This paper attempts to estimate the supply response for wheat production in Greek agriculture. In our analysis we use the rigorous cointegration and the error correction method, as it is superior to the generally used Nerlovian partial-adjustment model. Since wheat is one of the most important...

This paper investigates fiscal policy sustainability in Peru, the Philippines, South Africa, Thailand, and Venezuela using competing methodologies. Standard unit roots and cointegration analyses do not endorse the validity of the intertemporal budget constraint. In contrast, to varying degree...

Two surveys of Polish small firms were carried out in Gdansk and Lublin in 1999. Four studies of these surveys, 2 descriptive and 2 statistical are summarised and analysed. This reveals the structure of the small firm sector, its expectations with respect to EU accession and its short term...

This paper uses both cross-sectional and panel data on Chinese provinces over the reform period 1978-1998 to examine the pattern of China’s regional economic growth on the basis of a theoretical model on convergence. We find a tendency to converge in terms of real GDP per capita both...

This paper computes Divisia price and volume indices from quarterly data of New Zealand exchange rates and exports to explore the relationship between New Zealand’s domestic inflation and the changes in its exchange rates over the period 1983 – 93. This is a period when the New Zealand...

Polish small firm policy stresses the importance of fast growing small firms. This paper examines the statistical work emerging from survey data of the Polish small firm sector in 1999 which tested for the optimism of this stratum with respect to immediate growth prospects and EU accession. The...

The main objective of this paper is to model the production and supply response in Chinese agriculture, which includes not only the standard arguments like expected prices but also risk. We extend Lin’s work [1991, 1992] by modelling supply response as a three-equation model. We fit our model...

This work highlights and compares some of the more recent studies and information regarding SMEs in Poland and the UK. In particular it focuses on the SME relationship with innovation, which can be a key concept in addressing questions of competitive advantage and increasing economic output....

Small and Medium sized Enterprises (SMEs) have a crucial role in the economies of both the developed and developing countries. In the OECD area, the share of SMEs to total employment is between 40 and 80 percent, while their share to GDP is between 30 and 70 percent. Poland, as a country in...

This paper investigates the determinants of Polish SME’s intentions to expand production in the context of possible economic expansion on accession to the EU. A model is developed using twenty-six explanatory variables derived from a questionnaire given to Polish SMEs in late 1999. Seven of...