Based on the theory of growth mode in circulation economy, this article analyses current situation and problems of China’s commodity circulation. It describes the impact of improving the level of logistics management on changing the growth mode of circulation economy from the perspective of logistics time value, location value and circulation processing value. It brings forward that improving t...

Knowledge has been widely recognised by economists as the most important factor of production in a “new economy”. The production and utilisation of knowledge is therefore essential for development. Some countries, Malaysia among others, have embarked on an ambitious plan to use knowledge as a base for economic development, by-passing earlier stages of industrialisation. Some commentators have, ...

This paper examines empirically the causal relationship among the degree of openness of the economy, financial development and economic growth by using a multivariate autoregressive VAR model in Greece for the examined period 1960:Ι – 2000:IV. The results of cointegration analysis suggest that there is one cointegrated vector among GDP, financial development and the degree of openness of the ec...

The Japanese economy experienced very rapid growth in the 1960s, but this growth significantly decelerated in the early 1970s. It is generally accepted that the growth potential underwent a ‘kink’, though the reason for this is still actively debated. Then, the economy showed a real growth rate of around 5 per cent on average for about 20 years. In the 1990s, however, the economy has been quite...

The role of intangible assets in the economy has been investigated under various lights. The most general observation is that the importance of intangible materials, assets, and consumption—as opposed to physical materials, assets and consumption—has continuously been rising in the current economy. More precisely, it is noted that the core characteristic of intangibles in the economy has to do ...

The purpose of this study is to answer the research question, “How do we conquer the growth limits of capitalism?” Based on existing studies on growth limits of capitalism by Marx and Schumpeter as well as the recent discussions of Drucker, Rifkin, and Piketty, the dynamic model of an open innovation economy system (OIES) is proposed as an answer to this research question. OIES consists of an o...

The article summarizes the essence and content of a state knowledge-based economy. Actual problems of the knowledge-based economy in the Russian Federation have been considered; the emphasis here is on the innovative component of this complex multi-component economic process. The authors analyze the main challenges of the knowledge-based economy in Russia and offer a transition from a resource-...

In this paper, we conduct an examination on the causality and relationship between information and communication technology (ICT) and economic growth in an Islamic country, namely Malaysia. The study period in this paper is divided into two: from 1960 1982, and from 1983 2004. This is to examine if the contribution of ICT investment varies in different sample periods. The causality result showe...