Leonid Bezchasniy

Ways to form innovation-oriented model for economic growth in Ukraine
Journal of European Economy, Volume 1, Issue 3, December 2002, pp. 239-250 

JEL:    --	Full text (PDF)
Abstract The paper defines on what conditions regularities for the various elements of economic growth of the innovative type can be implemented in Ukraine. Key words: innovations, investments, competitive advantages, macro-, microeconomic policy, national system of economy, structural and technological restructuring of economy, economic growth.

Thomas Hatzigagios

The “Council regulation on insolvency proceedings”: a tool of globalisation and individualisation in the European Union
Journal of European Economy, Volume 1, Issue 3, December 2002, pp. 251- 266 

JEL:    --

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Abstract The «Council Regulation on Insolvency Proceedings» is a result of various legislative efforts since 1960. It establishes original solutions in international bankruptcy within the European Union. These solutions efficiently protect creditors from an insolvent who has his main seat in one member state and has assets or branches in another member state within the European Union. Among these solutions is the establishment of the secondary proceedings. This solution amalgamates the traditional duo of principles of the international insolvency law, such as «universality/unity» and «territoriality/plurality» and it seeks to promote in the European insolvency law the duo «globalisation/individualisation». Key Words: bankruptcy law, the European Union, convention on insolvency proceedings, council regulation on insolvency proceedings, cross-border insolvency, main bankruptcy, secondary bankruptcy, universality/unity, territoriality/plurality, globalisation/individualisation, creditors’ protection.

Anna Kaczmarska, Jacek M.Ruszkowski

Euroregions on the Polish-Ukrainian borderland as an important link of European integration
Journal of European Economy, Volume 1, Issue 3, December 2002, pp. 267-278 

JEL:    --

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Abstract International communities face the necessity of building a new order and provide favourable climate for mutual confidence which ensures stabilization and development of democracy and expands international cooperation. Before joining the European Union, the role of Poland as the «eastern wall» including euroregions «Bug» and «Karpaty» is specific because it is just here where the interests of the Union and Poland meet. Creation of euroregions pursues the policy to support the socio-economic and cultural development, environmental protection, transport development, etc. Key words: trans-border and inter-regional cooperation, euroregion, frontier, important link, borderland, border areas, martial law, mutual confidence, local communities.

Igor Eremenko

EU enlargement to the East and its impact on non-accession countries: general equilibrium applied analysis
Journal of European Economy, Volume 1, Issue 3, December 2002, pp. 279-296 

JEL:    --

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Abstract The results and consequences of the EU enlargement to the East are investigated, especially is emphasized the impact it has on trade flows of the CEE countries. The model experiments are analyzed, i. e. Computable General Equilibrium Model is employed, and the database is aggregated into 5 regions and 8 sectors of economy. Besides, the concept of the effect of technological gap between the FSU and other countries is introduced. Key words: foreign trade, EU enlargement, technological lag, computable general equilibrium model, export, import, tariffs, trade balance, volume of output.

Nicholas Tsounis, Evangelos Siskos

Bilateral Heckscher-Ohlin theory and the pattern of Greece's trade with the other EU countries
Journal of European Economy, Volume 1, Issue 3, December 2002, pp. 297-312 

JEL:     F11, F14

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Abstract  In this article the Heckscher–Ohlin (H–O) Theorem in its «factor content» version is found to be valid under the existence of non-factor price equalisation conditions in the bilateral trade between two countries, in a model with three countries and many commodities. Further, the H–O Theorem is examined in the trade between Greece and the European Union (EU) countries. It is found that the differences in the pattern of specialisation in the trade between Greece and each of the EU countries is explained by differences in the relative factor endowments. The tests suggest that the H–O Model is valid in the trade between Greece and the EU countries. Key Words: Heckscher–Ohlin Theorem, Greece, EU

Lyudmyla Maslovska

Securing of economic equilibrium and ecologic balance
Journal of European Economy, Volume 1, Issue 3, December 2002, pp. 313-321 

JEL:    --

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Abstract  The article, from the viewpoint of modern economic studies, argues that economic development and economic equilibrium are increasingly more determined by limitations of natural resources and ecology issues. Current complicated ecologic situation, decreasing productivity of geo-ecosystems, depletion of natural resources, and reducing bio-diversity are interpreted as non-equilibrium of living environment and of productive activity of a society, or as the threat to ecology. Special attention is drawn to interconnection and interrelation between stable ecology-friendly development and development in economy. The economic development in author’s opinion brings about new quality of productive forces, leads to changes in production relationships, and renews factors of production and vital functions by reducing consumption of natural resources. Development based on non-traditional factors, such as innovative technological, institutional and nature-efficient, is defined in the article as biosphere-compatible and able to ensure equilibrium and security in a wide scope – economic, social, and ecological.