This paper explores a development strategy for peripheral economies by advocating for a paradigm shift from traditional economic models that rely on accumulating foreign reserves. It proposes the job guarantee (JG) policy, an automatic stabilizer based on a reserve pool of employed individuals,...

We use the microdata underlying the Ethiopian CPI to examine the spatial dispersion in local prices and availability of 401 items across 106 cities. Remote cities face higher prices and have access to fewer products. Large cities also face higher individual prices but enjoy access to a wider set...

We use the microdata underlying the Ethiopian CPI to examine the spatial dispersion in local prices and availability of 401 items across 106 cities. Remote cities face higher prices and have access to fewer products. Large cities also face higher individual prices but enjoy access to a wider set...

The return of inflation in Western economies has fueled the debate on its main drivers, bringing sector-specific shocks and supply chain bottlenecks to the forefront. Building on the seminal approach of Weber et al. (2024), this paper develops a method to assess the degree of exposure to these...

This study focuses on EU Cohesion Policy in the nine outermost regions. It first outlines the geographic, climate, socio-economic, demographic and administrative characteristics of these regions and further analyses the vulnerabilities affecting their convergence processes. It pays particular...

Large and economically diverse countries often face a problem of regional imbalances which goes beyond a simple division between a core and a periphery. In large countries regions "out of the core" demonstrate substantial variety in economic, social and cultural terms, they have difference...

Regional innovation policies are currently influenced by a series of territorial innovation models, with the regional innovation system (RIS) approach being one of the prominent examples. The rationale of smart specialization strategies (S3s) is deeply influenced by the RIS concept and...

The US dollar has been an integral part of everyday life and political-economic order in Georgia for more than three decades. Thinking and planning in two currencies - the Georgian lari and the dollar - is common not only for local companies and the government but also for households. The dollar...

While the persistent core-periphery dualism within the European Monetary Union (EMU) has been extensively studied, its relationship to the Sustainable Development Goals (SDGs) remains unexplored. This is surprising, given the EU's strong commitment to achieving the 17 SDGs by 2030. The SDGs...

Aus früheren Untersuchungen ist bekannt, dass das Handwerk in vielerlei Hinsicht eine stabilisierende Funktion für ländlich-periphere, strukturschwächere Regionen hat. In der Fläche außerhalb der Ballungszentren ist das Handwerk damit ein wichtiger Faktor für den Abbau regionaler...

Using a Balance-of-Payments Constrained Growth model and a Convergence Quadrants Diagram this paper finds evidence of economic divergence of most European Union (EU) peripheral member states and the EU average between 1996 and 2019. In only two cases – Spain and Cyprus – do we find a trend...

Sand is a crucial resource for construction of urban infrastructure and constitutes an integral part of the built environment. In Ghana, terrestrial sand mining on farmlands is widespread in the rural and peri-urban communities adjoining the country’s capital, Accra. Despite an estimated...

Τhe first Eurozone crisis has increased core-periphery imbalances at the EMU, as expected from theory. It was followed by a significant structural change, through laying down the foundations for a Banking, Fiscal and Capital Markets Union. Using GNI per capita and employment indexes from 2009...

The purpose of the study was to analyze social innovations in a broader context in order to achieve sustainable development goals. In terms of a response to the research questions, a comprehensive analysis of an alteration process in rural development was conducted while identifying the social...

Primary healthcare institutions (PHIs) in China have experienced a sizable decline in medical services in recent years. Despite the large regional disparities in China, there is a lack of evidence on the differential patterns of medical services offered by PHIs, especially from a spatial...

The Dish Stirling technology offers high efficiencies and holds potential as a renewable energy solution for remote areas in the great south where delivering power to consumers is challenging. This study simulated a 100 kW Dish Stirling system in five locations to assess its implementation as an...

Using a Balance-of-Payments Constrained Growth model and a Convergence Quadrants Diagram this paper finds evidence of economic divergence of most European Union (EU) peripheral member states and the EU average between 1996 and 2019. In only two cases – Spain and Cyprus – do we find a trend...

This paper seeks to fill a gap in the literature on frontier market economies (FMEs) with the following two research questions: (i) Which are the drivers of FMEs' integration into financial globalisation? (ii) What explains the greater vulnerability of FMEs compared to emerging market economies...