From Adam Smith’s perspective, the most prominent macroeconomic happening of the post-World War II period was not the Great Moderation, nor was it the recent Great Recession. Instead, it was the secular deceleration in economic growth occurring in the U.S., or the Great Deceleration. Smith’s...

Despite the huge potential on both the demand and supply sides of the ÎukËk market, the current ÎukËk structures fall short of adequately meeting the market’s needs as the SharÊ’ah compliance of many of them and/or their economic efficiency are questionable. Even though...

While patent filings in China have been exploding in recent years, analysis based on a variety of metrics shows that this increase has not necessarily translated into a ‘proportionate’ rise in patent quality. Further, based on projections quantifying “highest quality” patents in China,...

In this paper we attempt to reproduce both the business cycle facts and the equity premium of the Israeli economy—an economy which is "typical" in the sense that investment is much more volatile than output (and consumption). We show that GHH preferences, which are quite common in RBC models...

The purpose of this paper is to explore different aspects of SMEs’ strategic decision-making processes in international business. In particularly, we want to understand if exist a relationship between SMEs’ decision-maker characteristics (e.g. international experience, nationality, skill),...

The study was conducted in district Swat during 2007 to assess the degree of inequalities existing among rural rice farmers’ income and land holdings. To this end, primary data was collected through structured questionnaire using a sample of one hundred rice farmers allocating to three tehsils...

Following the outbreak of global economic crisis, firms have had to realize that competitive advantage is one of the tools to ensure their long-term success in the market and that it also helps to eliminate the impacts of such crisis. Enterprises are, as a result of crisis, forced to find new...

Internet marketing gaining independence by providing opportunities to promote any product in the short term. The purpose of this article is to outline such modern methods of internet marketing as spam and doorway, which must be considered in the planning and implementation process of product...

The paper analyzes Adam Smith’s views on monopoly focusing on Book IV and V of The Wealth of Nations and argues that Smith has left his analysis of monopoly in an embryonic form while the majority of scholars have assessed it starting from premises different from those, actually though...

According to news published recently, "the (Portuguese) government prepares to announce the creation of a new institutional body, in the domain of the Ministry of Economy, which will be responsible for making policy decisions and the organization of the port sector (...) this new public entity...