The goal of this contribution is to evaluate the relevance of the institutional factors and the influence of the single variables on the corruption. The key task is to find not only suitable indicator of the amount of corruption but also suitable approximants of institutional characteristics,...

This paper investigates the short run as well the long run relationships between money supply, inflation, government expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively for the case of Cyprus using annual data from 1980...

In the modern globalized economy there are some concepts which are very important for the current socio-economic system. One of them is competition. A specific field that competition has spread is geography; i.e. competition among territorial units (cities, regions or states). There are scholars...

We look at the type of natural resource dependence and growth in developing countries. Certain natural resources called point-source, such as oil and minerals, exhibit concentrated and capturable revenue patterns, while revenue flows from resources such as agriculture are more diffused....

In this paper I have proposed to address/approach new dimensions of management in the economic crisis at the strategic and tactical levels, and in particular at the operational level. I have presented aspects/issues of the economic crisis in our country, by characterize the impact of crisis on...

America is at the half way of the road and the time of the definitive imposing seems to have arrived. After a world-wide bi-polar power system (SUA-URSS), it can pass to a unique-polar power system avoiding a multi�polarities system dangerous at world-wide scale. Pax Americana remains a main...

The success of the integration process of the new EU Member States is reflected by their nominal and real convergence performance. These tendencies are of special importance considering further enlargement of the Eurozone. The financial and economic crisis of 2008 has resulted, however, in a...

This paper studies the distributional implications of intermediation costs. We built a "Bewley" model economy where individuals experience uninsurable idiosyncratic shocks on labor productivity and financial intermediation is costly. Individuals smooth consumption by making deposits to a...

A windfall of foreign aid or natural resource revenue faces government with choices of how to manage public borrowing, public asset accumulation, and the distribution of funds to households (across time and household types), particularly when the windfall is both anticipated and temporary. These...

Analysis of the economic activity in the pre-crisis period of 2000-2008. shows a steady decrease in the efficiency of actual production in Russia. Many businesses come to a threshold of bankruptcy: the profitability and financial strength are low, their products are not competitive, sources of...