Falling Behind and Catching Up in Southeast Europe (GDN)

Client/Funding Institution

Oesterreichische Nationalbank/Austrian Ministry of Finance


Southeast Europe holds a long record of being one of Europe’s least developed regions. Sporadic growth spurts are regularly followed by strong fall-backs. Neither firms, nor banks or states were able to make broad industrialization happen in a sustainable way. The proposed research analysed the determinants and effects of backwardness in Southeast Europe. The analysis included inter alia issues of long-run development, industrialization, infrastructure, the role of cities, migration, state building and financial crisis. The results yielded important policy recommendations.


January 2014 - May 2017

wiiw team Leader

Robert Stehrer

wiiw Staff

Vladimir Gligorov, Mario Holzner, Veronika Janyrova, Sandra M. Leitner, Isilda Mara, Roman Römisch


External Publications

wiiw Balkan Observatory

Keywords: labour market, migration, economic policy, european integration, macroeconomic analysis, industrial organisation, manufacturing, regional development

Countries covered: Albania, Balkan States, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, SEE, Serbia, Turkey

Research Areas: Macroeconomic Analysis and Policy, Labour, Migration and Income Distribution, Regional Development, Sectoral studies