Purpose – The paper aims at developing a theoretical model for de facto dollarized small open economies focusing on currency substitution and nominal wages indexation to the exchange rate. Design/methodology/approach – The analysis is performed in a general equilibrium “New Open Economy...

Purpose – This study seeks to analyse the relation between technology, competitiveness and specialisation in OECD manufacturing. Design/methodology/approach – A regression analysis is first performed explaining the disaggregate manufacturing relative value added market share performance of a...

Purpose – This paper aims to discuss whether product research and development (R&D) in developed economies tends to be too high compared with the socially desired level. Design/methodology/approach – In this context, a model of vertical and horizontal product differentiation within the...

Purpose – The purpose of this paper is twofold: to investigate the market structure of Saudi Arabia banking industry; and to evaluate the monopoly power of banks during the years 1993-2006. Design/methodology/approach – The paper is examining the market structure using the most frequently...

Purpose – The purpose of this paper is to analyze the competitiveness of selected services: business, financial, transport and travel services in developing countries in relation to that of the rest of the world based on three indices of revealed comparative advantage....

Purpose – This paper aims to measure the influence of institutional capacity and population differences between Sub-Saharan African and Caribbean economies, on the efficacy of competition policy. Design/methodology/approach – The paper uses multiple regression analysis to evaluate the...

Purpose – The purpose of the research presented in this paper is to measure the relative market efficiency of the top listed companies in Egypt. Design/methodology/approach – Applying a two-stage approach, this study uses production frontier analysis (PFA) to measure the relative market...

Highlights the theory of competition advanced by da Empoli in the late 1920s. The main point is the existence of discontinuities in industrial concerns. This leads to the possibility that prices exceed marginal costs and depend also on ultramarginal costs, a new concept elaborated by da Empoli....

This paper integrates trade and macro theory to provide a two-country, multi-product framework, including debt servicing and profit repatriation in the current account, and foreign money, financial assets and shares in the capital account. We investigate the effects of minimum wage legislation...

Purpose – The purpose of this paper is to study the potential loss of competitiveness due to higher oil prices through the monetary channel in a group of six oil producing countries. Design/methodology/approach – A dynamic time series methodology, Dynamic Simultaneous Equations, is applied...