Developed economies are facing a problem of declining competitiveness on a global scale. The perspectives for sustaining the world economic leadership are associated with stimulating technological progress through innovations and investments to R&D. This is a challenge for the private sector but...

One of the advantages to analyze the economic links between two countries on the basis of stock market data, rather than aggregate economic data published by national statistical offices, is that stock market data are readily available, allowing analysis in almost real time. We consider a...

Modeling the evolution of formal institutions in relation to the evolution of economic and informal institutionaldevelopment. Discrete time optimization; simulation. The punctuations and the evolution formal institutional quality depends on the extent of economic heterogenety.

Modelin the local and central government behaviours to assess the welfare/efficiency/equity impacts of fiscal decentralization. Static optimization; simulation The relative welfare and efficiency effects of fiscal decision mechanisms (defined as social planners optimum choice of fiscal...

The main objective of this paper is to present how firm heterogeneity influenced Turkey's exports during 2003-2012 and why Turkey's exports would be better off if Turkey's exports policies took into account the differences in structure of its exporters. Using firm-product-country level data,...

There is no consensus on the effects of small businesses development on poverty reduction. While some showed positive evidence, others have shown weak relationship.Those that showed negative or weak relationship did not indicate the factors responsible for this.Most of the existing studies have...