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This paper investigates how access to finance and skilled workforce endowments affect the propensity of European small and medium sized enterprises (SMEs) to adopt different types of resource efficiency measures (REMs), possibly simultaneously. For this purpose, a Multinomial Logit model is...
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mean reversion is found in practically all cases. -- Energy prices, Germany ; fractional integration ; persistence ; breaks …
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mean reversion is found in practically all cases. -- energy prices ; Germany ; fractional integration ; persistence …
Persistent link: https://www.econbiz.de/10009621714
This paper uses fractional integration and cointegration in order to model the DM/dollar and the yen/dollar real exchange rates in terms of both monetary and real factors, more specifically real interest rate and labour productivity differentials. We find that whilst the individual series may be...
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