International trade causes that markets to become more competitive and small-medium sized enterprises (SMEs) learn to compete effectively within this increasingly competitive global market place. SMEs are able to take advantage of increased opportunities in domestic markets that follow from international trade. It is indeed a way for internationalization of SMEs. This paper analyzes income and...

There are large differences in income per capita across countries. Growth accounting finds that a large part of the differences comes from the differences in total factor productivity (TFP). This paper explores whether barrier to entry is an important factor for the cross-country differences in TFP. The paper develops a new model to link entry barriers and technology adoption. In the model, hig...

This paper examines the effect of foreign direct investment (FDI) on growth by focusing on the complementarities between FDI inflows and financial markets. In our earlier work, we find that FDI is beneficial for growth only if the host country has well-developed financial institutions. In this paper, we investigate whether this effect operates through factor accumulation and/or improvements in ...

The aim of this paper is to investigate the effect of domestic and foreign outsourcing on level of employment. We will distinguish between narrow outsourcing (intra-industrial purchases of inputs) and broad outsourcing (inputs from all sectors). Outsourcing is calculated using domestic and import – use matrices of input-output tables for 28 Spanish manufacturing industries for the period 1993 t...

â â â  â â â  abstract â  using a structural var with block exogeneity, diagonality and identifying restrictions, this paper analyzes: first, the macroeconomic linkages among the oil price, u.s. output, interest rate, money supply, general price level and exchange rate and second, the relationships of the macroeconomic variables with the price indices of ten international nonfuel commodity grou...

geometry of the chute blocks in stilling basins plays a significant role in size and type of these structures. one of the most influencing factors in the design of the blocks is the fluctuating pressure which may cause fatigue on the blocks. despite investigations conducted by many researchers, there is not enough information about the pressure fluctuation around chute blocks in compacted still...

the main objective of this paper is to investigate the effects of monetary regime (countries with inflation targeting monetary policy versus countries with exchange rate anchor) on the extent of exchange rate pass-through over the period of 1999-2010. to achieve this objective, the econometric model has been estimated by dynamic panel data approach and arrelano- bond (ab) method. the empirical ...

This article attempts to investigate the potential relationship and significance of various determinants Total Factor Productivity (TFP) in India for 1980–2016 time period. Specifically, this is achieved two stages. In first, standard growth accounting approach used measure changes TFP. Then, main model establishing TFP estimated using autoregressive distributed lag (ARDL) model. Our results su...