"We analyze a large stratified random sample of firms that provide us with measures of performance and each firm's top manager's perception of the severity of business environment constraints faced by his/her firm. Unlike most existing studies that rely on external and aggregated proxy measures...

Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&D expenses in EU Member States by studying firm-level panel data in most advanced transition economy, Slovenia. Previous empirical literature mainly cross-sectional has tested the demand-pull hypothesis and found...