The paper examines the challenges social scientists face when analysing innovation, especially R&D and innovation activities of firms, i.e. their strategies in typical stages of an innovation process in a defined economy. The motivation behind is to describe properly the innovation activities of...

In this study, we aim to investigate relationship between interest rate and consumer price index in Austria by using quarterly data belonging 1990:Q1 to 2013:Q4.period in the context of Fisher (1930) hypothesis. We employ linear unit root test and causality tests. according to linear Granger...

Log-normal process and martingale restriction bring some bias on the premium for option pricing models. It is possible to reduce the bias by adding more parameters like jump diffusion, stochastic volatility or regime switching. In this case closed form solutions and numerical approximations...

This paper investigates the behavior of Turkish exchange rates within the context of purchasing power parity (PPP) hypothesis, -employing ten Turkish real exchange rates during January 2002-May 2012-, by means of recent developments in panel unit root testing procedures. When we account for...

In this paper, we analyze the effect of firms’ R&D investment on sales growth and employment expansion. We attempt to shed light on the R&D investment effect by comparing the difference of R&D influence on these two growth dimensions. The estimation results of the panel fixed-effect model show...

Emerging economies (BRIC) are now on forefront of globalization in the resent scenario. From a financial perspective, globalization has resulted in huge financial flows to these economies that inter-alia include Portfolio investments by Foreign Institutional Investors (FII), Foreign Direct...

Remittances to developing nations have become an important source of income to finance the recipient households’ livelihoods, where changes in expenditure patterns, consumption and savings-investment nexus for long term development lead to improve in wellbeing. The Pacific Islands have also...

Corporate investment in capital assets plays an important role in the total capital investment in the country particularly in the developing nations like India. The policy emphasis on corporate investment in India has undergone a major change in the last decade in line with the liberalization...

This paper deals with an estimation of output gap and potential output for Russian´s economy. Three methods of estimation have been used for estimating these two unobservable variables: Hodrick-Prescott filter, production function and SVAR model. All methods of estimation showed very similar...

The focus of this study is the impact that the recent economic and social tendencies have upon the marketing of firms. The ways in which the marketing policies and practices are influenced by the dynamic changes in the physical space, demographics, behavioral models and economic growth will be...