scholarly journals Re-shaping the Model of Economic Growth of the CEE Countries

2016 ◽  
Vol 6 (2) ◽  
pp. 137-159 ◽  
Author(s):  
Elena Makrevska Disoska
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
Economic Model ◽  
Growth Strategy ◽  
Eastern European ◽  
The Past ◽  
Policy Measures ◽  
Intensive Growth ◽  
The Eu

Abstract The goal of this paper is to stress the importance of changing the present growth strategy of Central and Eastern European (CEE) economies. The economic model of resource and debt intensive growth they have enjoyed in the past two decades have proved to be ineffective and unsustainable. Given that the CEE growth model cannot be identified separately from the EU as a whole, we try to propose possible policy measures that would stimulate growth in the CEE in context of the policies at the EU level.

Are Crypto-Assets Green Enough? – An analysis of draft EU Regulation on markets in crypto assets from the perspective of the European Green Deal

2021 ◽  
Vol 67 (2) ◽  
pp. 237-250
Author(s):  
Emanuel Wanat
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Resource Use ◽  
Growth Strategy ◽  
Environmental Footprint ◽  
Current Effect ◽  
Consensus Protocol ◽  
Consumption Energy ◽  
Competitive Economy ◽  
The Eu

In 2019 European Commission announced “The European Green Deal” a “a new growth strategy that aims to transform the EU into a fair and prosperous society, with a modern, resource-efficient and competitive economy where there are no net emissions of greenhouse gases in 2050 and where economic growth is decoupled from resource use”. The digital sector must also participate in the Green Deal effort. This articles analyzes questions of sustainability in the context of crypto assets, with particular emphasis on the question of whether Bitcon acutally represent a crypto asset, energy consumption, energy drain, the proof-of-work consensus protocol, the environmental footprint of crypto assets. The article concludes that Bitcoin’s current effect on environment remains controversial at best.

scholarly journals The basis and sustainability of the new growth model of the Chinese economy

2013 ◽  
Vol 65 (4) ◽  
pp. 423-443
Author(s):  
Miroslav Antevski
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
Driving Forces ◽  
Chinese Economy ◽  
Domestic Consumption ◽  
The Past ◽  
Cheap Labour ◽  
Chinese Model ◽  
The World ◽  
Combined Impact

The Chinese model of economic growth has produced impressive results in the past several decades, while the rates of economic growth and exports and imports growth have been the highest in the world. It has been based on cheap money, cheap labour and resources, while the investment basis has been high rates of reinvestment profits. The most dynamic sector of the Chinese manufacturing exports has been processing trade. For this reason, it is called export-led growth model. The new model, which was announced in 2011, should result in some change of the main driving forces of exports growth - apart from investments and exports, consumption should play a significant role. In this way, growth would be driven by a combined impact of primary, secondary and tertiary sectors, by stimulating of domestic consumption, improvement of investment mix, further industrialisation, urbanisation and modernisation of agriculture.

scholarly journals Thoughts on China’s energy transition outlook

2019 ◽  
Vol 3 (1-2) ◽  
pp. 59-72 ◽  
Author(s):  
Wang Zhongying ◽  
Kaare Sandholt
Keyword(s):  
Economic Growth ◽  
Energy Systems ◽  
Energy Transition ◽  
Energy System ◽  
Low Carbon ◽  
Security Of Supply ◽  
Transition Analysis ◽  
The Past ◽  
Policy Measures ◽  
Sustainable Energy System

Abstract China’s strong economic growth over the past 40 years has been followed by similar strong growth in energy consumption, based on coal. A continuation of this development is not sustainable, and China has set new ambitious targets for future energy systems development, which in reality calls for a genuine energy revolution in order to build a clean, low-carbon, safe, and efficient energy system towards 2035 and 2050. This paper looks at the mechanisms behind the energy transition, analysis of a concrete case for a sustainable energy system in 2050, and points to policy measures and instruments to ensure the necessary progress in this energy transition. The case shows that it is possible for China in 2050 to reduce CO2 emission to one-third of today’s emission while at the same time maintaining economic growth, improving security of supply, air quality, and economic efficiency of the power system.

