Trade and investment flows into less advanced economies could bring about important technological spillovers that could boost firm-level productivity and bolster their long term economic growth. This brief paper outlines some of the motivations for public sector interventions to support learning...

This paper analyzed the relationship between firm characteristics and credit constraints among small and medium enterprises (SMEs) in the Philippines. In particular, we determined whether an SME's firm characteristics are correlated to the predicted probability of being credit-constrained or...

Decentralization had been a common public finance reform among developing countries in the past few decades. Some advocates pushed for decentralization reform as an answer to the growing problem of income inequality. The primary argument for decentralization was that sub-national governments had...

Existing literature has studied the effects of business environment on business creation, private sector growth, and economic development. Using data from Philippine cities and municipalities from 2011 to 2015, this paper tested for the relationship between business creation and the ease and...

The age structure of the population in most countries has been changing rapidly, and many countries are becoming knowledge-based economies where the generation and use of information as a critical input to value creation are becoming increasingly important. While a decline in the dependency...

Entrepreneurial business owners and managers take risks, innovate, and compete aggressively. We use logistic regression to investigate the impact of entrepreneurial orientation (EO) and perceived threat of new competition on three competitive strategies — cost reduction, marketing, and product...

Decentralization is a popular component of public sector reform in many developing countries. Local governments are thought to be able to adapt more quickly to local conditions and to respond more appropriately to the needs of their citizens. However, decentralization also has drawbacks....