Showing 1 - 10 of 43
This paper revisits the work of Richard Cantillon and Francois Quesnay in order to conceptualise the dynamics between rural and urban areas in an economy. Concepts of social surplus and economy as a circular flow are presented in order to highlight the interrelationship between the growth...
Persistent link: https://www.econbiz.de/10008836739
In the growth literature, there is a nonlinear relationship between economic growth and government size, which is similar to an inverted U-shaped curve. This curve can be used to determine the optimum share of government expenditures. This paper, using threshold panel approach, attempts to...
Persistent link: https://www.econbiz.de/10011109576
The aim of this study is an empirical evaluation and comparison of Poland’s economic transformation in 1989-2008 against the background of the results achieved in the same period by Hungary, the Czech Republic, the Slovak Republic, Lithuania, and the Ukraine. I have focused on the most...
Persistent link: https://www.econbiz.de/10009328118
The paper deals with changes in the competitiveness of 12 countries forming the euro area in 1999-2000. These changes are analyzed using various macroeconomic indicators (real exchange rate, trade ratios, labor market and economic output performance). Due to the different levels of development...
Persistent link: https://www.econbiz.de/10009328129
This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence … using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and … convergence exists when allowing for structural breaks using the two-break minimum LM unit root of Lee and Strazicich (2003). The …
Persistent link: https://www.econbiz.de/10009493290
requirement of maintaining a high economic performance of their economies by convergence and competitiveness strategies, so that …
Persistent link: https://www.econbiz.de/10011108218
wage convergence, defined this way, has no theoretical underpinnings. According to the experience of less developed EU … members that joined the union in the 1970s and 1980s, the so called cohesion countries, even after accession, wage convergence … competitiveness of Hungarian products. The article draws up possible convergence scenarios for the Hungarian wages. It turns out that …
Persistent link: https://www.econbiz.de/10011110057
The current study presents the main models of competitiveness, developed by different organization or institutions, primarily those established by the World Economic Forum, International Institute for Management Development, European Commission and the Institute for Strategy and Competitiveness,...
Persistent link: https://www.econbiz.de/10011110224
Competitiveness is a concept referred to as a sine qua non condition of growth, at both micro and macroeconomic level. But there are few approaches looking at the single currency as an instrument of competitiveness measuring and promotion. The single currency represents a right step in the...
Persistent link: https://www.econbiz.de/10011112750
Tourism plays a crucial role for national economies throughout the world. In Europe, international tourism receipts were almost three times higher in the late 1990s than they were in the late 1980s. Tourism has great potential as regards contributing to the achievements of several major EU...
Persistent link: https://www.econbiz.de/10008680968