In this paper we estimate the impact of R&D expenditures on the total factor productivity (TFP) and technical efficiency of two panels of countries in the period 1990-2011. We obtain TFP decomposition estimates using one- and two-step Stochastic Frontier Analysis (SFA) and a modified (O'Donnell,...

There have been numerous studies concerning productivity, representing two general approaches toward measuring the concept. Parametric approaches specify the actual form of the production function based on theoretical assumptions, while non-parametric approaches use empirical best-practice cases...

This paper deals with a model of economic growth, which we expand to include endogenous policy switching based on retrospective voting. It is shown that under certain conditions the solution has a special form that we call a cyclically balanced growth path. This type of solution is an analogue...

This paper explores the black box behind efficiency measurements in higher education and defines the determinants of university efficiency. Particularly, it investigates how the efficiency of universities is affected by the characteristics of the territory in which they operate. We propose an...

The paper reviews the application of the data envelopment analysis (DEA) method for measuring the efficiency of national innovation systems (NIS). The paper firstly visualizes the logic of DEA method and briefly summarizes the key advantages and main limitations of the DEA method. Further, this...

This article focuses on the presidential rhetoric of Russian and American leaders at the end of their latest campaigns, taking their victory speeches given immediately after winning their respective elections as examples. The comparative cross-cultural research presented in this study includes...

This article touches upon the problem of legal ensuring the information security of business entities. Topicality of the problem is predetermined by high importance of business information protection in market economy functioning in the context of information-oriented society and digital era....