The high economic growth rates that emerging economies experienced over the last two decades have been studied with great interest by numerous economists. Even during a time of global crisis such as the present one, countries like Brazil, India and China (BICs) continue to achieve high growth...

In today societies the local public sector is getting increasingly important role in countries´ sustainable development. The sustainable development assumes close interrelation and specific balance between economy, society and environment. It implies balanced development of the economy and...

The aim of this chapter is to simulate the effects of some macroeconomic policy tools on production and inflation in an emerging economy affected by the current worldwide financial and real crisis, the Islamic Republic of Iran. The theoretical framework of our analysis is based on the so called...

The Republic of Serbia has declared accession of the European Union to be the main strategic goal and recognized the EU Sustainable Development Strategy as a guiding framework for the future development. In the first commitment period of Kyoto Protocol (2008-2012) the Republic of Serbia, as...

The aim of this chapter is to address the key transmission channels and possible mechanisms for minimizing or even neutralizing the effects of the global economic crisis in the Western Balkan countries. In that respect, the macroeconomic indicators will be analysed for the period starting just...

In this chapter we analyse the level of inequality in Western Balkan countries, particularly in Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro and Serbia, during the past ten years. Inequality is one of the main challenges both for the economic theory and economies of the world...

One of the primary responsibilities of economics is to build a good indicator of the magnitude of short term disequilibrium. Knowledge of the magnitude of the excess demand in the economy is essential for conducting fiscal and monetary policy. In a period of contraction when monetary policy is...

This chapter is based on the work of Dominique Guellec and Bruno van Pottelsberghe (2000), in which they had estimated the aggregate net effect of public research, government funding of business-performed R&D, and fiscal policy on business R&D in 17 OECD Member countries over the last two...

Serbia had, when started its process of European integration in 2000, relatively high level of external debt amounting to 132% of GDP. All liabilities were practically inherited Government external debt since private sector during the period before 2000 even did not have the opportunity to take...