After 1950`s, gradually the variable of human capital was included in the economic growth analysis .Foreign trade has also provided economic growth. Among other variables, which can be effective on the economic growth, are the country's economic and political structure and history of the oil or socialist system. The aim of this study was to analyze the effect of human capital, foreign trade, ha...

The design and implementation team of computer automation systems for the Polish power industry faced many difficult problems connected with the lack of experience in this domain in the country. Another kind of problems was implied by different levels of information and communication technology in that country and in well developed ones. The differences were generated by both internal (importat...

about 60 percent of the world's known reserves of oil reside in the middle east region. as such, any developments of this region are of utmost importance for the world economy. the strait of hormuz is the export conduit for 90 percent of the oil of the countries bordering the persian gulf, supplying 40 percent of world oil consumption, and is controlled by our country. since assessment of ...

Oil is the driving force for the modern economy as a cheap energy source and its reliable supply of oil is therefore a crucial element of economic growth. Oil resources however, are unevenly distributed and concentrated into only a few, on average, emerging economies. Inefficient and ineffective resource management can jeopardize the secure flow of oil. Especially since these supplying countrie...

A large body of scholarship finds a negative relationship between oil abundance and economic growth. The existing empirical evidence on the oil curse, however, does not account for variations in the ownership of oil. This article investigates whether the effect of oil abundance on growth varies with ownership structures. It also investigates whether institutional quality influences the effect o...

In the initial models of economic growth, economic factors entered in to models but in the following models, non-economic factors entered in to models. Many broad studies were done on this subject by the economists, and already considerable results were obtained. Subjects such as corruption in the administrative bodies were new variables entering the literature of economic growth at that stage....

Fluctuations in crude oil price significantly impact the global economic market. A rise or a fall leads to redistribution of wealth in both oil-exporting and importing countries. Under such background, efficient and accurate predictions for crude oil price are critical for a stable economic development. However, crude oil price forecasting has been proved to be an extremely tough task, due to i...

The 'paradox of plenty' and the 'resource curse' hypotheses claim that abundance in natural resources, particularly oil, encourages civil war through a number of causal mechanisms. Natural resources provide both motive and opportunity for conflict, rent seeking slows down growth and renders state institutions weak thus creating indirect causes of violent conflict. Contrarily, the theory of the ...