Economic Transformation

Determinants of Female Labor Force Participation in Ghana

This paper investigates the determinants of female labor force participation in Ghana at two points in time, 1991 and 2006. It examines individual and household attributes that affect female labor force participation and whether motherhood and the presence of children at home have the tendency of reducing a woman’s propensity to engage in paid work.

Do Social Transfers “Crowd-Out” Remittances: Evidence from Bosnia

This paper attempts to investigate the presence of the “crowding out” effect in Bosnia by analyzing a model of interaction between social transfers – such as pensions or health care services – and remittances, using the two-stage Heckman’s selection method.

Sources of Income Inequality: Empirical Evidence from Bulgaria

Bulgaria was affected by various adverse economic and demographic processes, which were particularly severe during the first half of the 1990s. This paper analyzes the extent to which socio-demographic characteristics of the household could be considered as sources of income inequality.

Models for Stability and Growth, Structural Reforms, Conditionality, and EU Surveillance Criteria

This review paper represents the policy part of a report on financial risks in Southeast Europe. It aims to propose a set of surveillance mechanisms and criteria that European Union (EU) could use to assess the stability and sustainability of economic progress of the Future Member States (FMS).