Mediterranean Capitalism by the Examples of Greece and Spain

Focusing on the economic evolution of Greece and Spain, this monograph analyzes modern capitalist development through a comprehensive theoretical framework. It examines economic growth mechanisms, internal resource mobilization, and international conditions, utilizing an endogenous growth model that incorporates technical progress, physical and human capital, and the timing of economic activities. Additionally, the impact of demand-side factors, especially foreign direct investment, on economic growth is explored, providing insights into the relationship between investment and technical advancement.