Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10009668632
Persistent link: https://www.econbiz.de/10003784707
misalignment with no feedback effects. In the second stage, a model of nominal exchange rate is estimated. Since we find co-integration …; Integration * The findings, interpretation and conclusions expressed in this paper are entirely those of the author. They don …
Persistent link: https://www.econbiz.de/10005076782
In this paper we investigate whether the European unification has had an impact on the Union's average labor productivity growth. Based on a time series approach we do not find a scale-effect as suggested by new growth theory. However, the data do not reject the hypothesis that the EU growth...
Persistent link: https://www.econbiz.de/10005190857
During the years 1873-1875, Norway, Denmark and Sweden reformed their monetary systems. They adopted a common currency, the Scandinavian Krona, based on gold. The German conversion to the gold standard in 1871 had acted as a catalyst for monetary change, and it sparked intense activity in...
Persistent link: https://www.econbiz.de/10005423806
put forth is if and how management control, in a broad sense, can support an integration of the teams. In an explorative … suboptimization, but they can also support integration by creating empowerment with the employees. Secondly, there seem to be two … seems to better support an integration of the teams. Thirdly, the control system used in one of the cases is compared with …
Persistent link: https://www.econbiz.de/10005750496
Existence of a cointegration relationship between two time series in the time domain imposes restrictions on the series zero-frequency behaviour in terms of their squared coherence, phase, and gain, in the frequency domain. I derive these restrictions by studying cross-spectral properties of a...
Persistent link: https://www.econbiz.de/10005556273
Using the framework of a dynamic intertemporal optimization model of an open economy, it is shown that the long-run investment-saving correlation follows directly from the economy's dynamic budget constraint and this does not depend on the degree of international capital mobility. Therefore,...
Persistent link: https://www.econbiz.de/10005119491