“Sustainable prosperity” denotes an economy that generates stable and equitable growth for a large and growing middle class. From the 1940s into the 1970s, the United States appeared to be on a trajectory of sustainable prosperity, especially for white-male members of the U.S. labor force....

This paper examines the determinants of foreign direct investment (FDI) in Iran by applying the structural equation modelling (SEM). Using the annual time series data for the 1991-2006 period, two models were developed. In the first model the correlation between 12 determining factors and FDI in...

Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...

Using data from Swedish patent applications, this paper examines the pattern of foreign technology sourcing in Swedish multinational and non-multinational firms. The results show that both types of firms are more likely to make references to countries with large patent stocks and to countries...

Investments in the North by Southern firms are still unusual. While such investments may be motivated by tariff jumping and internalization, casual empiricism suggests that such reverse DFI may be motivated by improved technology access. This paper examines, within a theoretical framework,...

The liberalization of economic policies in the last two decades and intensifying market competition tend to be a cause of policy concern for the survival of SMEs in emerging economies like India. These SMEs account for the largest chunk of industrial units and employment in the national economy....