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Eastern Europe is one of the fastest growing transition economies of the world. The post-socialist countries of Central and Eastern Europe, especially the Czech Republic, Hungary and Poland, continue to undergo a radical economic reform program via microeconomic liberalization, macroeconomic...
Persistent link: https://www.econbiz.de/10013138928
The main purpose of this article has been to offer a purely academic overview of all the truly significant economic, political and legal relationships that are directly associated with the institutional parameters of economic growth and have already been recognized in modern economics
Persistent link: https://www.econbiz.de/10013103879
Производственная функция является одним из основных понятий экономической теории. Как основа для моделирования поведения предприятий производственные...
Persistent link: https://www.econbiz.de/10013082555
В данной работе нами рассматриваются некоторые свойства различных производственных функций. Одним из ключевых моментов при построении эмпирических...
Persistent link: https://www.econbiz.de/10013082559
The purpose of this paper is to investigate the mediating role of economic openness (EO) on the relationship between, foreign direct investment (FDI) and economic growth (EG) in Sudan. The results of employing standard approach estimator shown that economic openness is partially mediate the...
Persistent link: https://www.econbiz.de/10013001544
This country study evaluates the experience of the South African economy with respect to growth, poverty and inequality trends since the advent of democracy in 1994. The postapartheid government took a definite turn toward greater spending on social security, while job creation and a narrowing...
Persistent link: https://www.econbiz.de/10012729113
In 1992 when Bill Clinton was elected president of the United States the national annual deficit was projected to rise to more than $357 billion by the end of his first term in office. The total deficit was projected to rise to more than $3 trillion, the highest in United States history. To the...
Persistent link: https://www.econbiz.de/10012772423
In the late 1990s, as economists looked back the development period in Africa since 1970s, they put forward the notion “African growth tragedy” , meaning that Africa's poor growth and resulting low income is associated with low schooling, political instability, underdeveloped financial...
Persistent link: https://www.econbiz.de/10012910710
Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must...
Persistent link: https://www.econbiz.de/10012988455
Happiness sums up people's attainments from living. Economics is concerned largely with prosperity as the material contributor to happiness. Prosperity is a relative term rather than an absolute one. Prosperity level can be defined as the feasible material standard of living that an economy can...
Persistent link: https://www.econbiz.de/10012991712