expenditure and economic growth by employing the Error Correction Mechanism (ECM) and Johansen co-integration test respectively … promotes economic development in Cyprus. However, deficit financing by the government causes more liquidity effects but also … inflationary pressure in the economy. Results show that inflation negatively effects economic growth probably due to adverse supply …

There are different factors for obtaining economic development. In contemporary economics, knowledge and intellectual … capital have become necessary for achieving economic development. Management and development of intellectual capital bring … economic development. Selected indicators for measuring intellectual capital and knowledge and their influence on the economic …