This paper presents a counter-factual model identifying Average Treatment Effects (ATEs) by Conditional Mean Independence when externality (or neighbourhood) effects are incorporated within the traditional potential outcome model. As such, it tries to generalize the usual approach, widely used...

The importance of entrepreneurship in a social structure results from the characteristics of entrepreneurs in determining the needs of a society and making investments in that area. Therefore, entrepreneurship is one of the most important factors of the progress for any social structure. On the...

Paper deals with the issue of a competitive advantage on the local level, its specifics, factors and a process of its creation, exploitation and building by using unique empirical case study. Through the theoretical knowledge, empirical research results and case study we want to point out how...

The production of ethanol has increased in United States and Brazil in recent years, because of incentives to reduce gas consumption. In Brazil, there is a big program to use ethanol both as a single fuel or an additive to gas. In US, the incentive is to use ethanol combined to gas in proportion...

The progress in logistics industry is highly dependent upon international and domestic trade performance of a city. In the literature various studies deal with economic development and its influence on urban growth and land use. Agglomeration theory and cluster theory try to identify the factors...

The subjective value of time is the marginal rate of substitution between travel time and travel cost under constant utility or profit level. It is commonly referred to as the monetary appraisal of value of time or the willingness to pay for savings in travel time. This study proposes methods to...

In my presentation I would like to describe the results of a RANEPA team research project in which I am participating. The main object of presented research is factors that determine companies' growth. The research area is limited by companies that achieved high-speed growth by improving their...

The process of demographic change occurring around the world is also reflected in Turkey. The elderly population and thus, the number of people who are in need of care, will increase in Turkey in the future. Furthermore, approximately 13% of Turkey's population consists of disabled people. This...

The aim of the present research is to participate to the recently resurged debate on cluster life cycle theory among scholars of New Evolutionary Geography and Industrial Economics, starting from the seminal contributions of Menzel and Fornhal (2010). Authors pointed out how the very cluster...

In Brazil, the regional development policy is directed by the regional development funds for the Northeast (FNE), the North (FNO), and the Central-West (FCO), which invested more than ?36 billion in lagging regions between 2004 and 2010. This policy seeks to facilitate the economic and social...