scholarly journals Circular economy policy-related national initiatives in Visegrad countries

2020 ◽  
Vol 27 (2) ◽  
pp. 131-154
Author(s):  
István Pomázi ◽  
Elemér Szabó
Keyword(s):  
Circular Economy ◽  
Economic Model ◽  
Decision Makers ◽  
National Initiatives ◽  
Wide Range ◽  
Policy Measures ◽  
Different Characteristics ◽  
Alternative Solutions ◽  
Visegrád Countries ◽  
The Eu

The concept of circular economy (CE) has become popular in the last decade: both decision-makers and businesses are looking for alternative solutions replacing the present economic model. Official governmental documents have been selected for introducing Visegrad countries’ (V4) initiatives and monitoring the progress toward a transition to a circular economy. Based on selected material flow and resource productivity (RP) indicators, the study compares the regional differences among Visegrad countries. The current performances of the V4 in the implementation of the circular economic model are below the EU average. Moreover, it is noticeable that the dynamics of the changes of each indicator is more positive than on average in the EU, however, only moderate relative decoupling of domestic material (DMC) from GDP has occurred. When comparing individual countries, the wide range of the policy measures taken by V4 countries to support the transition to a circular economy can be considered promising. Despite the different characteristics of Visegrad countries, they show similar performances that are rather close to each other and incrementally approach to the EU average.

scholarly journals Endogenous economic growth in China

2016 ◽  
Vol 2 (1/2) ◽  
pp. 81
Author(s):  
Qingshan Tan
Keyword(s):  
Economic Growth ◽  
Growth Models ◽  
Growth Strategy ◽  
Regional Government ◽  
Regional Economies ◽  
The Past ◽  
Knowledge Based ◽  
Endogenous Growth Model ◽  
To Come

China has enjoyed spectacular economic growth over the past twenty years or so. However, Chinese regional economic development has relied on forein direct investment, export-oriented industralization, and other traditional growth models. While China can perhaps continue to rely on exports, cheap labor, and a huge domestic market for foreing invetment for some time to come, sooner or later the question will arise: How long can China sustain economic growth based on her current strategies?We propose in this article the endogenous growth model as an alternative and long-term growth strategy, and focus largely on its treatment of knowledge as an independent factor of production in Chinese regional economies. This article thus proposes a new institutional framework defined as a trilateral commission. The commissioners are designed to advise and enhance communication between local and regional government leaders and administrators on knowledge-based collaboration and coordination among business, government, and the research community, as well as on the issue of knowlege generation and utilization.   

scholarly journals Smart Specialization as an Innovative Strategy for the Regional Economic Growth: Experience of Central and Eastern European Countries for Ukraine

2020 ◽  
Vol 11 (514) ◽  
pp. 59-68
Author(s):  
H. V. Voznyak ◽  
◽  
T. L. Kloba ◽  
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Regional Policy ◽  
European Countries ◽  
Eastern European ◽  
Smart Specialization ◽  
Eastern European Countries ◽  
State Regional ◽  
The Eu ◽  
State Regional Policy

