For several decades, the international community has aspired to integrate the social, economic and environmental dimensions of sustainability. Yet, no country has achieved the patterns of consumption and production that could sustain global prosperity in the coming decades. Thus, with the...

The Great Recession in 2008—2009 and slow recovery after it became a significant challenge both for economic policy and theory, especially for economic growth studies. New circumstances have revealed new stylized facts, for instance, the decrease in growth rates and capital accumulation in...

Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...

Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...

Sparked by Baumol’s revenue- versus profit-maximizing models of the firm, this paper using a growth model shows that if a nation seeks GDP-maximizing growth with capital expansion as driving force, the model could work only under the assumption that the consumers’ aversion to...

Traditional measures of labour quality might have the shortcoming of missing some features of the very important increase in labour utilization within European countries. In particular, we explore the case of Spain. Despite showing one of the most important increases in labour quality in the EU...

Although global changes like political security, depletion of natural resources,energy supply and global warming are affecting all continents; Africa strugglethe most to cope with these changes. This is due to the many historicalimpediments that Africa still has to overcome. Examples of these...

As Africa’s major oil exporter and factor driven stage country, Nigeria has made some progress in socioeconomic terms in recent years. However, large pockets of Nigeria’s population still live in poverty without adequate access to basic services. Currently, Nigeria is capturing just as small...

As the most populous nation in Africa, Nigeria is uniquely positioned to reap the benefits of the emerging digital economy. And by accelerating access to digital technologies spurs innovation, efficiency and productivity which brings about choice and opportunities for greater growth and...