business cost is acknowledged as one of the priorities in smes research. in thisstudy, the business cost of smes in shanghai was primarily measured using factor-entropy analysis method. the purpose of this study is to effectively resolve the issueof simplification and assignment evaluation index system on business costs of smesin shanghai. however, this study uses factor analysis to interpret t...

Business cost is acknowledged as one of the priorities in SMEs research. In thisstudy, the business cost of SMEs in Shanghai was primarily measured using Factor-Entropy analysis method. The purpose of this study is to effectively resolve the issueof simplification and assignment evaluation index system on business costs of SMEsin Shanghai. However, this study uses factor analysis to interpret t...

The implications of intersectoral factor reallocation costs (FRC) for economic growth are investigated by employing a stylised two-sector growth model with explicit FRC. It is shown that FRC are important to understand a number of empirical facts on economic growth: (i) Flexible economies are more likely to take advantage of favourable technology shocks. This mechanism might explain why some ec...