Public agencies provide subsidies for small and medium sized businesses (SMEs) to foster their development in terms of employment and sales. Although input and output additionality have been researched intensively little is known about the actual long-term effects of subsidies on SME growth....

After nearly a decade of profound economic changes and a market transformation the countries in Central and Eastern Europe now face the challenge of development and sustainable growth. The development priorities include achieving a high income growth for their economies by raising investment...

This article examines the effect of the duration of the membership in the World Trade Organization (WTO) on investment-oriented remittances inflows (i.e., the portion of total remittances invested by remittance-receiving households in business activities). The analysis covers 120 countries over...

At the second conference of the UNCTAD in 1968, member states adopted a Resolution (Resolution 21(ii)) which stated, inter alia, that the offer of the non-reciprocal trade preferences (NRTPs) by wealthier countries to developing countries should aim to increase the export earnings of developing...

This article explores the effect of WTO membership and the duration of this membership on the utilization of non-reciprocal trade preferences (NRTPs) offered by the QUAD countries (Canada, European Union, Japan and the United States). It uses an unbalanced dataset of 136 beneficiaries of NRTPs...

The present article aims to complement the nascent literature on the effect of non-reciprocal trade preferences (NRTPs) on beneficiary countries' trade policies. It has investigated, at the aggregate level, the effect of GSP programs and other trade preference programs provided by the QUAD...

In many firms, production requires the division of staff into teams. If only team performance is observable, moral hazard in teams is inevitable. This variant of moral hazard can be overcome or exacerbated by the interpersonal relationships among team members. I investigate how the division of...

This research note presents cross-country evidence that job satisfaction is higher for self-employed than for employees. The examination, however, does not stop at this point and examines the reasons why this is the case. Using data on 25 European countries, we can show that individuals seem to...

Theoretical and empirical work on innovation and firm survival has produced varied and often conflicting findings. In this paper, we draw on Schumpeterian models of competition and innovation and stochastic models of firm dynamics to demonstrate that the conflicting findings may be due to linear...