages 126-140

Gal Hochman, Chrysostomos Tabakis, David Zilberman


Electoral rules, forms of government and redistributive policy: Evidence from agriculture and food policies

Pages 141-158

Alessandro Olper, Valentina Raimondi


The impact of income on democracy revisited

Pages 159-169

Yi Che, Yi Lu, Zhigang Tao, Peng Wang


Quantifying parliamentary representation of constituents’ preferences with quasi-experimental data

Pages 170-180

David Stadelmann, Marco Portmann, Reiner Eichenberger


History matters: New evidence on the long run impact of colonial rule on institutions

Pages 181-200

Patricia Jones


What are the drivers of TFP in the Aging Economy? Aging labor and ICT capital

Pages 201-211

Pekka Ilmakunnas, Tatsuyoshi Miyakoshi


Do political parties foster business cycles? An examination of developed economies

Pages 212-226

Koyin Chang, Yoonbai Kim, Marc Tomljanovich, Yung-Hsiang Ying


Economic reform, education expansion, and earnings inequality for urban males in China, 1988–2009

Pages 227-244

Xin Meng, Kailing Shen, Sen Xue


Threats to security of property rights in a transition economy: An empirical perspective

Pages 245-264

Rostislav Kapeliushnikov, Andrei Kuznetsov, Natalia Demina, Olga Kuznetsova


Investment behavior and ownership structures in Ukraine: Soft budget constraints, government ownership and private benefits of control

Pages 265-278

Dariya Mykhayliv, Klaus G. Zauner


Social networks and bribery: The case of entrepreneurs in Eastern Europe

Pages 279-293

Larry Chavis


Firm, country and macroeconomic determinants of capital structure: Evidence from transition economies

Pages 294-308

Karin Jõeveer





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



Volume 25, Issue 2 (April 2013)


Original Articles

Impact of FDI, ODA and Migrant Remittances on Economic Growth in Developing Countries: A Systems Approach FREE

Nigel Driffield and Chris Jones

173-196; doi:10.1057/ejdr.2013.1


‘Who Seeks, Finds’: How Artisanal Miners and Traders Benefit from Gold in the Eastern Democratic Republic of Congo FREE

Sara Geenen

197-212; doi:10.1057/ejdr.2012.19


Latin American Post-Neoliberal Development Thinking: The Bolivian ‘Turn’ Toward Suma Qamaña  FREE

Manuel Mejido Costoya

213-229; doi:10.1057/ejdr.2012.41

The Reach of Rural Services in Ethiopia: An Asset and Gender-Based Public Expenditure Benefit Incidence Analysis FREE

Tewodaj Mogues

230-251; doi:10.1057/ejdr.2013.2


Unfulfilled Mandate? Exploring the Electoral Discourse of International Development Aid in UK Westminster Elections 1945–2010 FREE

Paul Chaney

252-270; doi:10.1057/ejdr.2012.34


Local Agency and Structural Continuity: Views from an SHG-based Microcredit Scheme in Western India FREE

Nikita Sud

271-287; doi:10.1057/ejdr.2012.40


The people know they need religion in order to develop’: Religion's Capacity to Inspire People in Pune's Slums FREE

Zara Bhatewara and Tamsin Bradley

288-304; doi:10.1057/ejdr.2012.32


The Politics of Philanthropy and Welfare Governance: The Case of Turkey FREE

Behrooz Morvaridi

305-321; doi:10.1057/ejdr.2012.54

Top of page

Book Reviews

Youth Gangs and Street Children: Culture, Nurture and Masculinity in Ethiopia FREE

Gareth A Jones

322-324; doi:10.1057/ejdr.2013.4


Globalization and Economic Nationalism in Asia FREE

Matthew McCartney

324-326; doi:10.1057/ejdr.2012.51


The Decline and Fall of Europe FREE

Manuel Au-yong Oliveira and João José Pinto Ferreira

326-329; doi:10.1057/ejdr.2012.53


Growth, Inequality and Social Development in India: Is Inclusive Growth Possible? FREE

L N Venkataraman

329-330; doi:10.1057/ejdr.2013.3

Top of page


Reforming Justice: A Journey to Fairness in Asia FREE

Livingston Armytage










Web page: http://ea.ekof.bg.ac.rs/


Vol. 195, October-December 2012




The financial and structural capabilities of key infrastructure sectors in Serbia

Dejan Malinić, Vlade Milićević

7 – 42, DOI: 10.2298/EKA1295007M M41, M48


Impact of liquidity and size premium on equity price formation in Serbia

Jelena Minović, Bosko Živković

43 – 78, DOI: 10.2298/EKA1295043M G12


Household age structure and consumption in Serbia

Biljana Radivojević, Petar Vasić

79 - 102 DOI: 10.2298/EKA1295079R J10, J12, D12, D91


Barriers to competitive fringe expansion as a seed of market power

Anzhelika Gerasymenko

103 – 114, DOI: 10.2298/EKA1295103G L11, L12, L13


Social responsibility and ethics in the banking business: myth or reality? A case study from Slovak republic

