This paper investigates the determinants of vertical integration. We first derive a number of predictions regarding the relationship between technology intensity and vertical integration from a simple incomplete contracts model. Then, we investigate these predictions using plant-level data for...

In the filed of the real economy, now, our country does not need new objectives but especially the modernization of the existent ones. Definitively, the policy of attraction of the foreign capital especially aims at the modernization of the existent enterprises, which have old and used devices...

Investing in people and skills is a main objective of the “eEurope Initiative”. The European Union set as a priority objective for Europe to become “…a competitive and dynamic knowledge-based economy”. A special attention is given to the development of pro-active strategies and...

Depuis la chute du régime communiste, la Bulgarie est engagée dans la transformation de son économie centralisée et planifiée en une économie de marché. La restructuration économique bulgare est accompagnée d’une détérioration de la situation bancaire. La corrélation nécessaire...