Nowadays, the issue of sustainability becomes an important topic not only for countries, but also regions. A specific example is a group autonomous regions located in strategic areas and influencing countries’ economic and political performance. The research problem discussed in this paper is...

Regional disparities in the development of regions of a country may slow the growth of the entire national economy. Determination of such disparities is required for the creation of proper economic policies, needed to take actions against factors hindering economic growth. Hidden economy is, on...

We argue against the use of composite indices, such as the Human Development Index (HDI), in economic history. We show that the HDI can be interpreted as a formal representation of the analyst’s ethical system. We support our claim by introducing a new class of paternalistic social welfare...