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This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10003728591
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 …
Persistent link: https://www.econbiz.de/10003745105
large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH …
Persistent link: https://www.econbiz.de/10003670896
, 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 …
Persistent link: https://www.econbiz.de/10009658145
Persistent link: https://www.econbiz.de/10001945539
experience of Japan. Exchange rate appreciation, or the threat of it, causes macroeconomic distress without having any …
Persistent link: https://www.econbiz.de/10003328095
Trading Scheme (ETS) to emerging trading schemes outside Europe. Currently, countries like Canada, Japan or Australia are …
Persistent link: https://www.econbiz.de/10003480083
Do firms select their main bank relationship according to their risk or risk preferences? Relationship banking is attractive for high risk firms since it improves their access to finance and provides liquidity insurance. Low risk firms instead may not want to bear the additional costs. I employ...
Persistent link: https://www.econbiz.de/10009732772
There is a growing literature that aims at assessing the private value of knowledge assets and patents. It has been shown that patents and their quality as measured by citations received by future patents contribute significantly to the market value of firms beyond their R&D stocks. This paper...
Persistent link: https://www.econbiz.de/10008937317
China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 …
Persistent link: https://www.econbiz.de/10003114252