The book studies growth paths in an overlapping generations model with land and exhaustible resources as factors of production. It is shown that land rules out inefficient growth paths.

The chapter includes the analysis of total factor productivity (TFP) for 11 CEE countries, referred to as the EU11 (Poland, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Romania, Slovakia, and Slovenia) during the 2006–2015 period. To assess changes in total...

This chapter focuses on maintaining employment in the sector of small and medium-sized enterprises, which is crucial for the functioning of the economy. However, in an economic crisis, the changes in the area of employment of workers often become the foremost way of adapting to declining...

“Age of life” is one of the essential characteristics that differentiate people. Age perception is also associated with social justice. The concept of age is defined ambiguously. At the same time, the different age criteria also forms the basis of age differentiation and age discrimination....

Technological unemployment is a situation when people are without work and seeking work because of innovative production processes and labor-saving organizational solutions.