This paper estimates the contribution of Foreign Direct Investment (FDI) to the Total Factor Productivity (TFP) of Bulgaria for the period 2004-2013. Since TFP captures the joint efficiency of capital and labor, it is likely to be influenced by investments from abroad. As predicted by theory, a...

The main focus of the paper is the growth process in transition countries in the period 1992-2002, by taking the production function approach. The empirical cross-section study performed found that initial life expectancy and net savings speed up growth while death rate, inflation, and terms of...

In the last years, and particularly since the publication of the famous Barca Report (Barca, 2009), the European Union (EU) is starting to acknowledge the importance of spatially targeted regional policies and to understand how crucial a territorial approach can be in order to achieve desirable...

Building on work funded by the ESPON 2013 Program, the paper analyses the regional trajectories of development of a "creative workforce" among its active population against regional economic growth, measured by changes in per capita GDP over the period 2001-2008 in 317 NUTS2 regions of the ESPON...

Over the last decades there has been a sizeable increase in trade and financial openness, triggered by current and capital account liberalization as well as improvements in transport and communication technologies. As a consequence, the importance of spillover effects is likely to have increased...

This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...

In the context of current economic and financial crisis a comparative analysis of the main indices of economic and social performance of the EU member states is necessary. In such line of argument, the authors propose, as novelty, an economic power-economic performance matrix as a methodological...

The feedback of external debt on economic growth through gross domestic investment has provided quite interesting results throughout the world especially in developing countries where external and internal borrowing have been a tradition. Based on a system estimation approach, using Two Stage...

This paper considers some methodological aspects of Joan Robinson's contribution to post-Keynesian growth theory. Joan Robinson's criticisms of equilibrium analysis, of the conflation of logical and historical time and of the uses (and misuses) of mathematical formalisation are scathing. But...

There is a large literature on the existence of agglomeration economies, as shown in the surveys by Moomaw (1983) or Gerking (1993). The benefits of these economies arise from multiple sources, but some negative externalities might also emerge. Within the hierarchical urban system, cities at...