Stadial development of countries is among consequences of the neoclassical growth model, called also as Solow model. Moreover, the model, supported by empirical studies, contributed to more refined analysis of economic development on a historical scale and to estimate future dynamics of economic...

It is evidences that the actual global crisis affected the convergence process in EU. Generally, just new adhered countries were more affected by the actual crisis. Today all forecasts are suffering by uncertainty. There are different opinions regarding how deep and how long the convergence...

This paper presents a comparative analysis of innovation behaviour at the firm level across countries with different levels of technological development. The literature has argued mostly from a macroeconomic perspective (e.g. Silverberg and Verspagen 1995, Acemoglu – Aghion – Zillibotti...

In this paper we look at the evolution of the R&D intensity gap between the EU and its major competitors using data from the Industrial Scoreboard covering the period 2002-2010. We focus on R&D intensity as it is normally recognized as an important determinant of the competitiveness of economic...

The Flemish economy is a very open economy and as such heavily relies on trade with both the neighbouring economies as well as more distanced economies and it also tries to attract foreign direct investments. The paper reviews the evolution and interrelation of some competitiveness indicators in...

assessing the decreasing role of geographical distance (as a result of globalisation) in the world economy spatial econometric techniquesDecreasing role of distance increasing importance of financial openness as channel of spillovers aross countries

1 Introduction Prior to the cession of the Southern Sudan from the Sudan in July 2011, there were many challenges that trap the population of many areas of the country by poverty. The education, health, water and sanitation services are extremely poor as a result of the long civil conflict...

Input-output table depicts the economic activity as a system of interrelated commodities, services, and final demand. Input-output analysis is utilized to explain economic changes in today’s economy, which lead to useful insights to us. However, we advocate that input-output model should have...

The global financial crisis is leading to a revival of the empirical literature on current account imbalances. This paper contributes to the literature by investigating the importance of model and parameter uncertainty to assess external imbalances. Panel data, current account models, model...

In Fall 2009, officials from Chicago Public Schools changed their assignment mechanism for coveted spots at selective college preparatory high schools midstream. After asking about 14,000 applicants to submit their preferences for schools under one mechanism, the district asked them re-submit...