EU Crisis and the Role of the Periphery (Contributions to Economics)

The European economy is still in recession, even though there are some weak indications of stabilization. This book examines important aspects of the crisis in selected countries of Southern Europe, the Balkans and Eastern Europe. The intensity of the crisis and its economic and social repercussions have varied from country to country, generally impacting the core countries less than those on the periphery. The countries in the latter group currently face significant structural challenges with regard to improving productivity and competitiveness, including the areas of investment, climate, the labour market, and the public sector. The book not only illustrates the scope of the problem, but also informs readers on the policies implemented to address it, and discusses the progress some of the economies have already made. Special topics include the convergence hypothesis, agriculture and growth, Public-Private Partnership in Infrastructure (PPPI), and the labour market.-- Provided by Publisher Front Matter....Pages i-xii Front Matter....Pages 1-1 The Debate About Political Risk: How Corruption, Favoritism and Institutional Ambiguity Shape Business Strategies in Ukraine....Pages 3-19 Investigating the Convergence Hypothesis in the Eu: More Evidence Accounting for Structural Breaks....Pages 21-39 Empirical Analysis of the Shadow Economy of the South East European Countries....Pages 41-56 Optimum Currency Area Theory, Nominal and Real Convergence Controversies and the European Experience After the Recent Global Economic Crisis....Pages 57-73 The Annual Demand for Seasonal Immigrant Labor in Greece During the Crisis Period....Pages 75-91 Front Matter....Pages 93-93 A Country’s Process of Development as Described by a Cusp Catastrophe Model....Pages 95-113 Catastrophic Risk in Local Government Units: Search for Optimal Risk Management....Pages 115-129 Infrastructure Public Private Partnership Investments: A Comparative Analysis of Western Balkan and Emerging Countries....Pages 131-145 Agriculture’s Role in Economic Growth: An Exploratory Study Among Southern and Northern EU Countries....Pages 147-162 Front Matter....Pages 163-163 Commercial Real Property Investments Under Debt Crisis Economic Conditions....Pages 165-187 Would Consumers Be Willing to Buy Woody Biomass Energy Products of Transgenic Origin?....Pages 189-202 Analysis of Insurance Market Development in Eastern European Countries Based on S-Curve....Pages 203-216