The paper studies the causality relationship between economic openness and indigenous factors. The construction of the Openness Index and the Indigenous Index provides a measure on the extent of openness and indigenous development among world economies. The two indices are used to study their...

The article examines the problems of cyclical economic development in the world economy. The trends in economic development and the degree of economic cycle volatility in the world during the 1970-2010 are analyzed. The phenomenon of the Great Moderation as a period of achieving the long-term...

The hypothesis is that Pareto and Kaldor-Hicks Efficiency have an aspect of sustainability in relation to inequality. The analysis finds efficient situations reached increasing inequality as diminishing in the long term effective demand in a larger measure than counterbalancing increases thanks...

Each Member of the European Union (EU) has designed and perfected its own pension scheme as a necessary evolution of direct development taking into account the arguments that have led to such developments. Currently, due to these issues, not at all simple, in these states, there is a growing...

Maintaining today’s global imbalances would help to overcome the major disproportion of our times – income gap between developed and developing countries. This gap was widening for 500 years and only now, in the recent 50 years, there are some signs that this gap is starting to decrease. The...

This paper deals with the issue of the prospects for the Italian economy and its entry into the monetary union in Europe. The Europe is therefore the topic of the moment. In particular, the paper is an analysis of the volume edited by Jader Jacobelli (2000), which in turn contains the...

How different political market structures influence the behaviors of participants and the distribution of benefits was studied n the framework of game theory. Theoretical model showed that in the monopolized political market, the participation surplus of participants would serve as the rents of...

Will a free trade agreements (FTAs) between nations be politically viable？Under political lobby what incentives determine whether FTAs will be signed or not? Will FTAs include steadily more countries until we reach worldwide free trade? The paper addresses these questions using a theoretical...

The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in more than 70 economies over a period of 30 years. It addresses both the issues of reform measurement and its endogeneity. Specifically, by combining a difference-in-difference...

This paper proposes a simple analytical model to examine conditions in which a government policy to improve imperfect credit markets is practiced through a democratic political process, and analyzes interactions between the politically implemented policy and economic development. Individuals who...