Purpose – The purpose of this paper is to detect the relationship between finance and growth in the European Union countries, by searching the direction of causations. Design/methodology/approach – The growth of real sector is expressed by real GDP per capita growth (dgdpcap), while the size...

This study proves mathematically that in any bank if the growth rate of sales is higher than the absolute growth rate of bank's lending rate, then bank's profits will not decrease. This mathematical expression can be considered as the condition for keeping a bank profitable. An econometric...

There are various arguments about the impact of firm size on productivity growth. On one hand, it is claimed that large firms could be more efficient in production because they could use more specialized inputs, better coordinate their resources, etc. On the other hand, it is emphasized that...

In this paper we investigate a dynamic setting of environmental taxation, for which the government imposes a tax rate in order to internalize externalities caused by polluting firms. The basic model consists of the intertemporal maximization problem for an additively separable utility which is...

Given the importance of global competition in the information and communication technology (ICT) industry and its contribution to national economies, this paper examines the competitive structure of the global ICT market. By examining the effect of global strategies of the top 50 ICT...