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This paper sheds new light on the assessment of firm networks via multiple directorships in terms of corporate firm performance. Using a large sample of European listed firms in the period from 2003 to 2011 and system GMM we find a significant compensation effect on corporate firm performance...
Persistent link: https://www.econbiz.de/10013024843
Recent developments in time series analysis have encouraged the economists to re-examine their findings about the Wagner’s Law. That is why, the aggregation in public expenditures may lead some contradictions, disaggregated analyses should perform to have more consistent results. In this...
Persistent link: https://www.econbiz.de/10009650658
less efficient. However, so far this question is difficult to analyse for China since we lack information on one of the … the provinces of China between 1922 and 2010. Using our new dataset, together with physical capital and per capita GDP …, whereas until the reform period China was largely driven by capital accumulation, afterwards general technical development got …
Persistent link: https://www.econbiz.de/10011110187
This paper analyzes, within its feasible parameter space, the dynamics of the Uzawa-Lucas endogenous growth model. The … bifurcation is confirmed as well. We find evidence that the model could produce chaotic dynamics, but our analysis cannot confirm … solution domains. Bifurcation boundaries can separate one kind of unstable dynamics domain from another kind of unstable …
Persistent link: https://www.econbiz.de/10011260401
Cambridge University Press journal, Macroeconomic Dynamics. I have decided to focus the essay on my experiences in starting up …
Persistent link: https://www.econbiz.de/10005014952
Paper focuses on evaluation of competitiveness of Czech wine production in relation to the development concept formulated within solution of a grant provided by the Czech Ministry of Agriculture (No. NAZV QF 3276). For evaluation of competitiveness, the concept of “New 7 S” is selected,...
Persistent link: https://www.econbiz.de/10009323490
The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem,...
Persistent link: https://www.econbiz.de/10009422026
expectation, the effect of stock market policies, such as financing interest rate, financing ratio, on dynamics of commodity and …
Persistent link: https://www.econbiz.de/10009644154
agents in both fields of innovative activity and is endogenously defined from the dynamics of the model. …
Persistent link: https://www.econbiz.de/10009644925
the theoretical literature on innovations in two ways. First, it permits for the simultaneous dynamics of both types of … the dynamics of product innovations in turn. …
Persistent link: https://www.econbiz.de/10009369184