The initiated processes of reforming the government and public finances in Ukraine have provided real opportunities for increasing the resources for sustainable development of regional economic systems, communities and territories. At the same time, domestic practice shows ineffective mechanisms for implementing the State, regional policy, deepening both interregional and intra-regional asymmetries in terms of socioeconomic development. These aspects highlight the increased interest in the scientific and practical problem of converting opportunities into tools to stimulate economic growth of territories and updating the State Regional Policy of Ukraine, which should be based on the system of multilevel governance of territories and development of its strategic vision, especially in terms of competitive advantages. The purpose of the study is to systematize the experience of strategizing the regions of the EU, Central and Eastern Europe and to carry out a comparative analysis of the choice of priority areas of smart specialization in terms of groups of regions with appropriate economic structure. The object of research in this article are the processes of strategizing the regional development on the basis of smart specialization in Ukraine and the EU Member States. In the course of the research a set of general scientific methods of scientific cognition (system analysis, logical generalization, analogy, comparative analysis) was used, which provided an opportunity to realize the integrity of scientific research. The practices of regional strategy on the basis of smart specialization of Central and Eastern European countries are analyzed. Their economic profile and priorities of reasonable specialization are determined. The peculiarities of the functioning of the economy of the countries / regions selected for analysis are highlighted. Emphasis is placed on the consequences / benefits of implementing innovative strategies for the economic progress of countries / regions. A comparative assessment of the priority areas of smart-specialization of the EU and Ukraine in terms of groups of regions with the appropriate structure of the economy is made. As a result of the study, no unambiguous correspondence was established. Recommendations are given and imperatives are determined, upon which the policy of sustainable growth of the regions of Ukraine should be developed, based on the results of the conducted research.

scholarly journals Reform in Economic Institution to Promote Restructuring and Changing the Economic Growth Model

2013 ◽  
Vol 215 ◽  
pp. 12-20
Author(s):  
LỊCH TRẦN DU
Keyword(s):  
Economic Growth ◽  
Market Economy ◽  
Growth Model ◽  
Economic Restructuring ◽  
The State ◽  
Economic Management ◽  
The Past ◽  
Economic Growth Model ◽  
Regulatory Instruments ◽  
Effective Use

Despite its continuous improvements in the past 25 years, Vietnam?s economic institutions failed to act as a dynamic of economic restructuring and changes in economic growth model in the coming period. When the state fails to identify its functions and duties at all levels in economic management, it cannot control effectively all operations in the market. The state will be slow to change its habits of intervening in the market with its administrative decisions instead of indirect regulatory instruments used for dealing with market defects. In this paper, the author analyzes, interprets and make suggestions about two major issues: (1) Changes in concepts of economic functions of the state in the market economy; and (2) Effective use of macroeconomic regulatory instruments.

ECONOMIC GROWTH WITH ENDOGENOUS ECONOMIC INSTITUTIONS

2018 ◽  
Vol 24 (4) ◽  
pp. 920-934 ◽  
Author(s):  
Zhao Li ◽  
Yujing Chu ◽  
Tianruo Gao
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
Growth Path ◽  
Economic Growth Rate ◽  
Economic Agents ◽  
The Past ◽  
Economic Growth Model ◽  
Endogenous Institutions ◽  
Learn By Doing ◽  
The Stability

Unlike most existing studies on the endogenous institutions, literature on theoretical growth has traditionally considered institutions as exogenous. In this paper, a learn-by-doing-based growth model is adopted and integrated with endogenous institutions to study how economic agents’ incentives engage in institutional improvements or exploit institutional imperfections. From maximization of identical agent utility, the economic growth model includes capital, labor, technology, and institutions. The study is to analyze the effect of institutions on the stability of equilibrium, balanced economic growth path, and convergence rate in the process of economic growth. It is concluded that, firstly, improving institutions is a decisive factor for China’s high economic growth rate for the past years; secondly, improving institutions can increase the capital stock per unit of effective labor in steady state; thirdly, imperfect institutions can explain income difference among countries; and finally, technology plays a key role only under the conditions adapting to institutions.

scholarly journals Die EU und die große Krise

2009 ◽  
Vol 39 (157) ◽  
pp. 541-558 ◽  
Author(s):  
Joachim Becker ◽  
Johannes Jäger
Keyword(s):  
European Countries ◽  
Social Forces ◽  
Current Crisis ◽  
The Past ◽  
Policy Measures ◽  
The Eu

The EU has been severely, but unevenly affected by the current crisis. The article asks why and how European countries are affected differently by the crisis and why responses to the crisis diverge. Based on a regulationist framework, it is argued that the existence of different regimes of accumulation and their specific linkages explain those phenomena to a large extent. It is concluded that the policy measures proposed until now by dominant social forces are limited to rather minor changes and aim at the restoration of the regimes of accumulation which had been dominant during the past decades.

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