The purpose of this paper is to present a theoretical framework to analyse and understand the reasons behind Foreign Direct Investment (FDI) decisions in Bulgaria, during its transition to a market economy. The analysis points out that the process concerning investment decisions in Bulgaria has...

Since the beginning of the revolutionary changes that have occurred in transition economies, it has been difficult to propose a uniform model of economic competitiveness. The paper aims to address this ambiguity from an Institutionalist point of view. While neoclassical theory perceives actors...

This paper examines the characteristics and performance of Japanese foreign direct investment in Africa. A large sample of 1062 Japanese subsidiaries in Africa was analysed. Our findings reveal that: efficiency and market seeking was the common purposes for Japanese firms in Africa; the Japanese...

The study examines the nexus between government spending and economic growth in the seven SAARC countries, namely Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka, for the period 1970-2007. Using panel cointegration and panel causality, the paper finds that government spending...

We examine the impact of institutional quality on early stage and formal entrepreneurial activity and on knowledge spillovers. We use four institutional variables – the protection of property rights, business freedom, financial depth, and corruption as proxies for institutional quality....

This study empirically examines the relationship between nominal exchange rate and prices as postulated by the Purchasing Power Parity (PPP) hypothesis. We have also estimated a panel error correction model to test for Granger causality in the presence of cointegration among the variables. The...