Titlebook: Economic Crisis, Development and Competitiveness in Southeastern Europe; Theoretical Foundati Anastasios Karasavvoglou,Dimitrios Kyrkilis,P

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Economic Crisis and National Economic Competitiveness: Does Labor Cost Link the Two? The Case of theuments put forward in this paper. Equally important, the paper argues that national economic competitiveness is related to the functional income distribution. It analyses the relationship between gross profits and productive investments, and it applies the conclusions of the analysis to the euro zone southern countries.

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Macroeconomic Theory and Macroeconomic Logic: The Case of the Euro Crisisal shock in 2008–9, which ushered in a recession across the world. Europe—including Germany—was hit hard as credit contracted and international trade shrunk. The real crisis in Europe, however, commenced in 2009–10 as the recession induced a worsening of public finances that triggered off a gigantic

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Baffle

‘Compulsory’ Economic Deflation Turned Political Risk: Effects of Austere Decision-Making on Greece’, and increased political populism and polarization. While the macroeconomic merits of this strategy are debatable, politically, Greece seems to have turned into a key political risk, for itself, as well as for the Eurozone, with potentially significant impacts on the world economy. Considering the

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Theory of Optimum Currency Areas and the Balkans out the costs and benefits of giving up a national currency. There are costs and benefits for countries that decide to use the currency of another country or if they choose to belong to a monetary union. The main cost for a country when it is part of a monetary union is the loss of monetary policy,

BALK

The Nexus Between Imports and National Income in Turkeyynesian Models traditionally argue that a rise in import decrease the net export and hence aggregate demand as a basic source of economic growth, which implies a negative causal relationship from import to national income. Contrarily, Endogenous Growth Models put forward that imports play a positive

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Interaction Between Competitiveness and Innovation: Evidence from South-Eastern European Countriesroblem of competitiveness within this stream of economic theory is mainly approached as the need to find the answers why some countries develop faster and become richer than others, i.e. how an economy gains the ability of sustainable growth, which makes it more competitive than others. In contrast

Promotion

Testing Uncovered Interest Parity for Structural Breaks: A Developing Country Perspectivewell-known and widely tested in international finance. This test of UIP is based on high-frequency data. The most promising parts of the evidence are the EGARCH analysis of statistical properties of time series of deviations from UIP, and the Markov Switching model. EGARCH (1,1) delivers a model abl

暴发户

Adult Education: A Vehicle for Economic Developmentlop a more rigorous understanding of how adult education programs in several aspects of today’s political, social and economic realms can empower individual actors, citizens, to involve in the societal evolution towards social cohesion, which consequently implies a transition to economic development

巧思

The Balance-of-Payments Constrained Growth Model in Transitional Economy: The Case of Bulgaria