OPTIMAL INCENTIVES FOR ECONOMIC GROWTH IN CENTRAL EUROPEAN COUNTRIES: A MICRO APPROACH

Financial crisis of 2008 and the ongoing pandemic are continuing to have a negative impact on the economies of all countries even tough interest rates have been decreased significantly. This paper attempted to view the problem from a micro point of view to suggest more effective incentives for growt...

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Bibliographic Details
Published inCopernican journal of finance & accounting Vol. 10; no. 3; pp. 9 - 31
Main Authors Akan, Mustafa, Konovalova, Natalia
Format Journal Article
LanguageEnglish
Published Torun Nicolaus Copernicus University Press 01.01.2021
Nicolaus Copernicus University in Toruń
Subjects
Control theory
Costs
Economic crisis
Economic growth
fluctuating demand
Incentives
incentives for economic growth
Interest rates
optimal control theory
State taxes
Tax incentives
Central Europe
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Summary:Financial crisis of 2008 and the ongoing pandemic are continuing to have a negative impact on the economies of all countries even tough interest rates have been decreased significantly. This paper attempted to view the problem from a micro point of view to suggest more effective incentives for growth. The specific objective of the study is to determine and examine the effects of these incentives on economic growth in Central European countries.
ISSN:2300-1240
2300-3065
DOI:10.12775/CJFA.2021.009