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The Solow Model of Economic Growth
In 1956, Solow proposed a neoclassical growth model in opposition or as an alternative to Keynesian growth models. The Solow model of economic growth provided foundations for models embedded in the new theory of economic growth, known as the theory of endogenous growth, such as the renowned growth models developed by Paul M. Romer and Robert E. Lucas in the 1980s and 90s. The augmentations of the Solow model described in this book, excepting the Phelps golden rules of capital accumulation and the Mankiw-Romer-Weil and Nonneman-Vanhoudt models, were developed by the authors over the last two decades. The book identifies six spheres of interest in modern macroeconomic theory: the impact of fis...
Entrepreneurship, Technological Upgrading and Innovation Policy in Less Developed and Peripheral Regions
This special issue of the journal tries to shed light on how innovation processes occur in less developed regions by examining which factors affect these processes and how they differ substantially between the less developed and the more developed areas in Europe. There are significant differences in innovation capacity among the lagging-peripheral and the more developed regions. Recently, the downgrading of traditional manufacturing and districts-based models in Europe has also highlighted the importance of enhancing relationships between the global and local-regional networks of entrepreneurs and innovators. The transfer of resources alone is not enough to create competitive regional econo...
Contemporary Research in the Field of Entrepreneurship, Management, and Innovation: Regular Issue
Transnational water resource management in the Karawanken/Karavanke UNESCO Global Geopark; From transition management towards just transition and place-based governance. Τhe case of Western Macedonia in Greece; University students’ entrepreneurial intentions during COVID-19: The perspective of social cognitive career theory; An innovative approach to support interests' alignment in the context of transport management using semantic differential; Technological innovation and the labor market: The two-way non-reciprocal relationships with a focus on the confectionery industry in Poland
Evolving Enterprise Competences as a Consequence of Response to Changes in the Environment
In presenting this issue entitled Evolving Enterprise Competences in Response to Changes in the Environment, we want to focus your attention on organizational competence in the context of its competitiveness in the market. The competitive advantage of a modern organization results from competences that enable the adaptation of market mechanisms, internal coordination of activities and resources, consistent building of human potential and development of business capabilities. Organizations' competences in creating innovation, using advanced information and communication technologies (ICT), and building human capital are particularly strongly articulated today. Organizations in the 20th centur...
The Evolution of Strategic Management: Challenges in Theory and Business Practice
Purpose: Strategic management has been developing in business theory and practice for over 50 years. Presently, it constitutes the main area of research interest in management science. The contemporary conditions of business operations create new challenges for strategic management, such as the use of dynamic capabilities in strategy building, relational strategies, networking of organizations, technology development and automation of processes, and global strategies. These challenges are often referred to as neostrategic management. The purpose of this publication is to present the findings of research concerning new strategic management concepts and challenges. Methodology: The main resear...
Economic Well-being and Household Debt
The growing indebtedness of households reported over the last 30 years and in most developed countries has serious economic and social implications. This book provides insight into the concepts, measures, and determinants of household indebtedness, over-indebtedness, and well-being by integrating theoretical perspectives, adopting recent analytical methods, and using a sample of Polish households. The authors identified the socio-demographic and economic characteristics of indebted and over-indebted households, as well as the basic characteristics of indebtedness and the differences in its subjective perception among over-indebted households and those that are not over-indebted. They determi...
A Network Approach in Strategic Management: Emerging Trends and Research Concepts
PURPOSE: The analysis of the literature shows that the attempts to conceptualize the strategic aspects of the network bring a significant impact on the development of research on organizational networks. This article aims to analyze the new trends in strategic management, and in particular on the possibility of exploring the network approach in strategic management, through the existing literature and the presentation of the new contributions of the following articles published in the current issue. METHODOLOGY: The article is descriptive in character; thus it is based on a literature review and its constructive critics. A narrative literature review was used to present the main assumptions ...
The Silver Economy
The definition of “old” has evolved intensively over the years due to demographic changes, and the ageing population is one of the most frequently discussed issues in recent decades. The profile of the 21st century senior is completely different from the senior in the second half of the 21st-century senior is completely different from the senior in the second half of the 20th century, not to mention earlier periods in history. As an increasing group of benefactors of human activity, they create demand for products and experiences. The system of goods and services that aims to leverage their purchasing potential and satisfy their consumption needs, including living, health, tourism, cultu...
Behavioral Determinants of Enterprise Development and Innovation
The second issue in 2020 of the quarterly published JEMI explores enterprise development and innovation. The behavioral determinants of the economic ventures indicated by the authors is a continually developing trend of research in economic sciences. Contemporary enterprises are increasingly investing their resources in obtaining information on factors that stimulate employee behavior in order to increase efficiency or develop innovation. Behavioral approach is also used in seeking answers to questions about the development of small and medium enterprises (SMEs) posed by entities responsible for supporting the SME sector. In economic sciences, behavioral approaches result from an interdiscip...
Philosophical Foundations of Economic Reality
The dominant paradigm of the economy is based on homo economicus and its positivist, mechanistic and utilitarian approach. This leads to a form of ‘technical liberalism’, advocating a market without society in which individuals are reduced to property rights and data subject to commercial transaction. This book argues for a reconceptualisation of the philosophical foundations of economic reality in the 21st century. Drawing on the continental tradition, the book shows that adopting and combining anthropological, ethical and metaphysical approaches can provide the basis for a better integration of markets so that they work with, rather than against, individual and social needs. To correct...
