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Monthly Report No. 2/2023

Author

Listed:
  • Tereza De Castro
  • Branimir Jovanović

    (The Vienna Institute for International Economic Studies, wiiw)

  • Michael Landesmann

    (The Vienna Institute for International Economic Studies, wiiw)

  • Sebastian Leitner

    (The Vienna Institute for International Economic Studies, wiiw)

  • Cristina Procházková Ilinitchi
  • Ondřej Sankot
  • Jana Vlčková

Abstract

Chart of the Month Inflation differential between households, income inequality and energy poverty by Sebastian Leitner Opinion Corner What future for the economic reconstruction of Ukraine? by Michael Landesmann Once the vehemence of the military conflict abates, Ukraine has the potential to follow the catch-up experiences of EU-CEE countries. However, this requires massive support and engagement by the EU and other Western partners, and it also needs the institutional and political economy deficiencies that blighted the country in the past to be overcome. Much effort needs to be devoted to reversing outward migration, making the country attractive to foreign investors, rebuilding and modernising its infrastructure and managing the necessary reorganisation of the economy both regionally and structurally. What can we learn from price controls in the Western Balkans? by Branimir Jovanović Price controls can help curb inflation, but their effectiveness depends on the type of control used. ‘Hard’ price controls – which place a limit on final product prices and do not raise that limit – are effective, whereas controls that limit only profit margins or that raise the price cap over time are not. The strategy for exiting price controls is also important abolishing them abruptly amidst global price pressures can undo all the hard-won gains. Mapping the capabilities and export opportunities of Czechia by Ondřej Sankot, Jana Vlčková, Cristina Procházková Ilinitchi and Tereza De Castro Czechia is an exceptionally export-oriented country, with a high level of economic complexity. Its innovative capabilities, however, remain limited. We determine the country’s optimal diversification path by identifying machinery for specialised industries, machine-tools for specialised industries, and pneumatic or non-electric hand tools as the most promising export categories in terms of complexity, expected trade volume growth, and proximity to Czechia’s existing production capabilities and manufacturing base. Monthly and quarterly statistics for Central, East and Southeast Europe

Suggested Citation

  • Tereza De Castro & Branimir Jovanović & Michael Landesmann & Sebastian Leitner & Cristina Procházková Ilinitchi & Ondřej Sankot & Jana Vlčková, 2023. "Monthly Report No. 2/2023," wiiw Monthly Reports 2023-02, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:mpaper:mr:2023-02
    as

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    References listed on IDEAS

    as
    1. Bernard, Andrew B. & Bradford Jensen, J., 1999. "Exceptional exporter performance: cause, effect, or both?," Journal of International Economics, Elsevier, vol. 47(1), pages 1-25, February.
    2. Felipe, Jesus & Kumar, Utsav & Abdon, Arnelyn & Bacate, Marife, 2012. "Product complexity and economic development," Structural Change and Economic Dynamics, Elsevier, vol. 23(1), pages 36-68.
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