Why are some regions more productive or successful than others? This book tries to answer this question by reviewing neoclassical economic theories and proposing a new framework to an “old economic problem; where to locate a firm in space” (Jovanovic 2009 p. xvii). Evolutionary economic...

Research in entrepreneurship has debated the differences between entrepreneurial and small business ventures for quite some time, arguing that entrepreneurial ventures are small growth-oriented, strategically-innovative firms, while small business ventures are neither growth oriented nor...

Firms, in most cases, cannot be described adequately as if they were an individual person. And yet, they learn, anticipate, decide, and adapt in order to survive in an uncertain environment. To deal with such aspects of a firm, the theory of the anticipatory system is developed and applied to...

This paper proposes a model that, although among the first to explain minority entrepreneurship in a general equilibrium framework, is simple enough to yield closed-form solutions. Minorities may face higher entry costs and their distribution of management skills may be less advantageous. A...

Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an innovation-friendly environment, resulting in a low export...

Although Greece is showing initial signs of recovering from its 2008 crash, its economy continues to suffer. It has become clear that the economy will not become prosperous only by the given recommendations of the so called Troika, namely by cutting costs and public expenditures, and by making...

Although Greece is showing initial signs of recovering from its 2008 crash, its economy continues to suffer. It has become clear that the economy will not become prosperous only by the given recommendations of the so called Troika, namely by cutting costs and public expenditures, and by making...

A basic intellectual challenge for those concerned with the poverty of nations is to come to grips with the nature and causes of the wealth of the world's wealthier nations. One might then be in a position to inform the poorer nations how they might achieve similar outcomes. This paper is...