Our general pattern of deficits and debt has much in common with that of many other Organization for Economic Cooperation and Development (OECD) countries, including the United States—that is, a very high ratio of debt to GDP coming out of the Second World War, followed by a rapid decline of the debt ratio as the military was demobilized, as economic growth took off, and as the effective intere...

Innovativeness, determining the development potential of enterprises and economies, and hence the economic welfare of societies, became an important area of interest for both theoreticians and especially economic life practitioners. Thus, in this study of the subject there can be found numerous definitions and types of innovation, including environmental innovation, being a response to the dema...

Abstract The literature reveals that linear models do not accurately represent the asymmetric relationship between economic growth and energy consumption (EC). To fill this gap, we examined EC in a non-linear panel autoregressive distributed lag (ARDL) framework of 85 countries as whole sample Brazil, Russia, India, China, South Africa (BRICS), Next Eleven, Big Four Western Europe, Asia-Pacific...

The growth of regional trade blocks has been one of the major developments in international relations in recent years. Regional agreements vary widely but, all have the objective of reducing barriers to trade between member countries that in most cases result in increasingly trade flows and economic growth. This paper attempts to explore the results of trade integration in ECO, EU and OIC block...

In the last 30 years, China’s economic power has experienced great changes and has brought about a profound impact on the world economy. This led us to ask a question: do changes in China’s economic power shift the geo-economic relationships between China and its neighboring countries? To answer this question, we researched the evolution of geo-economic relationships between China and the Assoc...

the growth of regional trade blocks has been one of the major developments in international relations in recent years. regional agreements vary widely but, all have the objective of reducing barriers to trade between member countries that in most cases result in increasingly trade flows and economic growth. this paper attempts to explore the results of trade integration in eco, eu and oic block...