and comprehensible information about the pension system and individual expected pension payments. This reform did not … increase in savings partly crowds out charitable donations. Moreover, we present evidence suggesting that both information and …

innovative technology within this trajectory. As for the diffusion of SC, the paper concentrates on Germany, USA, China and Japan … has established a lead market for SC technology. In the meanwhile, Japan has surpassed the United States, although it … comparative advantages in terms of prices, demand and market structure, Japan has caught up in terms of transfer advantage and …

large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH …

, Germany, Japan and the USA taking into account the different regulation schemes in these countries. We concentrate on …. In the meanwhile, Japan has surpassed the United States, although it started as a typical lag market. Japan has caught up … advantage of Japan mainly stems from its intensive R&D activities. It can also be observed that some other advantages – such as …