The privatization process in the transition economies may appear to be the most serious economic event in the last 10-12 years. All transition countries experimented with different privatization models. Although the privatization processes have not ended yet, the development of a methodology for...

This paper studies the role of income distribution as a determinant of the size of the informal sector in an economy by relying on a channel whereby inequality affects the behaviour of aggregate demand and thus influences the incentives a firm has to become informal. It is further postulated...

Regional push derives from the geographic agglomeration of economic activities, and is expressed in increments to national productivity. Various pieces of statistical evidence in favor of the existence of regional push effects in low- and middle-income economies are marshalled. The origins of...

With the increasing political and economic integration that accompanies globalisation, a growing number of international agreements now restrict the national ‘policy space’ of developed and developing countries alike. The paper demonstrates how developing countries’ national policy space...

E’ possibile intendere l’accesso al credito come un diritto umano e quindi esercitabile da qualsiasi persona, ricca o povera, istruita o analfabeta che sia? Eventualmente, una pratica ed approccio di questo tipo, è economicamente e socialmente sostenibile? Sono queste le due grandi sfide...

The policy approach, that is at the basis of this study, realistically assumes that the following determinants will be of the utmost importance for the success or failure of the project of European integration and European unity: (i) Europe is characterised by the typical 'mix' of countries that...

The main objective of this working paper was to look at the economic reforms and there impacts in the Nigeria agricultural sector using some indicators such as the Gross domestic Products, prices of agricultural product,prices of agricultural inputs,effects on poverty, effects on both imports...

The mathematical formulation of new System Method based on ideas of “system potential” and “conditions of its realization” is given. Cyclical dynamics of “efficiency of work” of a complex adaptive system follows from this Method. These cycles have the properties like to the...

The new method of system dynamics, Method of System Potential (MSP), is applied for examination of long-term and short-term dynamics of the Economic System. According to MSP two ways of long-term development of a system exist: (1) cyclical and (2) noncyclical dynamics of efficiency index of a...

The main argument of this paper is that consumption and demand, like production, are discovery processes guided by trial-and-error and learning by consuming. The key question that is addressed is: how do consumers deal with innovation? By bringing together a number of threads within the...