In the face of wars and a geopolitically challenging environment, military expenditures have once again become political focal points in developed countries. However, the scientific literature remains inconclusive regarding their impact on economic growth. This paper conducts a meticulous...

Previous literature on the impact of the application of artificial intelligence in businesses on economic growth, welfare, and social disparities is scarce, due to limited data and the recent dynamics of the field. To contribute to this gap, the study employs the percentage of large enterprises...

This paper analyses the impact of credit expansions arising from increases in collateral values or lower interest rate policies on long-run productivity and economic growth in a two-sector endogenous growth economy with credit frictions, with the driver of growth lying in one sector...

The paper refers to the identification and classification of Living Agroecological Laboratories (ALL) and the selection of the most relevant ALL- Organic in the South-Muntenia and South-East development regions of Romania in 2021. Hypotetically, an Agroecology Living Laboratory should be any...

While market mechanisms and private initiatives can deliver much for development, public action is also necessary to: maximize the economic benefits of the extractive industries; manage potentially large capital and revenues flows; minimize adverse environmental and social impacts; and steer the...

We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...

The departure of Tony Thirlwall, a pioneer, renowned scholar, and a generous mentor, is a major loss to economics. This article reviews his main contributions to economics. The article focuses on his approach and method to economics and on his research output in the theory and empirics of growth...

Digitisation and the circular economy open the possibility to ensure efficient products and services development, while promoting the sustainable development of social well-being. Despite being an area with high potential for adopting business models that integrate the perspective of the two...

Investment in R&D today is an essential condition for the economic development of companies, industry as a whole and countries and regions. On the other hand, the financial capacity of economic operators is limited and it is important to know the benefits of these investments. In this context,...

Increasing innovation among the European Union (EU) countries became a primary concern, as it can contribute to higher competitiveness, generate new business opportunities, and promote the achievement of the sustainable development goals. This paper aims to examine the extent to which the EU...