Narrow search
Showing 1 - 10 of 122
Cover Image
Productivity Gains from Offshoring: an Empirical Analysis for the Netherlands
Butter, Frank A.G. den; Pattipeilohy, Christiaan - Tinbergen Instituut - 2007
A major question in the globalization debate is whether outsourcing and offshoring activities are beneficial to the home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs, using a recent theory on trade in tasks. A production...
Persistent link: https://www.econbiz.de/10011255886
Cover Image
Spurious Regression, Cointegration, and Near Cointegration: A Unifying Approach
Haldrup, Niels; Jansson, Michael - Tinbergen Instituut - 1999
cointegration are provided. As a first application, we give analyticalcorroboration of the conjecture that the finite sample … coefficient. Hence, the notionof near cointegration helps to bridge the gap between the polar cases ofspurious regression and … cointegration. Secondly, we characterize theproperties of conventional cointegration methods under near cointegration …
Persistent link: https://www.econbiz.de/10011257374
Cover Image
Optimal Hedging with the Vector Autoregressive Model
Gatarek, Lukasz; Johansen, Søren - Tinbergen Instituut - 2014
with general cointegration rank. Our hedge is optimal in the sense of minimum variance portfolio. We consider a model that … correlation and cointegration parameters. For short holding periods the correlation impact is predominant. For long horizons, the … hedge ratio should overweight the cointegration parameters rather then short-run correlation information. In the innite …
Persistent link: https://www.econbiz.de/10011257633
Cover Image
Transaction Management: Value Creation by Reducing Transaction Costs
Butter, Frank A.G. den - Tinbergen Instituut - 2010
This discussion paper led to a publication in (W.D. Nelson (Ed.)), <I>Advances in Business and Management</I> (pp. 1-32), New York: Nova Publishers, 2011. In this era of globalization we see an increase in specialization: the production chain issplit up in more and more parts and the production of...</i>
Persistent link: https://www.econbiz.de/10011255533
Cover Image
Trade in Financial Services: Procompetitive Effects and Growth Performance
Francois, Joseph F.; Schuknecht, Lutger - Tinbergen Instituut - 1999
In this paper we explore linkages between financial services tradeand growth. We offer aformalization of the argument that trade, through the fostering offinancial market integration,may yield important long-run effects related to increasedcompetition. The relationshipsformalized here link...
Persistent link: https://www.econbiz.de/10011256218
Cover Image
Financial Sector Competition, Service Trade, and Growth
Francois, Joseph F.; Eschenbach, Felix - Tinbergen Instituut - 2002
We explore dynamic linkages between financial/banking sector openness, financial sector competition, and growth. We first develop an analytical model, highlighting links between long-run economic performance and services trade, through scale economies and market and cost structures in the...
Persistent link: https://www.econbiz.de/10011256362
Cover Image
Maintenance Costs, Obsolescence, and Endogenous Growth
Berden, Koen G.; Marrewijk, Charles van - Tinbergen Instituut - 2001
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011256370
Cover Image
Skill Intensity in Foreign Trade and Economic Growth
Woerz, Julia - Tinbergen Instituut - 2004
This paper explores the link between trade structure, trade specialization and per capita incomegrowth. It is argued that industrial upgrading in export specialization patterns has a positive long-rungrowth effect, while the effect of structural change in industrial import patterns is in...
Persistent link: https://www.econbiz.de/10011256533
Cover Image
Decoupling Economic Growth and Energy Use. An Empirical Cross-Country Analysis for 10 Manufacturing Sectors
Mulder, Peter; Groot, Henri L.F. de - Tinbergen Instituut - 2004
This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by exploring trends in energy- and labour productivity across 10 manufacturing sectors and 14 OECD countries for the period 1970-1997. We explicitly aim to trace back aggregate...
Persistent link: https://www.econbiz.de/10011255666
Cover Image
Growth Effects of Fiscal Policies - A Comparative Analysis in a Multi-Country Context
Brons, Martijn; Groot, Henri L.F.M. de; Nijkamp, Peter - Tinbergen Instituut - 1999
The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10011255976