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421. Economic Survey of the Russian Federation, 2006

Publication Date:
11-2006
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The Russian economy has been enjoying a period of robust growth, thanks largely to steadily rising terms of trade. The challenge confronting policy-makers is to facilitate Russia's transition into a period of self-sustaining, investment- and innovation-led growth. This will require a sound macroeconomic policy framework to manage the economy's adjustment to sustained high oil prices and a range of structural reforms aimed at creating better framework conditions for business.
Topic:
Development, Economics, and Markets
Political Geography:
Russia, Europe, and Asia

422. Policies for Migration and Development: A European perspective

Author:
Theodora Xenogiani, Robert E.B. Lucas, and Louka T. Katseli
Publication Date:
10-2006
Content Type:
Working Paper
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Managing migration has become a priority for policy makers both in developed and developing countries; it is a difficult challenge indeed. Large immigration or emigration flows relative to domestic population's impact on almost all aspects of an economy and society: family structures, community life, educational and health systems, labour markets, security systems, governance and institutions. Despite the inherent difficulties in policy making, there is a growing awareness that if management can be improved, important gains for both migrant-receiving (“host”) and migrant-sending (“home”) countries may be generated. Effective management can furthermore mitigate the risks associated with migration.
Topic:
International Relations, Development, and Migration
Political Geography:
Europe

423. Economic Survey of Ireland, 2006

Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Ireland has continued its exemplary economic performance, attaining some of the highest growth rates in the OECD. After a remarkable decade, per-capita income has caught up with and overtaken the EU average. Further progress will require strong productivity growth and continued increases in labour supply. These challenges are familiar to most OECD economies. But it also faces some issues that are less common: it is going through a transition phase in upgrading its social services; infrastructure levels need to catch up with the boom in activity and population that has occurred over this period; and it has to manage some sizeable macroeconomic risks.
Topic:
Development, Economics, and Markets
Political Geography:
Europe and Ireland

424. Vladimir Putin and Russia's Oil Policy

Author:
Martha Brill Olcott
Publication Date:
02-2005
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The honeymoon between the Western oil industry and Russian President Vladimir Putin ended in mid-2003 when the Russian procurator's office began arresting Yukos executives. The Kremlin's seemingly sudden attack on private industry surprised the international business community that was expecting investment-friendly behavior from the Russian leadership. After assuming power in late 1999, Putin quickly signaled interest in developing a strong energy partnership with the United States, including increased opportunities for Western firms to invest in Russia's oil and gas industry.
Topic:
Development, Energy Policy, and Industrial Policy
Political Geography:
Russia, United States, Europe, and Asia

425. Reform Prospects during Mubarak's Fifth Term

Author:
Khairi Abaza
Publication Date:
09-2005
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On September 27, Hosni Mubarak will be sworn in for a fifth consecutive term as president of Egypt. Mubarak was reelected according to new electoral procedures introduced earlier this year that allowed for a competitive election between multiple candidates. The opposition, united in its calls for more democracy, criticized the reforms, claiming that they only aimed at strengthening the regime's grip on power. For his part, Mubarak pledged to introduce further political reforms during his fifth mandate. What would a reform program look like and what would its prospects be?
Topic:
Democratization, Development, and Government
Political Geography:
Africa, Europe, and Egypt

426. Does Financial Openness Promote Economic Integration? Some Evidence from Europe and the CIS

Author:
Fabrizio Carmignani and Abdur Chowdhury
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
We study whether financial openness facilitates the economic integration of formerly centrally planned economies with the EU- 15. Two dimensions of economic integration are considered: cross-country convergence of per-capita incomes and bilateral trade in goods and services. We find that more financially open economies effectively catch-up faster and trade more with the EU-15. These integration-enhancing effects occur over and above any effect stemming from domestic financial deepening and other factors determining growth and trade.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
Europe

427. The Effects of (within and with EU) Regional Integration: Impact on Real Effective Exchange Rate Volatility, Institutional Quality and Growth for MENA Countries

Author:
Iftekhar Hasan and Leonardo Becchetti
Publication Date:
12-2005
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
We analyse two potential effects arising from regional (and with EU) integration—increased quality of institutions (including the quality of financial institutions) and, economic policies and reduced multilateral exchange rate volatility— in a conditional convergence growth framework for MENA countries. To this purpose we outline an ad hoc methodology which implements the traditional bilateral exchange rate measures to test effects of multilateral exchange rate volatility on growth of per capita GDP. Our estimates show that both factors (quality of institutions and reduction of multilateral volatility) significantly and positively affect growth and conditional convergence. We observe that MENA countries are not far from EU and OECD countries in terms of exchange rate volatility, but much below in terms of institutional quality. We finally simulate the potential effects of an improvement in institutional quality in MENA countries on their process of growth and conditional convergence. We conclude arguing that regional integration may be highly beneficial for such countries, mainly because of its effects on institutional quality.
Topic:
Development, Economics, and Regional Cooperation
Political Geography:
Europe

428. Hub-and-Spoke or Else? Free Trade Agreements in the Enlarged EU - A Gravity Model Estimate

Author:
Luca De Benedictis, Roberta De Santis, and Claudio Vicarelli
Publication Date:
06-2005
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The aim of this paper is to estimate the effect of the EU's eastern enlargement on the trade patterns of the Central and Eastern European countries (CEECs)1 that joined the EU in May 2004. In particular, the paper investigates whether and how the EU free trade agreements (FTAs) with the CEECs affected centre-peripheral and intra-peripheral trade flows. It also evaluates whether the prospect of joining the EU had the added positive effects on the export flows of the CEECs that had been anticipated.
Topic:
Development and International Trade and Finance
Political Geography:
Europe and Eastern Europe

429. Iran: The Moment of Truth

Author:
Patrick Clawson, François Heisbourg, and Vladimir Sazhin
Publication Date:
06-2005
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The definition of European policy objectives and strategies vis-à-vis Iran's nuclear ambitions must take into account the specificities of the case, setting, as it were, its problématique. First, we have the unusual situation of a basically three-way game: the EU (and notably the EU-3, comprising the UK, France and Germany), Iran and the 'significant other', the United States, which is outside of the negotiation but a key player. Any student in strategy knows that a triangle is the most unstable and tricky combination to deal with, and the presence of yet another set of outsiders (notably Russia and China) adds another element of complexity.
Topic:
Development and Peace Studies
Political Geography:
Russia, United States, United Kingdom, Europe, Iran, Middle East, France, and Germany

430. Is the European Economy a Patient and the Union its Doctor? On Jobs and Growth in Europe

Author:
Sjef Ederveen, Albert van der Hoorst, and Paul Tang
Publication Date:
04-2005
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
A stronger focus on jobs and growth is part of an effort to renew the Lisbon strategy. Yet the view that economic expansion contributes to maintaining Lisbon's other goals of social cohesion as well as the environment is somewhat optimistic. First, there are structural trade-offs among the central elements of the Lisbon strategy. Escaping these trade-offs temporarily is sometimes possible but requires policy changes. Second, higher productivity (growth) may not provide more structural room for governments to manoeuvre. It leads to higher tax receipts but also to higher public expenditures since public sector wages and social security benefits are linked to productivity. In contrast, more employment (jobs) is associated with a smaller public sector. But to engineer the increase in employment, changes in welfare state arrangements are needed. In other words, focussing solely on the sick child will probably harm the other children.
Topic:
Security, Development, Economics, and Human Welfare
Political Geography:
Europe and Lisbon