Economy, society, environment and sometimes indicated institutional and political system - on these pillars is based the idea of sustainable development. The necessity for a global balance in these dimensions hinders the multidimensional approach of ideas. These difficulties increase when the...

We carry out a classical development accounting exercise using data from the 'Programme for the International Assessment of Adult Competencies' (PIAAC). PIAAC data, available for 30 upper-middle and high-income countries and nationally representative for the working-age population, allow us to...

Nach der Mittelfristprojektion des IWH wird das Bruttoinlandsprodukt in Deutschland in den Jahren bis 2025 preisbereinigt um durchschnittlich ½% wachsen, und damit einen Prozentpunkt langsamer als im Zeitraum von 2013 bis 2019. Dies ist nicht nur auf den starken Einbruch im Jahr 2020...

Nach der Mittelfristprojektion des IWH wird das Bruttoinlandsprodukt in Deutschland in den Jahren bis 2024 preisbereinigt um durchschnittlich 1% wachsen; das nominale Bruttoinlandsprodukt wird um durchschnittlich 2¾% zunehmen. Die Durchschnittswerte verschleiern die Tatsache, dass das Wachstum...

This paper investigates the short run as well the long run relationships between money supply, inflation, government expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively for the case of Cyprus using annual data from 1980...

Can limited government be a driving force of economic development? This idea goes back to Montesquieu, and is closely related to recent research in institutional economics. Measuring limited government with the Henisz political constraints index, and economic development with income per capita,...

The economic crisis affected the Central and Eastern European economic spatial structure and reshaped perspectives at the European Union and international levels. Whereas Western Europe's stable economic system has entered maturity, Eastern Europe's economic landscape is still constantly...

In a small open developing country context, the author considers a three-sector general equilibrium framework and tries to find out the effects of foreign capital inflow on welfare of the country. Comparative-static results show that foreign capital inflow widens the skilled-unskilled wage gap...