Using annual data 1209-1914, this paper examines whether there are structural breaks in the movements of prices and wages that correspond to the major ‘revolutions’ identified in historical narratives. Econometric modelling of trend and volatility in prices and wages confirms the importance...

The internalisation theory of the multinational enterprise (MNE) is a significant intellectual legacy of Ronald Coase. US direct investment in Europe became highly political in the 1960s, and neoclassical trade theory had no explanation. A theory of the multiplant enterprise was required, and...

This paper presents a conceptual framework which can be used to analyse the process of entrepreneurial opportunity discovery. An opportunity can be considered as a project whose exploitation would be advantageous to the entrepreneur. The entrepreneur has to use judgment in deciding which...

The paper provides a framework to analyses trust-based projects which can be used as a diagnostic tool to design more effective policy intervention, particularly addressing the problem of meeting users needs for which many microfinance scheme have come under criticism. the theory is developed on...