A larger scale is more efficient: the cost per unit of output falls as a firm or ... But when economies of scale exist, large firms may be more efficient than small ...
Activity based approach: measures the real trade of high-tech activity sectors, ... Data are however not readily available as the approach requires explicit ...
World Bank. United Nations. Jo e P. Damijan. 15. Globalization. Is it ... 38. Based on: Friedman, T.L., Lexus and the Olive Tree, New York: Anchor Books, 2000 ...