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Over the last few decades, neo-liberal globalization—marked especially by the liberalization of finance, extended processes of commodification/privatization, free trade and free flow of capital—has coincided with rising income inequality and an ostensible decline in global poverty levels, the...
This paper investigates the relationship between foreign direct investment (FDI) and institutional quality measures (control of corruption, political stability, and rule of law) in the Western Balkans. The empirical study is based on panel techniques (unit root tests and causality) in the period...
The Balkan route is historically a smuggling corridor, and tobacco illegal trade flourished during transition and conflicts at the end of the 20th century. This paper contributes to the scarce attitudinal studies and limited knowledge about the tobacco grey market by surveying the opinion of...
As a main input for economic growth and competitiveness, foreign direct investments (FDI) remain one of the most important sources in both emerging and developing countries. This study emphasizes the importance of FDI into Serbia’s economy by analysing the forecasts between FDI, GDP, the...
Although middle-income Balkan countries have attracted substantial FDI inflows, the level of that inflow is still significantly lower than the European average, with no visible redirection towards the Balkans. Both wages and labour productivity have had a significant impact on FDI inflows in...
This paper outlines the roles of gross domestic spending on research and development (R&D) and gross capital formation in the innovation process and detects their contribution to this improvement. The analysis is conducted for Turkey for the period 1990-2017 using annual time-series data. Our...
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