This paper presents a VAR/VECM analysis of the monetary transmission process in Uzbekistan for the available data from 2000 to 2009. The general findings obtained support the hypothesis that the interest rate channel in Uzbekistan is relatively weak. Monetary transmission via the exchange rate...

This article develops a solution method, which integrates a transversality condition representing the terminal condition of a dynamic model with an infinite horizon into the solution of a macroeconomic rational expectations model. Thus this transversality condition can be used to decrease the...

The aim of this paper is to empirically investigate the sources of technological opportunities. The analysis is based on a survey conducted among 358 Swiss R&D executives in 1988. The most important results can be summarized as follows: 1. Market organizations are perceived as the most important...

Interfirm cooperative R&D agreements are becoming more frequent, as firms seek to avoid market failures and exploit the competitive advantages of collaborating vertically with suppliers on the one hand and customers on the other. This paper investigates the phenomenon of vertical R&D linkages in...