1. Introduction -- 2. Literature and analytical framework -- 3. Capability building and technology upgrading in Western Balkan economies -- 4. Policies for technology upgrading in the Western Balkan economies -- 5. New industrial policy approach -- 6. The economic context of the Western Balkans...

Purpose – The purpose of this paper is to explore location effects on firm performance in emerging economies simultaneously accounting for permanent and transitory country, industry, country-industry and firm-specific effects. Design/methodology/approach – The authors utilize a novel...