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last upadate: 08/01/2020       

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Below, you find a list of my latest publications and work in progress.



Forthcoming in 2020): The Great Transformation in Eastern Europe and its consequences. In: Economic and Labour Relations Review (ELRR), Special issue on  'Capitalism after Communism: Europe and the world1989 -2019'.



Just published:  The long-run properties of the Kaldor-Verdoorn law: a bounds test approach to a panel of Central and East European (CEE) countries. Empirica, (), 1-21. DOI: 10.1007/s10663-019-09467-0.The article is available as 'Online First'.

http://link.springer.com/article/10.1007/s10663-019-09467-0.
It is fully accessible to all users at libraries and institutions that have purchased a SpringerLink license.

This study attempts to identify the short- and long-run components of the Kaldor-Verdoorn (KV) law. The law claims that demand dynamics drive productivity dynamics. The claim is tested with a panel of ten Central and Eastern-European countries, where productivity and demand growth have been slowing since 2004/2006 and where fears of an end of convergent growth are spreading. Meanwhile, the gradual slowing of output and productivity growth applies not only to the region considered, but it is also a global phenomenon that is occurring despite remarkable technical progress and that is referred to as the productivity puzzle. However, this puzzle would be solved in light of the KV law. To test for its long-term properties, panel cointegration models with autoregressive distributed lags (ARDL) are applied. Our results confirm the law for the region; slower productivity growth is not due to ‘adverse technological progress’ but to weakening external and domestic demand, which might block the implementation of product and process innovations. A longer and slightly different version can be obtained as NBP Working Paper No. 318 (see below).


Just published:  From the socialist command to a capitalist market economy – the case for an active state. In: European Journal of Economics and Economic Policy - Intervention. Special issue on the Economics of Kazimierzmierz Łaski (1921 - 2015), volume 16, issue 3

Kazimierz Łaski belonged to the group of economists who particularly clearly and convincingly criticized the application of neoliberal doctrines to the transition of socialist countries into market economies. His analysis of the transition agendas was deeply rooted in the Kaleckian tradition of reasoning and brought him much respect but also fierce opposition in the international arena. In answering the why and how of his work, this article will summarize his contributions to the economics and politics of transition.


Earlier publications 2019:


Summer 2019: 'The productivity puzzle and the Kaldor-Verdoorn law: the case of Central and Eastern Europe'.Narodowy Bank Polski, NBP Working Paper No. 318. Download: http://www.nbp.pl/publikacje/materialy_i_studia/318_en.pdf

This study attempts to identify the short- and long-run components of the Kaldor-Verdoorn (KV) law. The law claims that demand dynamics drive productivity dynamics. The claim is tested with a panel of ten Central and Eastern-European countries, where productivity and demand growth have been slowing since 2004/2006 and where fears of an end of convergent growth are spreading. Meanwhile, the gradual slowing of output and productivity growth applies not only to the region considered, but it is also a global phenomenon that is occurring despite remarkable technical progress and that is referred to as the productivity puzzle. However, this puzzle would be solved in light of the KV law. To test for its short-term and long-term properties, least squares and autoregressive distributed lag (ARDL) models are applied. Our results confirm the law for the region; slower productivity growth is not due to ‘adverse technological progress’ but to weakening external and domestic demand, which blocks the implementation of product and process innovations.


Spring 2019: ‘Monetary Transformation’, in: Merkel, W., R. Kollmorgen, and H.-J. Wagener (eds.) “The Handbook on Political, Social, and Economic Transformation”,  Oxford: Oxford University Press. £150.00, available also as e-book.


Winter 2018/19: ‘Reflections on a public risk-sharing capacity for the euro area’. In: Nowotny, E., D. Ritzberger-Gründwald, and H. Schuberth (eds.) „Structural reforms for growth and cohesion”, Edward Elgar Publishing: Cheltenham, UK, 200-214. This is a revised version of my working paper ‘A fire department for the Euro area: reflections on a fiscal risk-sharing capacity’. MPRA Working paper No. 83965, January 2018. Download https://mpra.ub.uni-muenchen.de/83965/

 





 

My current research projects include  

  • Actual problems of European integration, chiefly: reforms of the governance system;
  • Finance, growth and competitiveness of The Western Balkans
  • monetary integration: a new approach for assessing the benefits of having an own currency (ARCH/GARCH modelling)

I am a registered author in EconPapers - http://econpapers.repec.org/  and in Research Gate -      http://www.researchgate.net/profile/Hubert_Gabrisch/info?editInstDialog=true