This paper proposes a neo-Schumpeterian model in order to discuss how the mechanisms of entry and exit contribute to industry productivity growth in alternative technological regimes. Our central hypothesis is that new firms generate gains in aggregate productivity by increasing both the...

Small and Medium-sized Enterprises are recognized as the backbone of every economy and the key source of economic growth, dynamism and flexibility in advanced industrialized, as well as in transitional and developing countries. Policymakers are conclusive in attempt to promote the more dynamic...

The efforts made by Serbia and other transition economies to control inflation led their central banks to pay close attention to the credibility of their monetary policy, particularly during the last decade. The monetary policy credibility in Serbia has always been a matter of discussion. One of...

Financial constraints are a determinant factor that hinders firms' ability to carry out their investment growth. This chapter aims at analysing the impact of financial constraints upon Portuguese firms over the period 1996-2004, which covers the implementation and convergence towards the common...

The convergence of Serbia’s banking sector to the EU Member States banking sectors may be investigated by the comparative analysis of some relevant indicators. This analysis uses indicators such as sector development, structures, capacities and performances by the methodology of the European...

Bearing in mind that Serbia is dealing with serious and challenging development issues, especially scarce of financial resources, it is extremely important to establish institutional and legal framework for drawing financial means from European Union regional policy funds. The importance and...

The authors put emphasis on 11 European countries (Serbia, Bosnia and Herzegovina, Albania, Macedonia, Croatia, Poland, Romania, Bulgaria, Hungary, Slovak Republic, Slovenia), for which a review was given on accomplished levels of transition reforms by European Bank for Reconstruction and...

The recently adopted Strategy for the economic and social development of the EU - Europe Strategy 2020, recognizes the concept of the Corporate Social Responsibility (CSR) as one of the tools for the achievement of a smart, sustainable and inclusive growth. Although the integration of CSR...