Issue 6, 2020

The article presents and analyzes various foreign models and policies for stateowned enterprises. The models of management of state-owned enterprises, the need for their existence and the types of state-owned enterprises are considered successively. The results of the article outline a wide range of national policies for state-owned enterprises. The main factors for their determination are a consequence of the historical development and the social commitments made for economic reforms. The existence of social goals of state ownership creates serious differences between corporate governance in the public and private sectors. The increased complexity in the management of state-owned enterprises stems from the combination of social and economic goals.
JEL: G38; H82; L32; L51; O57

The aim of the present paper is to study the effects of euro adoption on the trade of goods and services. For this purpose, a panel regression model is estimated for the seven euro area Member States from Central, Eastern and Southern Europe that have most recently adopted the single currency. The studied period covers the years from 2003 to 2018. The results indicate that euro area membership led to an increase in both the exports (by 3.3%) and the imports (by 2.8%) of the selected countries and for the chosen time period. This paper contributes to the existing literature by empirically examining the effect of euro area membership on trade, by covering the newly joined Member States.
JEL: E52; F14; F45

Joan Robinson (1903-1983) is an outstanding Cambridge economist in a variety of aspects. Being a member of the inner circle around Keynes and discussing with him drafts of the „General Theory“ in the early 1930s, she became an ardent defender of Keynes' original ideas. Her first major work is the „Theory of Imperfect Competition“, which became the standard model for depicting real markets as compared to the model of perfect competition. Her work on Marx reintegrated part of his ideas into economic thought while rejecting ideological Marxism. Due to her favoritism of left ideas, her disputes with neoclassical or orthodox economists, and her advocacy of communist regimes after the Second World War, Robinson is also regarded as one of the most controversial economists of her time.