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This paper proposes a new taxonomy for countries based on principal component analysis. The paper investigates 51 countries using a set of 13 indicators of economic and technological performance for the period 2000-2002. The methodology reduces the variables and groups the countries that show...
Persistent link: https://www.econbiz.de/10005168910
Massive application of knowledge in economic activities represents the cornerstone of the New Economy. Knowledge invested in business processes outlines the nucleus of the intellectual capital of both companies and territories. But the quality of the intellectual capital is determined by the...
Persistent link: https://www.econbiz.de/10010598385
) compensate the decrease of the environmental amenity value, (b) compensate the decrease of total productivity, (c) develop and … in the long run to a higher level of capital modernization compared to the benchmark case with no hazard. A synergism … between productivity-related and amenity-related adaptation activities arises because the productivity- related adaptation …
Persistent link: https://www.econbiz.de/10010662668
trade-off between regular debt service and human development expenditures. All the more so because mosto LICs suffer from …
Persistent link: https://www.econbiz.de/10010335276
The report analyses the fiscal and macroeconomic environment in the lagging regions and the relevant Member States of the EU, as a sound and sustainable macroeconomic framework is a necessary, but by itself not a sufficient precondition for investment and growth in the regions. It starts with...
Persistent link: https://www.econbiz.de/10012100157
This report is an annex to wiiw Research Report 421, 'Economic Challenges of Lagging Regions I Fiscal and Macroeconomic Environment'. It provides eight detailed country case studies, analysing the fiscal and macroeconomic environment in Bulgaria, Greece, Hungary, Italy, Poland, Portugal, Romania...
Persistent link: https://www.econbiz.de/10012100161
The decline, or stagnation, in broad-based social expenditure, so crucial to the well being of mother and child, occurs because of various reasons. First, the government may derive less utility from this category of expenditure, compared to spending on its political support group, the military...
Persistent link: https://www.econbiz.de/10010278998
The paper examines two issues associated with aid and fiscal policy. First, how best the conditionality behind foreign aid, sometimes non-economic, is complied with in a principal-agent framework. In a multiple task and multiple principal framework, principals are better off cooperating and...
Persistent link: https://www.econbiz.de/10010279104
agents and the trade-off between adverse selection and moral hazard. It also considers multiple task agents, and where there …
Persistent link: https://www.econbiz.de/10010279281
balance of trade recorded a surplus, an interest rate spread remains. At the same time, the government's austerity measures …
Persistent link: https://www.econbiz.de/10010471340