This paper seeks to promote discussion on the treatment of nonperforming loans in macroeconomic statistics. After reviewing current recommendations in international statistical manuals and the guidelines provided by some main banking and accounting institutions, the paper recommends that the...

Entrepreneurship is at the heart of Schumpeterian theory. Potential entrepreneurs donot only take risk by seeking for new investment opportunities or new products, butalso by choosing new markets or new locations. Firm migration is thus an importantcomponent of modern entrepreneurship. Spatial...