How many years will the average transition economy need to reach the income level of the average OECD country? The favored methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...

Recently, the EU Council adopted a new labour migration policy instrument – the EU Blue Cards (BC) – for attracting the highly skilled workers to the EU. The present paper examines the potential impacts, which BC may cause on less developed sending countries (LDC). Our results suggest that...

Drawing on recent quantitative research on Europe reaching back to the medieval period, and noting a relationship between the quality of institutions and economic growth, this paper offers a reassessment of Africa’s growth prospects. Periods of positive growth driven by trade, followed by...

This paper analyzes firms� difficulties in accessing credit before and during the crisis, by focusing on two of their characteristics: financial fragility and growth prospects. Our econometric analysis indicates that fragile financial conditions were associated with a much higher than...

Information and telecommunication technology development is undeniably one of the most important factors for global knowledge diffusion and digital society creation processes in the contemporary world economy. The purpose of this paper is to analyze ICT infrastructure advances having taken place...

Information and telecommunication technology development is undeniably one of the most important factors for global knowledge diffusion and digital society creation processes in the contemporary world economy. The purpose of this paper is to analyze ICT infrastructure advances having taken place...

How many years will the average transition economy need to reach the income level of the average OECD country? The favored methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...

There are two strands in the empirical literature on economic growth in transition economies. One focuses on the impact of reforms, while the other emphasizes sustainability issues and the growth prospects these economies face. The most common strategy, in the latter, has been to use...

How many years will the average transition economy need to reach the income level of the average OECD country? The favoured methodology in use to answer such questions is referred to as the BLR approach, because it uses specifications from Barro, and Levine and Renelt. The literature has so far...