The overall degree of international equity market connectedness has gradually increased over the past two decades. Reflecting the shift in global economic power, it has been recently suggested to pay more attention to the BRICT (Brazil, Russia, India, China, and Turkey) countries. Building on,...

This study investigates the impact of stock market development on economic growth in China. To this end, the quarterly data from 1996 to 2011 are used and the empirical investigation is conducted within the unit root and the cointegration framework. The results show that the relationship between...

Aim of the research is an analysis of the mechanism of transmission of the disturbances caused by the supply or price shocks in such economic systems as the supply chains, linked markets, etc. The interest of the study is focused on the propagation of shocks in the complex systems with...

The 2009 Directive on Renewable Energies (called RED) has set up ambitious targets concerning biofuels consumption in the European Union. This paper addresses this issue in the case of France, focusing on alternative tax policies designed to stimulate biofuels consumption. Our main objective is...

Stadial development of countries is among consequences of the neoclassical growth model, called also as Solow model. Moreover, the model, supported by empirical studies, contributed to more refined analysis of economic development on a historical scale and to estimate future dynamics of economic...

Comprehensive economic models in general, and macro-fiscal integrated models in particular, are needed to ensure consistency and optimality in constructing government annual integrated budgets and economic development programmes. Mathematical models can provide decision-makers and planners with...

This paper analyses the evolution of public support for the single European currency, the euro, from 1990 to 2011, focusing on the most recent period of financial and sovereign debt crisis. Exploring a huge database of more than half a million observations covering the 12 original euro area...

Rare Earths are a group of 17 metals which were presumably unknown to the vast majority of people until very recently. The combination of growing demand and tightened export restriction by China, which holds almost monopolistic power in their supply, has led to massive price increase in 2011....

Input-output table depicts the economic activity as a system of interrelated commodities, services, and final demand. Input-output analysis is utilized to explain economic changes in today’s economy, which lead to useful insights to us. However, we advocate that input-output model should have...

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