Efficiency wages is one of the recent new Keynesian theoreis providing a micro foundation to explain real rigidities in the labour market and long run involuntary unemployment. There are many empirical studies on efficiency wages in developed economies, but there is not a well documented...

Recent advances in information and communication technology (ICT) have had dramatic effects on both individual and workplace performance. Use of computers and the Internet as general-purpose technologies has spread rapidly across all sectors of the economy, transforming business organization,...

The spur for privatization and its impact on economic performance have been analysed from many perspectives, including microeconomics, macroeconomics, and institutional economics. Previous research has focused on efficiency reasons for privatization at the level of the firm, and the relative...

It is now evident in the literature that the information and communication technology (ICT) has a positive and significant impact on the productivity and economic growth. Most studies in this area, however, are limited to the developed countries. Given different regulations and economic...