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The basic-needs strategy is a response to the shortcomings of one-sidedly growth-oriented development concepts. Instead of focusing on growth or employment, as hitherto, the new development strategy now focuses on elimination of mass poverty in the Third World countries. The basic-needs concept...
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happiness. The evidence reveals that the negative effect of an economic recession on happiness can be at least twice the … positive effect of economic growth. In short, a single year of recession can undo the happiness gains from years of economic … nil relationship between macroeconomic performance and happiness. The evidence indicates that stable rather than rapid …
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It has been quite obvious for several years already that the attempts to achieve the aim of price stability are running into the greatest difficulties. While the rates of inflation are escalating in almost all countries, it is becoming increasingly clear at the same time that the authorities...
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This paper examines the impact of the COVID-19 pandemic on gross fixed capital formation across the euro area. The empirical analysis suggests that the intensity of the lockdown measures to contain the spread of the virus and the country-specific structure of the economy along with other...
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