Functional Signal plus Noise (FSN) time series models are introduced for the econometric analysis of the dynamics of a large cross-section of prices in which contemporaneous observations are functionally related. A semiparametric FSN model is developed in which a smooth, cubic spline signal...

Using a large data set for 167 developed countries and emerging and transition economies, the authors estimate probability models (probit and ordered probit) based on available de jure and de facto classifications for 1970–1995 and 1995–1999. They show that economic openness, trade...

Obsahom článku je hodnotenie novej úrovne efektívnosti terajšieho vývoja efektívnosti využívania produktívnych faktorov globálneho hospodárstva. Úvodné časti sú venované teoretickým aspektom skúmania, najmä teóriám Friedricha von Hayeka a Josepha Schumpetera. Osobitný...

This article is oriented on the analyses of the development of the mergers and acquisition process. The author shows the main reason and motivations of expansion MA and its influence on the globalization of the world economy. This activity is (in the time and the territory) very different and...

Economic growth together with gross domestic product increase - have been considered as principal criteria of countries´ welfare. Contemporary era witnesses profound changes within countries and their population. These have been reflected in impacts on evaluating wealth, happiness and content...

In this paper we systematize existing theoretical and empirical, often contradictory, knowledge of leading international economists and foreign institutions about reciprocal and causal relations between income distribution, economic growth and income poverty, in order to highlight the importance...