Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

The Mediterranean area is the core of an increasing exchange of goods and people. A distinctive feature of present trends in international relationship is the importance of factors that are beyond the mere exchange of goods. In particular, foreign investment, the creation international...

Cooperative and corporate farms have retained an important role for agricultural production in many transition countries of Central and Eastern Europe. Despite this importance, their ownership structure and particularly the ownership's effect on their investment activity vital for efficient...

Investment models typically explain only a small share of the total investmentvariation within or between firms. A reason for this may be that those models do not explicitlydifferentiate between the decision to invest and the decision about the level of investment. Inthis paper, a two-steps...

This paper focuses on agro- food chains and agro- food consumer prices in Sloveniaconsidering its European Union (EU) membership. As the Slovenian agro- food markets weredistorted prior to the EU accession with some agro- food prices that were greater than comparableEU prices, the empirical...

‘Productivity and efficiency growth enhances competitiveness’. Similarly formulatedstatements are common in the literature on the economic performance of firms,industries and nations. This conventional perception in the economic literature,originating from trade and growth theory models,...