The paper discusses the influence of the global economic crisis on the Latvian economy. Using the system dynamics approach and models produced beforehand, various development scenarios of tax policy, householder crediting, and the job market are analyzed. Produced models allow to obtain...

Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...

In the paper model of macroeconomic turnover and its possibilities for investments modelling are shown. The model consists from four blocks: in the first the theoretical model is described. In the second the model is reflected in accordance with the requirements of system dynamics method, there...

The growing realization that the fate of forests will be determined by factors outside the forests and the forestry sector has prompted individuals and institutions to look beyond the immediate causes of forest health and degradation in order to unravel not-so-obvious and often...

When anything goes and nothing fits together this can be euphemized as pluralism, blossoming with fresh ideas. Lacking a common fixed point, discussions between various schools of economic thought actually amount to a repetition of contradicting views with more refined arguments. It seems...

Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...

The book 'Capital in the Twenty-First Century' by the French economist Piketty about the inequality of income and wealth distribution is already quite a while in the spotlights. Jones in his paper ‘Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality’is describing the...

This short note discusses the role of employer heterogeneity as a driver of growth and earnings inequality across the world. Policy implications are discussed.

In 2018 we adapted the implementation of technical growth to correct the Solow growth model. Within this article, we delve into some of the consequential aspects of this Modern Universal Growth Theory (MUGT) with respect to homogeneous degree 1 CES production functions. In particular, we...

The present study aims to show an analysis of relationship between gross fixed capital formation and economic growth in Romania, Bulgaria, Czech Republic, Poland and Hungary for the period 2003-2009. For this, the statistical connection analysis method is applied. The used variables are: the...