The current economic crisis has led several rich countries to experience severe fiscal deficits. Among other factors responsible for the situation, corruption is considered harmful to public finances and appears closely related to fiscal deficits. This paper opens a new avenue in addressing the...

The influence of government size on per capita GDP growth has attracted much interest from scholars during the past two decades. However, despite all the work conducted, there is no consensus among researchers on the importance of government size in affecting economic growth. Some authors find...

This article investigates the degree of persistence of different inflation rates for the Spanish economy using the Consumer Price Index (CPI) for the aggregate as well as for the regions, provinces and eight groups of goods and services, in addition to the Producer Price Index (PPI) for the...

In line with the EU strategy on smart and sustainable growth, there has been an increasing attention directed to Research and development activities in the Czech Republic. Gross expenditures on R&D have doubled between 2000 and 2008 and the private R&D sector remains the biggest contributor to...

In line with the EU strategy on smart and sustainable growth, increasing attention has been directed to Research and Development activities in the Czech Republic. Both public and private Gross Expenditures on R&D (GERD) have doubled between 2000 and 2008. Whereas the private sector still...

Developed economies are facing a problem of declining competitiveness on a global scale. The perspectives for sustaining the world economic leadership are associated with stimulating technological progress through innovations and investments to R&D. This is a challenge for the private sector but...

There is no consensus on the effects of small businesses development on poverty reduction. While some showed positive evidence, others have shown weak relationship.Those that showed negative or weak relationship did not indicate the factors responsible for this.Most of the existing studies have...

One of the advantages to analyze the economic links between two countries on the basis of stock market data, rather than aggregate economic data published by national statistical offices, is that stock market data are readily available, allowing analysis in almost real time. We consider a...

Modeling the evolution of formal institutions in relation to the evolution of economic and informal institutionaldevelopment. Discrete time optimization; simulation. The punctuations and the evolution formal institutional quality depends on the extent of economic heterogenety.