Romanian business environment is constantly changing, recording successive fluctuations, both in terms of growth and those regarding the "performance" factor. As a result, the development of entrepreneurship has transformed over the last decade in a process generating economic growth and...

This paper develops a regional-level total factor productivity (TFP)-based proxy measure of the economic value of the functions entrepreneurs perform in the economy. In providing the theoretical support for linking the economic value of entrepreneurship (EVE) and TFP, this paper integrates...

Countries in the ACP region will face significant challenges in the years to come as they try to step up economic growth, deal with increasingly integrated world markets and meet the Millennium Development Goals (MDGs), especially those focused on hunger and poverty. These efforts will take...

There is a rapidly developing empirical literature on the effects of agglomeration on economic activity. This paper surveys recent studies that provide econometric estimates of effects. Doubling economic density increases labour productivity by three or more per cent. Beneath this general...

This paper extends the work of Glaeser et al.(1992) by looking at effects of agglomeration economies on employment growth in Dutch city-industries and in very small (postal) zip code-industries in the Dutch province of South-Holland. At both levels of geographic detail, findings are broadly...

This paper investigates the role intangible capital plays for economic growth in different sectors in Germany. It consists of two major parts. In the first part, we aim at measuring investment in intangibles at the sector level. We shed light on differences across sectors but also compare these...

Using the method of Caballero and Lyons (1990, 1992), I examine detailed Swedish manufacturing firm-level data on output and factor inputs from 1979 through 1994. Panel regressions show that an increase in aggregate output and inputs appears to raise individual firms production beyond private...

In the present paper we address the relationship between the extentof business ownership (self-employment) and economic development. We will focusupon three issues. First, how is the equilibrium rate of business ownershiprelated to the stage of economic development? Second, what is the speed...

The prevailing consensus is that foreign direct investment (FDI) effects are conditional. At the macro level, they depend upon minimum levels of human capital or financial development, while at the micro level, they depend on type of linkage (forwards, backwards, or horizontal). This paper...