The role played by endogenous growth models in growth literature might be analyzed from two perspectives. In the first place, is it emphasized the necessity to replace the hypothesis of perfect competition with monopolistic competition in every mathematical model. Secondly, there is no...

The european model is confronted with a potential crise. Economic convergence concerns the gaps in living standards between countries: are they closing or widening, and at what speed? Are relatively poor economies to remain poor for many generations? Are the rich countries of next century to be...

The transitional recession in countries of Eastern Europe has been much longer than expected. The legacy and recent policy mistakes have both contributed to the slow progress. As structural reforms and gradual institution building have taken hold, the post-socialist economics have started to...

This paper evaluates the determinants of growth in GDP per capita in industrialized countries and the lessons for the Romanian economy. How can Romanian economy grow faster? The neoclassical model show that the important determinants of growth are technical progress, increased labor supply and...

In this paper we focus on the differences between Eastern and Western European Countries, as regard the correlation between technology (R&D and human capital) and the level as well as the rate of growth of output per capita.