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We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical German data. Firms' forecasts improve with age. We exploit German Reunification as a natural experiment where firms in the East are treated with ignorance about the distribution...
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The paper aims to present the most important characteristics of the evolution of the accounting system in Slovenia … affected the accounting development. Slovenia is a code law country with underdeveloped financial markets, dominant bank … Slovenia that prepare their financial statements in conformity with IFRS is in international terms rather small, our literature …
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This study highlights the importance and explores the contributions of community capacity building (CCB) to achieving a sustainable tourism. Community capacity building is extensively recognized as a significant tourism development tool, which if implemented properly can contribute in community...
Persistent link: https://www.econbiz.de/10013020377
Fighting poverty is a major challenge for Albania, in which tourism can make a significant contribution. However, it is important to analyze the basic concepts behind specific policies and actions that would allow tourism to be effective, like the possibilities offered by micro-credit. In fact,...
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In this paper, we assess the accuracy of macroeconomic forecasts at the regional level using a unique data set at quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden-Württemberg) and Eastern Germany. We overcome the problem of a...
Persistent link: https://www.econbiz.de/10009630640