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Romania is positioned at the level of the switching process from an economy in which the primary and secondary sectors are …
Persistent link: https://www.econbiz.de/10012214025
groups: the treatment group that included Bulgaria and Romania and the control group that included Armenia, China, Egypt … Romania. However, these effects have become noticeable only since 2014, seven years after the EU accession. Therefore, we … & Recommendations: We demonstrate that the real GDP per capita of Bulgaria and Romania increased on average by 188 and 644 USD per year …
Persistent link: https://www.econbiz.de/10015374427
Higher education is in the position to save Europe by rendering a substantial contribution to sustainable economic growth. For that purpose higher education must strengthen its innovative power in entrepreneurship education and by focusing research more on societal problems, while being better...
Persistent link: https://www.econbiz.de/10009561436
The establishment of competitive markets has been one of the cornerstones Hungarian economic policy over the past decade, alongside a successful strategy of attracting foreign investment. Broad statistical measures show no signs of endemically weak domestic competition, though the country’s...
Persistent link: https://www.econbiz.de/10012444274
The Draghi Report recommended actions to secure the long-term EU competitive position but did not discuss the challenges related to specific countries or regional groups, including those of Central and Eastern European (CEE) countries. While CEE economies remain focused on manufacturing,...
Persistent link: https://www.econbiz.de/10015359170
The article discusses the economic growth models in post-Communist countries of European Union and Eastern Partnership states. According to the combinatorial augmentation concept, there are new combinations for which the resources for old combinations are practically useless as they require the...
Persistent link: https://www.econbiz.de/10012910780
Can we associate globalization with converging productivity levels of different countries? Are the developing countries catching up? This paper provides answers to these questions by studying unconditional beta-convergence and sigma-convergence of labor productivity with the Penn World Table 9.1...
Persistent link: https://www.econbiz.de/10012847356
capital formation to GDP: both the competitiveness and the investment channel play an important role in the relationship …
Persistent link: https://www.econbiz.de/10012012148
We investigate country heterogeneity in cross-country growth regressions. In contrast to the previous literature that focuses on low-income countries, this study also highlights growth determinants in high-income (OECD) countries. We introduce Iterative Bayesian Model Averaging (IBMA) to address...
Persistent link: https://www.econbiz.de/10012777687
The failure of the neoclassical growth model to account for differences in output per worker across countries has suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper discusses various measures of productivity and its...
Persistent link: https://www.econbiz.de/10013317892