Exchange rate volatility has been identified as one of the drivers of export diversification. Previous studies have assumed a symmetric relationship between the two variables. However, because volatility could be positive or negative and economic agents react to these changes differently, recent...

An ongoing debate in the literature on efficiency of higher education institutions concerns the indicator for research output in the empirical analysis. While several studies chose to use the number of publications, others rely on the overall amount of research grants. The present study...