Paper addresses the recent initiatives of EU Lisbon Agenda to increase level of R&Dexpenses in EU Member States by studying firm-level panel data in most advanced transitioneconomy, Slovenia. Previous empirical literature – mainly cross-sectional – has tested thedemand-pull hypothesis and...

In this paper, we use 1991-2005 panel data on the unemployed, vacancies, inflow intounemployment, and outflow from unemployment in five former communist economies and inthe western part of Germany (a benchmark western economy) to examine the evolution ofunemployment together with that of inflows...

We analyze a large stratified random sample of firms that provide us with measures ofperformance and each firm’s top manager’s perception of the severity of businessenvironment constraints faced by his/her firm. Unlike most existing studies that rely onexternal and aggregated proxy measures of...

We model decisions with respect to formality or informality for entrepreneurs in a newindustry for a developing economy. We show that informality allows a leader to explore,without significant sunk costs, the potential profitability of the industry; that is, informality maybe a stepping stone,...