Ms.Faezeh Raei

Emigration and Its Economic Impact on Eastern Europe

This paper analyses the impact of large and persistent emigration from Eastern European countries over the past 25 years on these countries’ growth ...

Lifting Growth in the Western Balkans

The Role of Global Value Chains and Services Exports

In the past 25 years, exports have contributed strongly to growth and economic convergence in many small open economies. However, the Western Balkan (...

Global Value Chains: What are the Benefits and Why Do Countries Participate?

Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has...

The German Labor Market Reforms and Post-Unemployment Earnings

In 2003–05, Germany undertook extensive labor market reforms which were followed by a large and persistent decline in unemployment. Key elements of ...

Trade Tensions, Global Value Chains, and Spillovers

Insights for Europe

Europe is deeply integrated into global value chains and recent trade tensions raise the question of how European economies would be affected by the i...

A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries

Was the postcrisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods—produc...