C/E/249. GDP or happiness index: does happiness reflect how well a country is performing?

The paper examines whether economic growth increases a country's well being and the happiness of its citizens. Two opposite theories are reviewed to analyse the effects of income on happiness: the subjective preferences theory and the relative preferences theory. It is argued whether the happiness index should substitute the GDP measure or whether it should be used only as its complement.

P/E/251. Growth theories and economic convergence

The paper analyses endogenous growth theories based on the Solow model and the R&D model. The advantages and disadvantages of both models are outlined; the implications of economic convergence for developing countries are discussed.

P/E/246. Country development: theories and reality

The paper offers a critique of various theories of growth, among them the Marxist theory of country development from capitalism to communism, Rostows theory of Modernization, etc. Historical evidence from the experience of the Soviet Union, economically less developed countries (ELDC) and economically more developed countries (EMDC) is provided on the basis of an extensive review of literature.

S/E/57. Why worry about income distribution? Account for the shift towards a more uneven distribution of income in the United Kingdom.

This paper explains the theory behind income distribution and examines how the UK has become a society of 'haves' and 'have-nots'.

P/E/218. Income inequalities and economic growth

The paper seeks to identify economic rationale behind the changing levels of income inequalities in the process of a countrys economic development. The analysis is based on the theory of Kuznets. Traditional arguments on income distribution are subject to criticism; conclusions are made about the relation between income equality and economic growth.

P/E/215. Theories of economic growth

The paper offers a literature review on the theories of the so-called balanced and unbalanced economic growth showing the strengths and weaknesses of each theory and its practical application. The author argues that a balanced growth strategy requires more planning identifying capital shortages as the main obstacle to economic development.

C/E/80. Economic decline in the UK after World War II

The paper examines the reasons for the economic decline of Britain in the 20th century looking at the implications of the Second World War on the countrys economy and comparing it to that of other countries. The influence of UK labour unions on the countrys industry is discussed.

C/E/79. The theoretical link between an open trade and economic growth. Does empirical evidence support the theory? Was globalisation the main cause of Mexican and East Asian crises?

The first part of this work outlines some of the key trade models such as H-O-S, Ricardian model, Finlay's model among other theories to see their prediction of the relationship between trade and economic growth. Afterwards those theories and models are compared to the empirical evidence around the world. Second part of this work analysis the causes of Mexican and East Asian crises. It is found that while globalisation played a certain part in explaining the extend of the crises, it was rapid liberalisation and incorrect decision making that lead to the them.

C/E/62. Significance and distinct features of technology affecting economic growth

This work highlights the distinct features of technology as opposed to other forms of knowledge. Technology plays important role in the economic growth of national economies and increases competitive advantages at the international level. However, the view that technology can be transferred at no cost does not hold water. Two types of information are considered in the paper: codified knowledge and tacit elements. The analysis of differences of these two branches and implications from this analysis shows that government should pay great attention to the policy concerned with technology. The author also elaborates on the differences between scientific research and industrial R&D since the great distinction can be spotted in organization and compensation patterns. This work will be of great usefulness for students studying international economics and the role of technology in the modern world. The work highlights an array of theoretical and empirical articles providing deep analysis of outcomes

S/E/43. Schumpeters concepts of çCreative Destruction

Joseph Schumpeter's economic theories as they are outlined in his three books differ significantly from the neo-classical view of economics. This essay examines Joseph Schumpeter's economic theory of creative destruction. The theory is outlined and explaining why he moved the emphasis in this phenomenon from individual entrepreneurs to more organised form of innovation.

P/E/174. The Stability and Growth Pact as a part of Europe integration, its impact on Germany and Frances fiscal situation.

This paper examines the SGP (Stability and Growth Pact), established by the euro members and its budgetary prudence and scope on France and Germanys fiscal situations. After analyzing the SGPs current state, it explores France and Germanys budgetary situations and the SGPs impact on them. Next, the global attitudes and the ECBs (European Central Bank) attitude to the SGP are assessed. Finally, some recommendations are given, and the paper makes concluding remarks about the SGPs activity.

S/E/38. At present, the rate of growth of GNP is the main indicator used to tell us how well the economy is performing. What is wrong with GNP as the indicator of economic success from environment point of view? What alternatives indicators would you suggest?

Economic growth is a process stretching over the years and to track the growth or decline we need to have a measure to record the movement. Some of the commonly used indicators of growth used are GDP, GNP, and consumption per capita. While, GDP/GNP are used so commonly they are misleading and have major problems attached to them when we look from environmental point of view. This report looks at some of the problems and identifies some of the alternatives we could use

P/E/167. US and Scandinavian Economies: Human Development Analysis

The paper critically discusses the problem of inequalities in human development in developed countries with the reference to US and Scandinavian economies

P/E/166. The Stability and Growth Pact: Germany and France

The paper aims to identify the current situation with the Stability and Growth Pact and assesses its impact on Germany and France

P/E/160. USSR Energy Sector

The USSR was a major producer of oil and natural gas. The paper outlines and assesses the impact of the energy sector on the development and performance of the Soviet economy during its final 25-30 years.

P/E/157. Theoretical Views on Development

The paper discusses and analyses the ways and reasons of the change of the theoretical views on development since 1945 and identifies why there is currently no overall consensus

P/E/148. Has the British economy 'declined' in the post-war period?

This essay discusses whether British economy has declined in the post-war period basing on different theories and articles

S/E/30. Is Economic Development Significantly Different from Sustained Economic Growth?

This paper considers the concepts of economic development and economic growth in developing nations. It provides a comprehensive definition of economic development, gives an historical account of the term economic development, demonstrates how it is fundamentally different from economic growth, and yet is inexorably intertwined with it. It covers many of the recent and most important debates in development economics, such as Sen's concept of entitlements, human capital development, and the desirability of development in itself. In addition it asks questions of many of the concepts and generates new ideas.

P/E/127. 'Asian Tiger' Economies and Neoclassical Growth Theory

Both the "miracle" of economic growth and the slowdown of growth of the "Asian tiger" economies in the second half of the twentieth century are entirely predictable in terms of neoclassical growth theory. The paper discusses this statement.

P/E/79. The Harrod-Domar Model

The Harrod-Domar Model is the simplest and best-known production function used in the analysis of economic development. This model explains the relationship between the growth and unemployment in advanced capitalist societies. However, the Harrod-Domar Model is used in developing nations as an easy way of looking at the relationships between growth and capital requirements. This model does explain the differences in growth performances between countries. The model allows you to predict an estimate of growth for a nation, which can be compared to predictions of growth for a different country.

P/E/31. Choose any one country, assess its current macroeconomic position and discuss what policy options might be adopted, or have been adopted, by the monetary and fiscal writerities in order to correct any inflation, unemployment or growth problems that exist

The country which was studied is Japan.

P/E/18. ´Do you accept the argument that research and development is the central cause of economic growth? Explain how innovation systems at the national and corporate level have contributed to the development of major industries.Ž

Abstract R&D is certainly a major factor of economic growth as it has lead to technological improvements that increase the marginal productivity of capital. But it has to be taken into account that there are several other factors that cause economic growth, not just R&D alone. Not only that we must also remember the long-term basis of R&D and that it cannot solve short-term fluctuations, even though investment in it is considered the best method to increase economic growth in the long-run.

C/E/26. Is the stability and growth pact sustainable?

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