The paper aims at assessing the net impact of the accumulation of Information and Communication Technologies (ict) capital on the economy. In a first part, focusing on the supply-side of the economy, we show that the growth accounting methodology cannot provide us with a measure of the net...

With the increasing domination of foreign capital in banking sectors of transition countries, it is of the highest interest to investigate the relative performance of domestic-owned and foreign-owned banks in these countries. We therefore aim here to compare the technical efficiency of...

This paper aims at providing theoretical foundations to the role of customer relationship as a strategic barrier to entry on banking markets. A bank which grants a loan to a customer gains a comparative advantage in information on this customer as compared with competitors. This informational...