In the small-scale enterprises, the entrepreneurs and managers are often one and the same. This paper attempts to estimate the entrepreneurial competence in small-scale enterprises decomposing into entrepreneurial ability and managerial efficiency using the frontier production function. The...

Relative population growth affects price levels through its effect on money demand and that in turn impacts Purchasing Power Parity (PPP). Standard time series econometrics is used to investigate this issue using data from 30 selected countries. The empirical results show that there is stable...