Since the introduction of ‘Doi Moi (economic transition) of the economic transition to socialist market economy in 1980s, the business environment in Vietnam has improved significantly. This paper examines the extent to which Vietnam’s policies support the development of market principles for the growth of SMEs and assesses issues of the sustainability of the measures engaged by the government....

A number of decentralized peer-to-peer markets, now colloquially known as the sharing economy, have emerged as alternative suppliers of goods and services traditionally provided by long-established industries. A central question surrounding the sharing economy regards its long-term impact: will peer-to-peer platforms materialize as viable mainstream alternatives to traditional providers, or wil...

The term ‘new economy’ is used to refer to two distinct developments. The first is the increasing importance of pure services, particularly those related to information, and the corresponding decline in the importance of the goods-producing sector. The second is the liberalisation of product and labour market and the resulting decline of institutions like lifetime full employment. Although ther...

We employ laboratory methods to study stability of competitive equilibrium in Scarf’s economy (International Economic Review, 1960). Tatonnement theory predicts that prices are globally unstable for this economy, i.e. unless prices start at the competitive equilibrium they oscillate without converging. Anderson et al. (Journal of Economic Theory, 2004) report that in laboratory double auction m...

The stock market is a common feature of a modern economy and it is reputed to perform some necessary functions, which promote the growth and development of the economy. This study examines whether stock market promotes economic growth in Nigeria. To achieve this objective, ordinary least squares regression (OLS) was employed using the data from 1980 to 2000. The results indicated that there is ...