Based on March's balance theory of explorative and exploitative learning, the paper analyses the synergy between these two kinds of learning and their effect on innovation performance. Then, through a large sample of Chinese firms, the paper tests the synergy effect between these twin learning,...

The world is increasingly dependent on critical infrastructures such as the electric power grid, water, gas and oil transport systems. Due to this increasing dependence and inadequate infrastructure expansion, these systems are becoming increasingly stressed. These additional stresses leave...

While economists of all persuasions undoubtedly agree that universal economic literacy would be desirable, there appears to be substantial disagreement over what economic literacy is, what problems most need to be addressed, and how they can best be solved. These differences are clearly...

At European level, Competition Law is to determine the interpenetration of economies of Member States, without substituting the regulations of the Member States. From the point of view of its application both the relevance to Member States and their economic operators is noticeable. Under...

The purpose of this article is to explore the relationship between governance indicators developed by the World Bank and global competitiveness measured by the World Economic Forum. The findings show that most of the governance clusters have a significant influence on the global competitiveness....

The competitiveness is defined as a „set of institutions, policies and factors which determine a country’s level of productivity”. On its turn, the level of productivity establishes a lasting level of prosperity which can be reached by an economy. In other words, the competitive economies...

Vladimir Satsyk - Candidate of Sciences, research fellow at The Institute of Higher Education, Kyiv National Economic University named after Vadym Hetman. Address: 54/1, Pobedy av., Kyiv, 03680, Ukraine. E-mail: vsatsik@gmail.comThe author considers key factors of universities global...

The purpose of the article is to measure the outside potential of the OECD countries with the help of the K-index, an indicator we created after conducting a survey on it. Later on the index will be used to classify Hungary’s performance in a three-dimensional matrix of institutions. After an...