Purpose – The purpose of this paper is to expand and further pursue the quest on value transfer in trade. The reason is that the assessment of the cause, the source and the mechanism of value transfer in trade may reveal the rationale upon which the observed and long-lasting differences in...

This paper empirically explores the validity of the Kaldorian insights into economic growth and development. In doing so, we examine the three laws outlined in Kaldor’s analysis and test their relevance to the Greek economy for the period 1970–2006. We employ the ARDL method to analyse the...

Privatisation issues are currently highly ranked in policy agendas in many transitional economies. Since, the delay in privatisation process and corporate restructuring are repeatedly mentioned as a serious obstacle that blocks the economic performance in these countries. This paper focuses on...

Purpose – Unemployment is a systemic element of economic development which need not and “normally” does not give rise to full employment of labour regardless of the flexibility in labour markets. This paper aims to address these issues. Design/methodology/approach – The paper presents...