This article models the intertemporal behaviour of a firm that sets product prices and simultaneously invests in R&D. The model shows that the dynamic pricing rule follows the evolution of the production cost and is independent of the evolution of the product quality. Thus, process innovation,...

The conjecture of a price-induced technical progress was formulated by Hicks in 1932. It acquired prominence during the seventies with the work of Hayami and Ruttan who dealt with the agricultural sectors in the United States and Japan. A novel specification of this hypothesis is that output and...

In this paper I consider the 1991 Grossman-Helpman model which analyses the role of innovation on growth. The model assumes constant returns to scale. I intend to show what happen in this model if I assume strong increasing returns. In particular, under the assumption of increasing returns of...

This paper investigates stock price reactions to Japan's popular TV program "Project X," which was broadcast on NHK between 2000 and 2005. By using a standard event study methodology, we found that stock prices of these companies increased on average after the broadcast. In particular, the...

Recently, the yen carry trade has been focused on the international financial market. However, there are few empirical studies on the yen carry trade. This paper investigates the relationship between the yen carry trade and the related financial variables in the US and Japan by the structural...

The main aim of economy is achieving more benefit in a transaction and the best way is to get a method to foresee the future prices. In old commercial methods the experience and guestimation was the fundamental tools for predicting the price in coming days. Many different theories and methods...

We revisit the issue of comovements of emerging and developed stockmarkets, and provide a simultaneous treatment of data for the eighties and nineties. We show that while emerging markets experience greater instability in the long term than their developed counterparts, there is room for...

The main aim of economy is achieving more benefit in a transaction and the best way is to get a method to foresee the future prices. In old commercial methods the experience and guestimation was the fundamental tools for predicting the price in coming days. Many different theories and methods...

Data from 94 Alabama hospitals are examined to determine the relative profitability of sixteen outpatient Diagnosis Related Groups. Analysis of variance and Bonferroni multiple comparisons are made. Supplemental outpatient services are shown to be the most profitable outpatient service studied.

Recently, the global current account imbalance has received considerable attention in the international financial market. In this paper, we focus on the relationship between US and East Asia from the perspective of the trade balance and examine whether the appreciation of East Asian currencies...