The study addresses the economic development of four European countries - Romania, Hungary, Czech Republic, and Poland beginning with 1990. It will be employed a descriptive analysis of their trade and growth dynamics. Emphasis will be placed on the determinants of economic growth of this group...

The issue of sustainability of natural capital and implications for economic growth ranks high in the interests of both policy makers and the general public, as manifested by the intense debate on Canada's ratification of the Kyoto accord. In this chapter, Nancy Olewiler makes an important...

Este Informe realiza un diagnóstico de la trayectoria reciente de la economía española y propone medidas para recuperar el crecimiento y entrar en una etapa de desarrollo continuado, que ofrezca a la sociedad española nuevas oportunidades de progreso. Para reencontrar su lugar en la...

Bayesian model averaging is applied to robustly ascertain the determinants of various output volatility measures, including the downside semideviation of growth rates. Financial sophis- tication variables are found to have qualitatively different effects on volatility. The ratio of govern- ment...

In this paper it is argued that the domestic division of labor and trade is organized according to the same principle as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source of these comparative advantages is the individual. The...

This report assesses what is new about Asian growth, focusing primarily on the ‘external’ dynamics of change (the roles of inter-country growth and networks, trade and FDI – i.e. the context of globalization).

España avanza hacia el final de 2014 por un camino en el que se observan señales positivas de corrección de los desequilibrios que han agravado la crisis y de recuperación de la actividad. Al mismo tiempo, se hacen más evidentes los enormes desafíos a los que hemos de responder para...

In this paper, we seek to analyze the impacts exerted by the substitution of the French franc for the euro on real and nominal effective exchange rates, competitiveness and growth within the CFA zone. Our findings show that, since the advent of the euro, the evolution of the real exchange rates...

Globalization is described as a process by which regional economics, societies and cultures have become integrated through a global network of communication, transportation and trade. Different researchers have argued both in favour of and against globalization. Bhagwati claims that...