Belarus was among the few post-communist countries to resign from comprehensive market reforms and attempt to improve the efficiency of the economy through administrative means, leaving market mechanisms only an auxiliary role. Since its inception, the 'Belarusian economic model' has undergone...

Direct public support for business R&D is a well-established remedy to market failures, yet empirical evidence on its effectiveness yields conflicting results. The paper investigates the impact of the first European public R&D grant program targeting small and medium enterprises (i.e. the SME...

This paper shows that EU and national innovation subsidy policies stimulated Central and East-ern Europe Countries (CEEC) productivity in the years after their entry to the EU. However, the average effectiveness of national funding was higher for the Western control group coun-tries than for the...

Newer approaches of industrial policy that focus on catalytic and facilitating interventions of government have become a rivalling model to neoclassical laissez-faire approaches. Inspired by the success stories of East Asian newly industrialised economies (NIEs), newer approaches advocate a more...

Nicht erst seitdem sich der Facebook-Konzern im Oktober 2021 in Meta umbenannt hat, gewinnt das Thema Metaverse ganzheitlich an Bedeutung. Auch Erfahrungen aufgrund der Coronapandemie haben in hohem Maße digitale Anwendungen beflügelt. Im Kern beschreibt die Vision des Metaverse den Übergang...

In recent years, business angels have invested in a few hundred Finnish firms annually. The target firms are mainly young and small: 75% of them employ fewer than 10 workers and are less than 8 years old. These firms are most likely to be found in the ICT and professional service industries and...

We review the extant research on the government innovation promotion rationales and impacts. Based on the research literature, the review synthesizes innovation promotion rationales, economic justifications for the intervention, impact evaluations of innovation promotion interventions, and...

This paper examines factors underlying firms' capital and current expenditures on environmental protection. Using microdata from Ireland's industry sector over the period 2008-2016, we analyse a range of such factors including firm characteristics, environmental regulations, competition and...

Even as a number of developing countries have been able to reap the export opportunities presented by the rise of global value chains (GVCs), Nepal's export performance remains dismal. This paper examines the challenges and constraints faced by manufacturing small and medium-sized enterprises...