To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...

Traditional economic theory posits that a well functioning capital market is a necessary condition for industrialization and economic growth. However, in reality it is observed that micro and small enterprises are ubiquitous because entrepreneurs can set up business in low-return activities with...

The one-month confinement (or doing the month, DM) for post-partum women is a tradition that has been practiced for millennia in Chinese society. Tedious preparations and numerous procedures of DM incur high transaction costs when purchasing the service from the market. To assure the practice of...

Despite the important role of angel investors as critical financial providers for new ventures, little is known regarding how the institutions present in very different institutional environments impact their investment decisions. While angel investors might be expected to make decisions based...

It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...

Исследовано понятия «предприятие» и «эффективность хозяйственной деятельности предприятия». Сформировано собственное определение эффективности предприятия,...

В статье выделены и охарактеризованы естественные преимущества малого бизнеса как основы его развития. Сделаны обоснования, что без высокого уровня развития...