Monthly Report No. 12/2017


Vasily Astrov, Edward Bbaale, Leon Podkaminer and Oliver Reiter

wiiw Monthly Report No. 12, December 2017
47 pages including 4 Tables and 32 Figures

Current issues accessible exclusively for Members. Free access after an embargo period of six months.

  • Graph of the month: Gross domestic product, real growth in %, average 2012-2016 (p. 1)
  • Opinion corner: Do trade imbalances affect economic growth? (by Leon Podkaminer, pp. 2-4)
  • Trade effects of EU integration arrangements in the Western Balkan countries (by Oliver Reiter, pp. 5-8)
  • Corruption and firm-level productivity: greasing or sanding effect? (by Edward Bbaale, pp. 9-15)
  • Kyrgyzstan: suffering from ‘Dutch disease’? (by Vasily Astrov, pp. 16-21)
  • Recommended reading (p. 22)
  • New wiiw Handbook of Statistics (p. 23)
  • Statistical Annex: Monthly and quarterly statistics for Central, East and Southeast Europe (pp. 24-45)


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Keywords: economic growth, international trade, trade imbalances, balance-of-payments crises, EU accession, Stabilisation and Association Agreements, trade liberalisation, productivity, corruption, red tape, labour migration and remittances, external competitiveness

Countries covered: CESEE, Kyrgyzstan, Western Balkans, Africa, non specific

Research Areas: Macroeconomic Analysis and Policy, Labour, Migration and Income Distribution, International Trade, Competitiveness and FDI