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Productivity gains from offshoring : an empirical analysis for the Netherlands

Butter, Frank A. G. den; Pattipeilohy, Christiaan - 2007 - This version: 19 November 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/10011373831

Transaction management : value creation by reducing transaction costs

Butter, Frank A. G. den - 2010

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 these parts is outsourced to thoseplaces in the world where production is relatively cheapest and most efficient. Itimplies that transaction costs,...

Persistent link: https://www.econbiz.de/10011380728

SETS, arbitrage activity, and stock price dynamics

Taylor, Nicholas; Dijk, Dick van; Franses, Philip Hans; … - 1999

This paper provides an empirical description of the relationshipbetween the trading system operated by a stockexchange and the transaction costs faced by heterogeneous investors who use the exchange. Therecent introduction ofSETS in the London Stock Exchange provides an excellent opportunity...

Persistent link: https://www.econbiz.de/10011300557

One-way arbitrage-based interest parity

Chang, Rosita P.; Lee, Sang-hyop; Reid, Sean F.; Rhee, … - 2002

forwardforeign exchange prices from interest parity forward prices. Second, the role oftransaction costs in one-way arbitrage …-based interest parity has not been examined.Applying the Fletcher and Taylor approach to one-way arbitrage-based interest parity … implied by one-way arbitrage, does not diminish therole of transaction costs; (ii) the varjances of the estimated deviations …

Persistent link: https://www.econbiz.de/10011327832

One-way arbitrage-based interest parity : an application of the Fletcher-Taylor approach in short-date markets

Chang, Rosita P.; Lee, Sang-Hyop; Reid, Sean F.; Rhee, … - 2002

Persistent link: https://www.econbiz.de/10001718695

SETS, arbitrage activity, and stock price dynamics

Taylor, Nick (contributor) - 1999

Persistent link: https://www.econbiz.de/10001364933

Privatization, political risk and stock market development in emerging economies

Perotti, Enrico C.; Oijen, Pieter van - 1999

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradually resolves uncertainty...

Persistent link: https://www.econbiz.de/10011301160

Testing for volatility co-movement in bivariate stochastic volatility models

Chen, Jinghui; Kobayashi, Masahito; McAleer, Michael - 2017 - Revised: February 2017

The paper considers the problem of volatility co-movement, namely as to whether two financial returns have perfectly correlated common volatility process, in the framework of multivariate stochastic volatility models and proposes a test which checks the volatility co-movement. The proposed test...

Persistent link: https://www.econbiz.de/10011602570

Trade in financial services : procompetitive effects and growth performance

Francois, Joseph F.; Schuknecht, Lutger - 1999 - Rev.

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/10011301163

Skill intensity in foreign trade and economic growth

Wörz, Julia - 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/10011335211

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