While all of these factors are likely to be important for competitiveness and growth, they are not mutually exclusive-two or more of them can be significant at the same time, and in fact that is what has been shown in the economic literature. ... Although the economic literature has focused mainly on public institutions, private institutions are also an important element of the process of creating wealth. ...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate

As a hidden demonstration of corruption we can note the repeated promises of authorities of Yerevan and Republic about purchasing of the large buses for UPPVT (in Yerevan 3500 microbuses and only 100 buses function) which till remains as promises. ... Literature Review 3.1. ...

• Word Count: 3271
• Approx Pages: 13
• Has Bibliography

Globalisation The word globalisation has become a buzzword since its inception at the beginning of the 1990s. A cottage industry on globalisation has emerged from which academics and intellectuals make a living by writing articles and travelling the world debating with others. The financial and b...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

How Sound are the Foundations of the Aggregate Production Function? Abstract: The aggregate production function has been subject to a number of criticisms ever since its first empirical estimation by Cobb and Douglas in the 1920s, notably the problems raised by aggregation and the Cambridge Capital Theory Controversies. There is a further criticism due initially to Phelps Brown (and elaborated, in particular, by Simon and Shaikh) which is not so widely known. This critique is that because at the aggregate level only value data can be used to estimate production function, this means that ...

• Word Count: 11086
• Approx Pages: 44
• Has Bibliography
• Grade Level: Undergraduate