The emergence of the market economy in Poland towards the close of the last century went hand in hand with the rise of the spirit of enterprise, in all its forms and manifestations. In the new realities, entrepreneurship began to be seen as a public virtue. But along with the commendable...

In this study we examine the dynamic causal relationship between foreign direct investment (FDI) and economic growth in Zimbabwe using the modern time-series techniques. Specifically, we employ the ARDL-bounds testing approach to examine the FDI-growth linkage. We also employ the...

This paper investigates Total Factor Productivity (TFP) and efficiency growth pattern for India's chemical industry for the period, 1992-1993 to 2007-2008 at subsector level. Malmquist Data Envelopment Analysis (DEA) has been used to estimate different performance measures, viz. productivity...

This paper addresses the product costing practices, by examining the product costing method use by 46 small and medium manufacturing companies. Product costs information is very important to managers in helping them doing their functions. Because overhead cost is the only indirect product cost,...

The volatility displayed by floating exchange rates has revived interest in the relationship between exchange rates and traded goods prices. This study examines sectoral exchange rate pass-through in the Nigerian economy. Findings revealed that sectoral dependence on imports varies across...

An enduring challenge that policy makers in open economies confront is the choice between three desirable, yet jointly unattainable objectives of maintaining a fixed exchange rate regime, free international capital flows and monetary policy independence. This paper examines these three tenets of...

This paper presents an empirical analysis of the operational efficiency of microfinance institutions. Using a cross section of 750 microfinance institutions operating in Asia, Latin America and Sub-Saharan Africa, the analysis shows that operating costs and efficiency are negatively related....

This paper considers the consequences of public procurement reform in Russia in 2005-2006. We show that before the reform, manufacturing firms with government stakes, old firms and larger firms had advantages in access to government orders. In 2009 large firms retain their advantages in access...

In this paper, I try to show and emphasise how China has adopted alternative economic policies in the transition and in the evolution of its financial system. In fact, the step by step or gradualism approach followed is in contrast to the fashionable idea that indiscriminately prescribes...