The paper analyses sectoral patterns of intra-Asian trade for selected Asian countries as well as for sub-regions within Asia. Beyond a general trend towards manufactures, it reveals remarkable differences in specialisation profiles between lagging South Asian countries still concentrating on...

This paper studies the transaction-cost economizing effects of authoritarian management in organizations and systems subject to higher transaction costs originating from various sources. We analyze the nature, mechanisms and transaction-cost aspects of the authoritarian management style. We...

The paper analyses the reasons for poor performance of private research institutes in Bulgaria. In this regard the Institutional Economics methods are used. A connection between smart growth policy goals and Bulgarian membership in EU is made. The gaps in the institutional environment are...

Angesichts der seit mehr als zwei Jahrzehnten andauernden Massenarbeitslosigkeit ist das Kündigungsschutzrecht in den meisten kontinentaleuropäischen Ländern in den Mittelpunkt der Kontroverse um die Flexibilisierung der Arbeitsmärkte gerückt. Kritiker des Kündigungsschutzes behaupten,...

Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks' cross-border activities and provides empirical evidence. Our...