This paper focuses on the thinking of Emil Lederer, one of the leading academic socialists of Germany in the 1920s. Lederer's views on economic development, technical change, credit and business cycles are compared to those of Schumpeter. The paper traces the roots of some of their ideas back to...

This paper uses the Growth Accounting methodology to estimate technological change, as well as labor and capital productivity in the various sectors of the Greek economy over the period 1988–1998. The results show that the technological level, as measured through annual growth in Total Factor...

The present paper estimates Total Factor Productivity (TFP) change for the Russian economy in the time period 1994-2006. It also calculates potential output and output gap using a Cobb-Douglas (CD) production function and a Hodrick-Prescott filter, as well as the Non-Accelerating Wage Rate of...

This paper compares Joseph Schumpeter and Emil Lederer with respect to their visions concerning the notions of economic growth, technology and business cycles. Their theoretical investigations in a number of thematic areas seem to converge to similar views. More precisely, both Schumpeter and...

The present paper applies empirically the methodology of backward and forward R & D multipliers for the case of Greece, which, despite its high growth rates in output (G.D.P.), ranks last among European Union (E.U) countries in R&D expenditure. The backward R&D multipliers measure the total...

This paper calculates the environmental effects of the Attiki Odos (AOD) motorway investment expenditures in the Athens Metropolitan Area (AMA), Greece. The AOD is incorporated in the Trans-European Networks (TEN) and is a priority project aimed at developing the AMA. Input ‚Äí output...