The paper aims to assess selected elements of the business models of credit guarantee schemes (CGSs) implemented in 20 European Union countries within the financial framework between 2007 and 2013. This paper focuses on the CGSs' financial additionality that depends mainly on how these programs...

Microfinance aims at providing basic financial services such as loans, savings and insurance to socially and financially excluded persons and microentrepreneurs. Among these services, microcredit is the most recognizable instrument of microfinance. Microcredit supplies financial means to start...

This article presents the results of analysis and evaluation of the main effects of the implementation of the eight UN Millennium Development Goals, in force until 2015, and to demonstrate differences between and prospects for implementation of the new 2030 Agenda for Sustainable Development,...

Knowledge and innovations are considered to be among the most important factors that determine the pace and quality of economic growth. Therefore, Poland is facing a serious challenge to effectively transform its economy into an innovative economy capable of competing with the most developed...

The diversity of the labour market in the Visegrad Group countries is presented in the article from an institutional perspective. Institutions such as different tax and transfer policies, employment protection legislation, or active and passive labour market policies can affect not only the...

The growing importance of innovation in the modern economy has revived the interest of economic sciences in studies on the mechanisms that govern innovation and its impact on economic development. This growth of interest induced the concept of the national system of innovation (NSI), which...

The main aim of the paper is to assess the innovation gap between the national innovation systems (NIS) of the European Union (EU) and the average level of innovation of EU economies. The study takes into account NIS identified in the literature, i.e., (a) developed systems and (b) developing...

Economic development has resulted in structural transformation towards economies based on services, which has raised some concerns about the limited opportunities for sustaining productivity growth. The aim of this paper is to examine total factor productivity (TFP) growth in the service sector...