The Organization of Petroleum Exporting Countries (OPEC) has been one of the most influential organizations in the global energy sector which controls a significant portion of the world’s oil reserves and has often influenced global oil prices through international trade policies such as...

Public agencies provide subsidies for small and medium sized businesses (SMEs) to foster their development in terms of employment and sales. Although input and output additionality have been researched intensively little is known about the actual long-term effects of subsidies on SME growth....

Theoretical and empirical work on innovation and firm survival has produced varied and often conflicting findings. In this paper, we draw on Schumpeterian models of competition and innovation and stochastic models of firm dynamics to demonstrate that the conflicting findings may be due to linear...