We examine some controversial country-specific factors influencing vertical and horizontal intra-industry trade including foreign direct investment and income distributions. As concerns, the effect of differences in countries’ levels of economic development (richness), both theories and...

The purpose of this paper is to illustrate the entrepreneurial activities in which Croatian small and medium enterprises operate, as well as the obstacles and constraints that hinder a faster development of entrepreneurship, and to offer solutions to improve entrepreneurial activities in the...

In relation with objectification and increase in nationwide operation effectiveness of natural monopolies in network industries on the market, the role of regulation mechanisms is increasing. Its aim is the closest approximation of proportions between price and level of network industry products...

During the last decades, international trade flows of the industrialised countries became more and more intra-industry. At the same time, employment perspectives particularly of the low skilled by tendency deteriorated in these countries. This phenomenon is often traced back to the fact that...

Faced with stiff competition from major coffee growing countries like Brazil and Vietnam, Indian coffee is loosing out significantly in the global export market. The situation on the domestic front is no better. Although in the last few years the consumption of coffee has grown significantly....

This study addresses stylised facts of the Greek economy over the period 1960–2005. The findings convey the procyclicality of consumption. Consumption is shown to be less volatile but investment and government expenses are shown to be more volatile than income. Prices are countercyclical,...

Through the use of a simple behavioural political economy model, we cast doubt on the assumption that voters behave in predictable ways dependent on their expected support for government policies. We show that under certain conditions an unfavourable (i.e. welfare reducing) policy may result,...

Duration requires active monitoring because it is sensitive to the yield, resulting in duration drift. Duration drift determines the portfolio's exposure to rate changes, and hence it can be used as a measure of immunisation risk. However, research has barely focused on the properties of...

This study examines the nature of interdependence, and return and volatility spillovers, for three Indian exchange rates: US dollar (USD), Euro and British Pound. We use the spillover index methodology of Diebold and Yilmaz (2009) to analyse precisely and independently the returns and volatility...