There was (and still is) a lot of speculation about the current performance and structure of the Pietermaritzburg and uMgungundlovu District economy and business environment. The debate is mainly driven by haphazard observations and subjective feelings, thus hampering effective and efficient...

Regional push derives from the geographic agglomeration of economic activities, and is expressed in increments to national productivity. Various pieces of statistical evidence in favor of the existence of regional push effects in low- and middle-income economies are marshalled. The origins of...

This paper offers a review of the main progress made in entrepreneurship analysis and institutional economics, discussing its possible integration to general theory of economic development, considering the increasing importance that these topics have gained in contemporary approaches of...

Some forms of environmentalism has generated many positive responses from concerned communities. Sophisticated theories addressing various aspects of environmental policy abound. At the practical level private economic agents following their self-interests confront the challenge of cleaning up...

The focal point of interest in the research was directed towards the communications flows within the logistics value chain, since the influence of the electronic commerce technologies has become more and more evident. In order to be able to define the characteristics of the system, these...

The setting of user prices for enterprises with large fixed costs and marginal costs below average costs – “natural monopolies” – raises important policy questions regarding both efficiency and equity. It has become well accepted among economists that, in a variety of settings, welfare...

The business of freight transportation is undergoing a technological revolution at it moves toward the 21st century. New technologies are being developed and adopted in each mode of freight transportation. The one technology that affects all modes is information technology. Information...

It is usual to estimate willingness-to-pay in discrete choice models through Logit models –or their expanded versions-. Nevertheless, these models have very restrictive distributional assumptions. This paper is intended to examine the above- mentioned issue and to propose an alternative...