To achieve sustainable economic growth in the transition countries, it is crucial that enterprise performance is improved. However, it is not clear which factors are essential for this. On the basis of the empirical literature on potential determinants of enterprise performance in Russia,...

To achieve sustainable economic growth in transition countries, it is crucial that enterprise performance is improved. However, it is not a priori clear which factors are essential for this. For Russia, data to investigate the potential determinants of enterprise performance is scarce....

This paper identifies the specific external barriers to SME development in Lithuania. An analysis of 332 SME owners reveals that formal barriers (taxes, frequent changes to and ambiguity of tax policies) and environmental barriers (low purchasing power, lack of funds for business investment)...

Growth empirics with institutional measures is performed for 25 transition countries over the period 1990-95. Estimation results suggest that (particularly state) institutions are significant for growth and, especially, foreign direct investment (FDI), the latter in turn being important for the...

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....

The market for commercial properties is characterised by extreme heterogeneity in demand. In this paper, we aim to gain more insight in the heterogeneity in demand for employment agglomeration and size of the rental property using a two-stage hedonic approach following Bajari and Benkard (2005)....

P-p plots contain all the information that is needed for scale-invariant comparisons. Indeed, Empirical Distribution Function (EDF) tests translate sample p-p plots into a single number. In this paper we characterize the set of all distinct p-p plots for two balanced sample of size <I>n</I> absent...</i>

This paper studies the identification of the costs of simultaneous search in a class of (portfolio) problems studied by Chade and Smith (2006). We show that aggregate data from a single market, or disaggregate data from a single market segment, do not provide sufficient information to identify...

Regression analyses of cross-country economic growth data are complicated by two main forms of model uncertainty: the uncertainty in selecting explanatory variables and the uncertainty in specifying the functional form of the regression function. Most discussions in the literature address these...