Do the social and cultural environments have any impact on regional development, expressed in terms of e.g. entrepreneurship, innovations and growth of new industries? A rapidly increasing field of research has found many indications on that such an impact of the civil society exists. In the...

In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...