Consumer behavior is a popular marketing research area. There are many different factors influencing the way the identities behave. Consumer needs are the first step in the process of consumer behavior, they influence the consumers` decisions and that’s why they form the base for marketing...

In a market economy, the service sector across many industries is driven by entrepreneurship translating into powerful driving forces of motivation and competition (creative destruction). Under the post-Soviet transition the service sector in Russia is one of the most dynamic sectors of the...

Eco-industrial parks are a form of industrial parks that seems to gain more and more interest in the developed and emerging countries. In the introduction, the paper presents the reasons that justify the presence of an eco-industrial park on a territory and continues stressing their main...

Common belief is that consumption taxes are regressive. That is true if annual income is considered as a potential to consume or as a measure of taxpayer’s well-being. However, there are both theoretical and empirical evidence that e.g. the VAT could be proportional or even progressive if the...

This paper deals with the findings of empirical research on the main determinants of effective strategy implementation in Slovenian companies.

Service industries hold an increasingly dynamic and pivotal role in today’s knowledge-based economies. The importance of services can hardly be exaggerated. For this reason in the European Union great importance is given to the strategy in support of innovation in services. Nowadays many...

The trend of rapid development in the tourist industry set by international tourist demand provides opportunities for various entrepreneurial initiatives and investment in a continuously growing sector. Tourism cannot develop without strong financial instruments of any kind. It needs expensive...

In the recent years, a growing of theoretical and empirical literature has developed a paradigm in which the extent of financial intermediation and the rate of economic growth are endogenously determined. Financial intermediaries emerge to reduce the information asymmetries, extending corporate...

Optimal growth models aim at explaining long run trends of growth under the strong assumption of full efficiency in the allocation of resources. As a result, the steady state time paths of the main economic aggregates reflect constant, exogenous or endogenous, growth. To introduce business...

Using the Structural Vector Autoregression (SVAR) method this paper surveys the effect of monetary and exchange rate policies on Tajikistan’s economy for the period 1996 to 2004. A number of restrictions are imposed and the contemporaneous and long-run restrictions model are used to identify...