The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their financial capabilities to invest into new products...

A positive economic growth is one crucial macroeconomic objective of every nation. Many countries have formed regional as well as international trading blocs in an attempt to enhance economic growth and maximise welfare of each member state, the AFTZ member states are not an exception. This...

Against the backdrop of a strong plea for evidence-based policy, this paper juxtaposes how innovation is analyzed in mainstream economics and evolutionary economics of innovation, as well as their concomitant policy rationales. By discussing the indicators selected for the Innovation Union...

The paper investigates the problem of possibility of investment allocation by economies according to adverse pattern, which can ultimately imply the rise of situation of market failure. We consider the transformation of “ideal” capital allocation into allocation of adverse-selection-type,...

Taxing small deposits used to be a taboo in European politics – but why? This contribution re-assesses the protection of small deposits from an angle that has not received much attention in the current debate: the politico-philosophical, ordo-liberal, and social-political perspectives, arguing...

Development policy has been energized in the last decades by a number of contributions emphasizing a new positive role the state can and should play in fostering economic growth. The central pillar of this literature is Michael Porter and his theory of clusters. A number of economists have...

The Goodwill Model of the Competitive Market Allowing for Trust and Creating Jobs Consumers often cannot judge the quality of goods and services at the time of the purchase decision. The goodwill model explains how the market participants deal with this problem. It makes a distinction between...

This paper examines the performance of food production and productivity in Tanzania since 2000, in relation to post-SAP policies. This discussion assumes that individual households in Tanzania strive to achieve food security through own production as well as purchases from the market. Meanwhile,...

Ageing populations are a major challenge for most developed countries, where social security systems were developed in the post war period. It has been suggested that the costs of caring for the ageing population places a considerable strain on individuals, as well as on the public purse, and...

This paper discusses alternative political economic perspectives on competition (antitrust) and industrial policies (IP), in theory and in practice, while critically assessing recent European IP in this context. It develops a new framework for IP, which emphasises the sustainability of value and...