Developmental plans of the country emphasize on the exports-focused growth strategy, and export diversification is one of the most appropriate policies in this area. Export diversification moves from primary goods to industrial goods. Yet, export diversification, according to the principles of international trade, must be based on comparative advantage until to change value-added. Changes in th...

It is widely agreed that small scale enterprises (SSEs) used to play a crucial role in achieving the industrial and economic development. Though SSEs play indispensable economic role, studies are limited to analyze the external factors that affect the growth of SSEs independently. Therefore, the objective of this paper is to examine the effect of external firm factors influencing small scale ma...

Unlike in the past where industrial policy was either focused on creation and growth of stateowned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be a nuanced partnership between entrepreneurs and the state. In this paper we outline some consideratio...

The following on-going research work intends to highlight the relevant contributions that Green Virtual Enterprise Breeding Environments (GVBEs) can have in the development of new sustainable industrial development models, able to address the threefold sustainability challenges of environmental protection, economic growth and social progress by means of collaborative networks and systems. Focus...

Unlike in the past where industrial policy was either focused on creation and growth of state-owned firms or alternatively consisted merely of broadly functional policies without consideration for firm or entrepreneurial specifics, the requirement now is that future industrial policy ought to be a nuanced partnership between entrepreneurs and the state. In this paperwe outline some consideratio...

The "law of the minimum" (Liebig's law) states that usually one nutrient restricts the maximum quantity of biomass that can be produced within a system, whereas all other nutrients are in excess. This general rule has been applied also to the growth of microorganisms, e.g., by adjusting the relative concentrations of the individual nutrients in growth media such that one of them, in the case of...

Successor planning process in family businesses is recognized as one of the most important phases of family business lifecycle. Family businesses play a vital role in developing regional and global economy and fuel the creation of new jobs, new business growth and increase in entrepreneurial activities. In this study, it was attempted to investigate the impact of family business characteristics...

The scalability of microalgae growth systems is a primary research topic in anticipation of the commercialization of microalgae-based biofuels. To date, there is little published data on the productivity of microalgae in growth systems that are scalable to commercially viable footprints. To inform the development of more detailed assessments of industrial-scale microalgae biofuel processes, thi...

This paper provides a unified growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to the present-day and beyond. Making strict use of Malthus’ (1798) so-called preventive check hypothesis – that fertility rates vary inversely with the price of food – the current study offers a n...