The paper analyses the idea of “secular stagnation” actively discussed in the recent economic literature. It examines the most popular versions of this idea offered by T. Kowen, R. Gordon and L. Summers. Author concludes that in the next decades a slowdown of economic growth in the U.S. is...

This is a book about modern China, mainly about the economy (about half the text), but also about culture, history, religion, and politics. There are three main issues discussed in the book: (1) Why did China (and earlier other countries and territories of East Asia, largely based on the Chinese...

В последние 10 лет Узбекистан развивался очень успешно – рост ВВП в среднем на 8%, низкий государственный и внешний долг, заниженный валютный курс, равномерное...

This paper examines the trajectory of growth in the Global South. Before the 1500s all countries were roughly at the same level of development, but from the 1500s Western countries started to grow faster than the rest of the world and PPP GDP per capita by 1950 in the US, the richest Western...

This paper examines the trajectory of growth in the Global South. Before the 1500s all countries were roughly at the same level of development, but from the 1500s Western countries started to grow faster than the rest of the world and PPP GDP per capita by 1950 in the US, the richest Western...

Russian Abstract:Человеческий капитал изучается экономической наукой как фундаментальный фактор, стимулирующий накопление производственного капитала и,...

Russian Abstract: В статье исследуется долговременная траектория роста развивающихся стран. До 16 века все страны находились примерно на одном уровне экономического...

We analyze equilibrium paths in two models of overlapping generations with reciprocal altruism. The first one allows us to consider a case of different propensity to of consumer to support her children and parents (non-symmetrical altruism). In this model, an equilibrium is a Nash equilibrium....

English Abstract: The article examines the impact of the COVID-19 pandemic on the economic and political situation in East Africa, drawing from reports by leading international organizations in the field issued from March to June 2020. According to these findings, it is tourism, an important...

We conduct a comprehensive study of macroeconomic modeling methods, new theories of economic growth and the impact of technology and institutions on economic growth, in order to formulate the basic characteristics that are critical for efficient technological and institutional effects modeling....