Jaroslav Belás

115 – 138, DOI: 10.2298/EKA1295115B G21, Z13, M14, M12


Sustainability analysis of Serbia's current account deficit

Srđan Boljanovic

139 – 172, DOI: 10.2298/EKA1295139B E21, E22, F21, F32, F34, F37


Instructions to Authors



4.4 Relocations


Jens Holscher -- EACES Treasurer and former EACES President –has been appointed as the Professor and Head of Department of Accounting, Finance and Economics at Bournemouth University starting from April 2013. Likewise, EACES secretary, Martin Myant, has taken the post of the Head of European Economic, Employment and Social Policy Unit at the European Trade Union Institute at Brussels. Best wishes to both Jens and Martin for the new assignments!






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



European Trade Union Institute

Bd du Roi Albert II, 5

1210 Brussels

e-mail: MMyant@etui.org




Jens Hölscher


Head of Department

Accounting, Finance & Economics

The Business School, Bournemouth University

Executive Business Centre

89 Holdenhurst Road, Bournemouth BH8 8EB, UK

E-mail: jholscher@bournemouth.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

KleineMärkerstraße 8

D-06108 Halle (Saale)


Tel.: +49 345 7753830 

Fax: +49 345 7753-825

E-mail: gab@iwh-halle.de







EC Member


University of Regensburg and IOS Regensburg,




Tele: +49-941 943 2697

Fax:+49-941 943-4941

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

Laura Resmini

EC Member

Universitàdella 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 Budaörsiút. 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 LuigiaSegnana

EC Member

Dipartimento di Economia,

Universita' di Trento,

viaInama 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.ruand y_andrei@mail.ru


Members of the Advisory Board 





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



Department of Economics, University of Perugia


Vittorio Valli

Università di Torino, Dept. Economia


Hans-Jürgen Wagener

Europa UniversitaetViadrina, Frankfurt/Oder


Honorary Members:


Ronald Dore

Gregory Grossman

Michael Kaser


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


Presidential message in this 65th issue of the EACES newsletter highlights two important issues: first, the emerging banking crisis in Cyprus on top of the European fiscal crisis, and second the confirmation of the forthcoming bi-annual conference in 2014. EACES will host its 13th bi-annual conference during 4-6 September 2014. Corvinus University of the beautiful city of Budapest will host this conference. Moreover,  EACES EC-AB are also pleased to confirm that the key note address will be given by Professor Klaus Meyer (CEIBS Shanghai and Copenhagen Business School), one of the leading authorities in International Business research, who won EACES doctoral award in the past. Conference website will be opened in the Autumn of 2013. Section 1 of this newsletter also presents the minutes of EACES EC-AB meetings held at Aston University, Birmingham on 26 February 2013. It exclusively incorporates information regarding the registration of the association, conference during 2014 - 2016, best doctoral award, workshop funding/papers, and EACES journals.Why did the effects of the financial crises vary so strongly between countries?

Call for papers in Section 2 includes messages concerning European Regional Science Association (ERSA)-EACES Special Session on Young people, Education and Labour Market to be held in 27-31 August at University of Palermo, Italy. Likewise, also included in this section are the calls for papers to the 54th Annual Conference of the Italian Economic Association going to be held at the University of Bologna during 24-26 October 2013, and Poland and Eurozone Conference at Bournmouth University during 19-20 September, 2013. Section 3 presents the reminders of the conferences/workshops to be held in April 2013. They include 5th Dialogue on Social Market Economy to be held at the University of Estonia, Tartu in 17-20 April 2013; XIV April International Academic Conference on Economic and Social Development and Public Procurement: Challenges and Perspectives for Economic Tools both to be held at National Research University, Higher School of Economics (HSE), Moscow during 2-4 April 2013.

Recent publications and relocations of the EACES members are mentioned at Section 4. It presents exclusive information of the book on Financial Crisis, Labour Markets and Institutions edited by Sebastiano Fadda and Pasquale Tridico and published as the Routledge Frontiers of Political Economy. Likewise, the section is also enriched with the listing of the recent publications of Wladimir Andreff. Included in Section 4 is also the list of the recent articles appeared in the European Journal of Comparative Economics, Economic Systems, Post-communist Economies, Comparative Economic Studies, Journal of Comparative Economics, and European Journal of Development Research, and Economic Annals. Many thanks to the editorial board of Economic Systems for the success of getting this journal included in SSCI. The end of this section mentions the appointments of Jens Holscher as the Professor and head of the Department of Accounting, Finance and Economics at Bournemouth University starting from April 2013, and Martin Myant as the Head of European Economic, Employment and Social Policy Unit at the European Trade Union Institute at Brussels.

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