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Imports is an important factor beside exports when firm-level connection between innovation and productivity is … analyzed. Innovation boosts productivity, its impact has been changing between 2005 and 2016 in Hungary. The estimated impact …
Persistent link: https://www.econbiz.de/10012290317
Imports is an important factor beside exports when firm-level connection between innovation and productivity is … analyzed. Innovation boosts productivity, its impact has been changing between 2005 and 2016 in Hungary. The estimated impact …
Persistent link: https://www.econbiz.de/10012226789
This paper examines the major economic and institutional factors underlying the surge in foreign direct investment (FDI) flows to Mexico during the 1990s. It presents evidence that indicates that market-friendly economic reforms and major changes in the institutional-legal status of foreign...
Persistent link: https://www.econbiz.de/10005641776
Statistical data display a high level of sectorial and geographical concentration in the exports of three Central European new member states of the European Union: the Czech Republic, Hungary and Slovakia. All the three export huge quantities of the products of certain sectors of engineering...
Persistent link: https://www.econbiz.de/10011444395
Statistical data display a high level of sectorial and geographical concentration in the exports of three Central European new member states of the European Union: the Czech Republic, Hungary and Slovakia. All the three export huge quantities of the products of certain sectors of engineering...
Persistent link: https://www.econbiz.de/10011345028
We study the effects of German unification in a model with capital accumulation, skill differences and a welfare state …. Absent a welfare state, we observe an investment boom, depressed output and employment conditions. Capital owners and high …-skilled agents are willing to give up to 4% of per-capita consumption to favor unification. When a welfare state exists the …
Persistent link: https://www.econbiz.de/10005771980
slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …
Persistent link: https://www.econbiz.de/10008498993
This paper calculates the quantitative significance of the welfare effects of wage compression in Sweden. This is done … compression lead to large welfare losses, since wage compression creates costly unemployment among low-skilled workers. This … welfare loss can be significantly reduced (but not eliminated) if firms and unions bargain over efficient labor contracts. In …
Persistent link: https://www.econbiz.de/10005645493
In this paper, the authors study the changes in liquidity following the introduction of a new electronic limit order market when, prior to its introduction, trading is centralized in a single limit order market. They also study how automation of routing decisions and trading fees affect the...
Persistent link: https://www.econbiz.de/10005011691
Market makers on financial markets often act as competitiors and step into cooperations with each other at the same time. Primarily, they quote prices for investors, thus providing liquidity on the customer market. But they also trade with each other in order to reduce their inventory risk. The...
Persistent link: https://www.econbiz.de/10011444420