This paper investigates the effect of institutional quality on sustainable development.Institutional quality is assumed to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in physical and natural capital. Since these two types of...

In this paper targets, institutions and policy measures for describing and implementing sustainable development are evaluated in terms of their conformity with the economic framework of a market system. Firstly, from the viewpoint of neo-liberal economic thinking as conceived by the German...

The paper surveys economic aspects of sustainability and the use of complex ecological systems. In a first step, an economist's view of the concept of sustainability is presented. Then, a simple model of the economic use of a dynamic ecological system is discussed. It is shown how economically...

The study of the Social Capital and its relationships with the development is a topical subject. The theme has not an exactly definition yet. Some proofs at national and regional levels in Europe show interactions between the Social Capital and the economic growth and the labour market. From...

Over the past years a large number of regional growth theories have been developed and a number of models have been built in an effort to describe, explain and eventually predict regional development trends. However, until a few years ago, the large majority of those models assumed the existence...

This paper analyses the role of SMEs in regional development, focusing the particular case of This paper analyses the role of SMEs in regional development, focusing the particular case of Lublin Region in Poland. By using a questionnaire presented to firms that are operating in manufacturing and...

Public authorities, international organizations and non-profit associations are nowadays working on identifying and solving the problems of various communities (i.e., towns, villages and other administrative-territorial units) through the development of specialized programs. Sustainable...

Analysis of differences in the Quality of Life in multiple economic systems and countries leads to large-scale conclusions in the fields of politics, economics and some technical sciences. Quality of Life and the level of satisfaction with this Quality are determined through values which are...

The territorial organisation of economies and societies is undergoing a dramatic change. Globalisation, technological innovation, migration and population ageing make it increasingly difficult to predict the future of regions. Economic change tests the ability of all regions to compete and the...

The present paper describes the construction and first empirical application of the SUSTRUS model (the name of the model refers to "Sustainable Russia"). This model will be the main result of the same-named EU funded project. The SUSTRUS model belongs to the group of regional CGE models, applied...