The Russian system is not yet capable of running on its own, without Putin amid internal and external challenges and threats.Russian youth sees him as a hero; photos, participating in skiing, fishing, hunting, judo, hockey, ice dip in sub zero freezing water to mark Epiphany, and horse riding...

Neoliberal concept of serbian economic policy generated extremely poor results in all domains of economic and social trends, starting from low competitiveness on a world scale, high foreign indebtedness, deindustrialization of the country, all the way to the staggering unemployment. Enterpises'...

The Latin American economy has been suffering from low economic growth and is now hit particularly hard by the COVID-19-crisis. We find that Latin America has a relatively large informal sector of which only 6.7% is able to work from home and which has on average negative (median) savings. We...

The global financial crisis that burst in 2008 adversely affected business performance in many countries, especially in Europe. However, the impact of the crisis on entrepreneurship and business dynamics differed amongst countries, depending on their businesses resilience, the policies...

Austria is not among the top global investors, but it is an important regional player in Central and Southeast Europe. Will it keep that position, or will the regional player develop into a global player? This is the question for the future. Based on OeNB data we have found no indication for...

Entrepreneurship has emerged as an important element in the organization of economies. This emergence did not occur simultaneously in all developed countries. Differences in growth rates are often attributed to differences in the speed with which countries embrace entrepreneurial energy. This...

Using China's provincial-level panel data from 1978–2008, we examine the effects of entrepreneurship on economic growth in the context of China's transformation from a centrally planned to a market-oriented economy. We divide entrepreneurship into two types: business creation and innovation....

Support of the small and medium sized entrepreneurship (SME) sector is recognized to be one of Russia's economic policy priorities. It is customary to speak of that sector's low level of development compared with other countries. However, when comparable estimates are applied, the gap does not...

It is well known that shadow economy has many impacts on the economy and distorts competition. It is also known that shadow economy is hard to restrict without some repercussions regarding unemployment creation, investment distortions, economic growth, income distribution worsening, stock prices...