The recent European sovereign debt crisis proved public debt issues should not be easily approached. While, prior to the crisis, public debt was of little concern in most of the developed European countries, as there had been no recent episodes of sovereign default, the crisis revived longtime...

Some of major long-term challenges for EU countries, including Slovakia, are the situation in the labour market and employment growth. Rise in the participation of population in employment, or increase in employment rate of economically active population, and particularly of disadvantaged...

The entrepreneurship seems to be an important source for economic growth. For this reason, the emphasis on entrepreneurship with the importance for economic growth is increasing day by day. This study investigates the existence of the relationship between entrepreneurship and economic growth by...

The fiscal sustainability is one of the important issues of the financial and fiscal policy of a country. However, that is not enough for its economic development and for improving the living standard where a higher level of economic growth is needed in order to achieve them. The crucial point...

This paper aims to shed light on the role of financial development on the growth dynamics of transition countries. Particularly, the impacts of several financial development indicators (in terms of size and efficiency) on the income level in 25 transition economies and two subgroups with varying...

Former growth theories did not give a satisfactory answer to stimuli of economic growth and possibilities of sustainable growth. An important contribution to the economic growth theories was given by research in institutional economics. Today formal and informal institutions such as rule of law,...

Southeast Asia is a growing region in terms of its economic activities characterized by its high economic growth, integration toward global economy and high capital accumulation. Nevertheless, Asian financial crisis in 1997 has disturbed the achievement of some newly industrialized countries...