This paper introduces readers to the Polish economy. This 38 million people growing market economy is the sixth country in Europe as for inhabitants and youngest country in Europe with some 50% of the population below 35 years. Therefore, Poland has a remarkable opportunity for new economic...

The issue of foreign aid dependency in Africa remains controversial among policymakers. The Euro zone, which provides the bulk of foreign aid to developing countries, is currently implementing some austerity programmes. Consequently, this study investigates what really matters; the quantity or...

Investment on the information technology has a prominent place in understanding the growth of labour markets productivity in the USA after 1995. While investment on information technology enabled US firms to achieve high growth rates of both labour and total factor productivity, neither Western...

Remittances are a transfer from mostly developed countries to less developed countries by the workers that have migrated for work. For some countries the magnitude is huge. In the western hemisphere the remittances flow mostly from the USA to Latin countries. Theoretically, the flow of...

<title>Abstract</title> This article analyzes the behaviour of the USD/EUR exchange rate based on four major models. Using the mean absolute percent error (MAPE) as a criterion, the extended Mundell‐Fleming model performs best, followed by the PPP model using the relative PPI, the monetary model, the PPP...

This paper presents an empirical assessment of the market structure and the competitive conditions of the Chinese banking sector. We applied the Panzar-Rosse H-statistic on the data collected from a panel including 16 most significant Chinese banks for the period 2004¨C2007. Equilibrium tests...

The paper analyzes the relationship between saving and export in the Czech economy. Because the Czech economy has been increasingly trading with Western Europe, testing the relationship between these two variables is significant. OLS and 2SLS are applied to quarterly data between gross national...

It was not possible to test the neoclassical convergence theory on communist countries until the collapse of communism. The method of beta convergence indicates divergence among the liberated countries of Southeast Europe from 1980-2006. A more advanced quantile regression also indicates...

This paper studies the behaviour of the CZK/USD exchange rate based on four major models. Using the Mean Absolute Percent Error (MAPE) as a criterion, the IS-MP model performs best, followed by the monetary model, the Purchasing Power Parity (PPP) model using the relative Producer Price Index...