Small and Medium sized Enterprises (SMEs) have a crucial role in the economies of both the developed and developing countries. In the OECD area, the share of SMEs to total employment is between 40 and 80 percent, while their share to GDP is between 30 and 70 percent. Poland, as a country in...

This paper attempts to estimate the potential output of the agricultural sector of the Greek economy and then to produce medium-term projections for it. The Hodrick-Prescott filter and the "production function" approach using cointegration techniques are used to estimate the potential...

Greece has over the years allocated substantial human and material resources to defence. Its defence burden (i.e. military expenditure as a share of GDP) has invariably been substantially higher than the EU and NATO averages. Furthermore, during the post-bipolar period, when the defence budgets...

In this article we examine the main factors influencing trade and FDI flows between the transition countries of the Central European Initiative (CEI) and the EU member states. We distinguish three groups of CEI countries, according to the degree of trade and FDI integration with the EU: the...

This paper analyses the relationship between entrepreneurship and the external environment of firms. Entrepreneurship is approximated by start-ups in four industries, namely manufacturing, commerce, services and tourism. Agglomeration economies and state incentives to promote entrepreneurship at...

This paper constructs an index for management competence. It tests the validity of this index in a sample of Greek listed firms. It is shown that management competence contributes significantly to sales growth, to firms’ shares return and profitability.

This paper seeks to explain the causes of turbulence in foreign exchange markets in selected transition Economies (Albania, Belarus, Bulgaria, Croatia, FYROM, Moldova, Romania and Ukraine), by using a set of CATREG models and introducing explanatory variables, not directly associated with the...