Micro States Economics. The MIRAB and SITE/PROFIT Model in European Small States

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The paper explores the challenges faced by Small States in achieving socioeconomic success, emphasizing their higher vulnerability compared to larger nations. It examines the relationship between GDP per capita and state size, revealing a lack of correlation, while noting that absolute GDP figures often obscure underlying economic difficulties. The work references Briguglio's insights on how the smallness of these states can hinder growth and increase dependence on external entities, highlighting the unique economic dynamics at play within Small States.