Using the works of Steven Lukes, John Kenneth Galbraith and Kenneth Boulding, this paper gives a typology of power relationships in economics, a concept that has been “forgotten” by the mainstream. Secondly, this typology is used to evaluate and show the real aim of neo-liberal policies...

From the 1930s, Leontief defended the validity of input-output analysis on the basis of a very specific epistemology: operationalism. Operationalism was not proper to Leontief but it was a common epistemological reference from the 1930s to the 1950s –especially about the status of scientific...

In this paper, we propose a usual strategy in order to estimate the impact of a free trade area agreement between EU and Mediterranean Partner Countries (MPC's). In this frame, a dynamized Input-Output model is developed, obtaining the main economic impacts in each MPC country (employment, Value...

The present paper puts forward a new hypothesis about the economic circuit, which is a product of Marx’s “period of production” and Keynes’s determination order between investment and savings. It leads to a new definition of profit which excludes any remaining competition between savings...

This paper aims to verify how the performance of the agricultural sector affects the process of structural transformation of the Moroccan economy. It analyzes the dynamics of productivity in two ways. First, the speed of convergence of agricultural productivity to the level recorded by other...

This paper analyses the path of private consumption and its main macroeconomic determinants. These are related to the life-cycle approach which helps explaining consumption smoothing. In that respect, it is important to go beyond the simple correlation between current disposable income and...

This paper provides an extensive overview of the economic importance and development of the Port Autonome de Liège, over the period 1997 - 2002. Focusing on the three major variables of value added, salaried employment and investment, it also provides information about the financial situation...

The Port Autonome de Liège, with its 26 kilometres of berths and several multimodal platforms, plays an important role in the Walloon and Belgian economy. This update paper gives an extensive overview of the economic importance and the latest developments of the Port Autonome de Liège, through...

This paper is an annual publication prepared by the Microeconomic Analysis unit of the National Bank of Belgium. The Flemish maritime ports -Antwerp, Ghent, Ostend, Zeebrugge- and the Autonomous Port of Liège play a major role in their respective regional economies and in the Belgian economy,...

This paper is an annual publication issued by the Microeconomic Analysis service of the National Bank of Belgium. The Flemish maritime ports (Antwerp, Ghent, Oostend, Zeebrugge), the Autonomous Port of Liège and the port of Brussels play a major role in their respective regional economies and...