Based on a three equations model for initial firm size, survival and firm growth we estimate firm-specific transition probabilities between size classes of the firm size distribution. This allows to analyze counterfactual scenarios that assess the impact of changes in exogenous variables on the...

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'...

Entrepreneurship reinforces the economic growth of a country. Therefore, most countries, especially developing ones, are striving to create new policies and implement actions in order to support entrepreneurial processes through the establishment of a business-friendly environment. However,...

The aim of this article is to enrich the vision regarding the connection between entrepreneurship and economic growth, focusing upon an economy in transition to a market economy. The authors of the present paper have developed an empirical model – based on a constant preoccupation to observe...

Even before the onset of the 2008 global financial crisis and ongoing European debt crisis, much attention has been given to the re-emergence of the Asian giants, the People's Republic of China (PRC) and India. Both countries have attained unprecedented growth and economic development-PRC and...

It is the purpose of this study to help shed light on the entrepreneurship, entrepreneurs and enterprise growth in Wenzhou. We rely on a probabilistic firm survey that we carried out in Wenzhou in early 2006 for three industries: shoes, eyeglasses and general equipment. We fielded a formal...

Malaysian economic development has been shaped by public policy in response to changing national and external conditions. Public investments peaked in the 1970s and early 1980s, until the policy reversals driven by sovereign debt concerns and new policy ideology fads. Foreign investments...

In the months and years ahead, it is plausible, perhaps even likely, that the issue of renewed Western economic assistance for the DPRK, or North Korea, will return once again to policymakers‘ agendas. We should therefore ask: Could major inflows of Western aid lead to an economic...

Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However, despite these potential benefits, not all countries have well developed capital markets. Moreover, government-led initiatives to develop...

Die Weltwirtschaft wächst seit einiger Zeit deutlich langsamer als früher. Die wirtschaftliche Dynamik bleibt hinter den Erwartungen zurück. Holger Zemanek, Bundesministerium der Finanzen, sieht, zumindest für Deutschland, keinen besorg­niserregenden, strukturellen Abwärtstrend bei den...