This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Psychic distance, as described in the Uppsala internationalization model, is based on the impediments to information flows between a country market and a firm. The greater the impediments, the longer is the distance. The operationalization of psychic distance in empirical investigations is most...

The role of exports in economic growth continues to be debated and tested in the literature on trade an development. China is a new player in this debate with its rapid entry into international makrets. This paper extends some of the previous empirical studies on the relationship between exports...

In this paper we consider properties and power expressions of the functions <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$f:(-1,1)\rightarrow \mathbb{R }$$</EquationSource> </InlineEquation> and <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$f_L:(-1,1)\rightarrow \mathbb{R }$$</EquationSource> </InlineEquation>, defined by <Equation ID="Equa1"> <EquationSource Format="TEX">$$\begin{aligned} f(x;\gamma )=\frac{1}{\pi }\int \limits _{-1}^1 \frac{(1+xt)^\gamma }{\sqrt{1-t^2}}\,\mathrm{d}t \quad...</equationsource></equation></equationsource></inlineequation></equationsource></inlineequation>

Formation of the Producers Export Company (PEC) in 1958 was a first attempt by grain cooperatives to develop an export merchandising program. PEC's nationwide membership had different export needs and financial resources which imposed constraints on PEC's strategy and operations. A lack of...