Economics 21

More titles

• 

  Inflation and Labour Capital Distribution: the Viable Compromises

  Our contribution aims to revisit the well known Goodwin’s model in macroe-conomics by the light of set-valued analysis taking into account state and regulation constraints in a viability program. The model of Goodwin (1967) deals with dynamic in¬teractions between employment and salary levels. It provides endogenous explanations of cyclical trends ... Our contribution aims to revisit the well known Goodwin’s model in macroe-conomics by the light of set-valued analysis taking into account state and regulation constraints in a viability program. The model of Goodwin (1967) deals with dynamic in¬teractions between employment and salary levels. It provides endogenous explanations of cyclical trends in dynamical economy. Viability methods enable investigating model properties and revealing appropriate regulation allowing the evolution to ful;ll some pre¬scribed qualitative objective. Then, applying computational methods derived from the Viability Kernel Algorithm, one can stretch the traditional Goodwin model analysis up to the institutional framework of the economy including monetary and budgetary aspects of the regulation policy from the public authorities, namely the state government, the cen¬tral bank and eventually the rivalry between the two boards thanks to dynamical games.

• 

  The Effects of Implementing European Policiesin Agricultiral Holdings in the Republic of Bulgaria

  There have been numerous publications in recent years dealing with the various effects of the CAP on holdings in the EU countries. In the Republic of Bulgaria, however, there are not comprehensive assessments of the actual effects of the implementation of CAP on agricultural holdings as a whole and on agricultural holdings of different types. This ... There have been numerous publications in recent years dealing with the various effects of the CAP on holdings in the EU countries. In the Republic of Bulgaria, however, there are not comprehensive assessments of the actual effects of the implementation of CAP on agricultural holdings as a whole and on agricultural holdings of different types. This article presents the results of a comprehensive survey of CAP’s impact on incomes, efficiency, competitiveness and sustainability of agricultural holdings of different legal types, sizes, specialization and geographical location. The approach of the study and the system of criteria and indicators for assessment are presented in details in a previous publication of the authors . In order to assess the effects of the CAP, the authors used formal data of the Ministry of Agriculture and Food, the National Statistical Institute and other sources, primary data of surveys of farm managers and expertise of leading experts in the given sphere.

• 

  The Factors of Economic Growth from a Classical Perspective

  The problems of economic growth have been increasingly taken into account over the last decades, which brings to the fore the issue of the factors that determine it. The dynamics of contemporary economic development requires detailed knowledge and thorough study of this complex set of elements. Over the years they have highly evolved and changed ... The problems of economic growth have been increasingly taken into account over the last decades, which brings to the fore the issue of the factors that determine it. The dynamics of contemporary economic development requires detailed knowledge and thorough study of this complex set of elements. Over the years they have highly evolved and changed the concept of generating growth. The beginning, however, was set long ago in the past. This study examines the factors of growth from the point of view of the classical economic theory. The analysis starts with the ideas of W. Petty and the determinants worked out by him – labour and land; it continues with Fr. Quesnay’s views on the power of nature and the crucial role of agriculture; it identifies the main causes of the wealth of nations according to A. Smith with an emphasis on labour productivity; it emphasizes the dynamic changes in the factors according to J. S. Mill; it justifies their triune structure according to J. B. Say and outlines some obstacles to growth according to T. Malthus.