Showing 1 - 10 of 321
innovation. This paper sets out to question this tendency to equate projects and innovation which, in our view, can lead to the … improper use of projects to manage innovation. We argue that, in line with the work on project classification, a distinction …
Persistent link: https://www.econbiz.de/10008789012
R&D and innovation have become much more strategic than ever before for the growth of China as well as for its global … societal upgrade. The Chinese authorities have designed an innovation strategy to face new economic and social challenges. The …
Persistent link: https://www.econbiz.de/10009654257
Innovation plays a central role in economic development, at the regional and national level. In the competitive … innovation and the strategic objectives that have been set, firms will regularly have to modify the way in which their R&D and … innovation are organized. Nowadays, shift from serial to simultaneous and parallel working in innovation has become more …
Persistent link: https://www.econbiz.de/10010898953
The disaster myopia hypothesis is a theoretical argument that may explain why crises are a recurrent event. Under very optimistic circumstances, investors disregard any relevant information concerning the increasing degree of risk. Agents' propensity to underestimate the probability of adverse...
Persistent link: https://www.econbiz.de/10009278316
The effects of the 2008/2009 financial crisis went largely among the financial markets and hit the real economy, generating one of the greatest global economic shocks. The aim of this study is to investigate whether inflation targeting has made a difference during this crisis. We first present...
Persistent link: https://www.econbiz.de/10010663554
We present several estimates of measures of risk amongst the most well-known, using both high and low frequency data. The aim of the article is to show which lower frequency measures can be an acceptable substitute to the high precision measures, when transaction data is unavailable for a long...
Persistent link: https://www.econbiz.de/10010738652
This paper aims to investigate the intensity and the effectiveness of the capital controls in China from 2003 to 2010, with special attention to the period of financial turbulence that erupted in the summer of 2007. We employ a two-regime threshold autoregressive model to study the Renminbi...
Persistent link: https://www.econbiz.de/10010738729
It is argued that the conventional analysis of the 2001 Argentina crisis in terms of populist budgetary policies and institutional rigidities of labor market is not satisfactory. The 2001 collapse takes place within a long history, but it results from a quite specific factor: the structural...
Persistent link: https://www.econbiz.de/10010738973
We decompose volatility of a stock market index both in time and scale using wavelet filters and design a probabilistic indicator for valatilities, analogous to the Richter scale in geophysics. The peak-over-threshold method is used to fit the generalized Pareto probability distribution for the...
Persistent link: https://www.econbiz.de/10010750636
The political and economic crisis in Europe is often viewed as an indirect consequence of the global financial and economic breakdowns caused by the US "subprime" crisis. European governments themselves tend to underestimate Europe's responsibility for the crisis and seem to prefer to manage the...
Persistent link: https://www.econbiz.de/10011025689