Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn...

This study investigates the contributions of economic freedom indicators to Indonesia's economic growth from 1995 to 2022, applying the Solow growth model within both static and dynamic frameworks. Using Robust Least Squares (RLS) and dynamic methods - such as Dynamic Ordinary Least Squares...

Economy, society, environment and sometimes indicated institutional and political system – on these pillars is based the idea of sustainable development. The necessity for a global balance in these dimensions hinders the multidimensional approach of ideas. These difficulties increase when the...

This article is an analysis of public debt, in terms of sustainability and vulnerability indicators, under a functioning market economy. The problems encountered regarding the high level of public debt or the potential risks of budgetary pressure converge to the idea that sustainability of...

Over the past few years, organic farming has seen a dynamic development globally. In 2015, the global market for organic products was €81.6 billion, rising to more than €90 billion in 2018 (Światowy rynek produktów ekologicznych osiągnął wartość 90 mld euro 2019). There has also been...

China's rise has been the economic success story of the past four decades but economic growth has been slowing and domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the economic outlook and the potential impact of a...

The climate crisis is inevitably looming over the horizon. Some countries are much more vulnerable than others to its harshest consequences due to their existing issues of poverty and underdevelopment. At the same time, developmental policies pursue economic growth at the cost of environmental...

This paper provides new evidence on the convergence process of energy, water and food per capita consumption levels for 108 countries from 1971 to 2018, using a common data set, with VAR and panel data approach. We establish a new notion of multivariate sigma and beta-convergence. The results...

Political stability is an important precondition for economic development. While political stability cannot be created by laws alone, an effective legal framework for political governance, such as a constitution, can facilitate political stability. It is noted that political stability is not...

This paper provides an overview on the interlinkage between Sustainable Development Goals (SDGs) achievement and Least Developed Country (LDC) graduation, by examining the relationship between the indicators to be used for monitoring progress toward SDGs, and the ones currently used for LDC...