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Most studies of industrial restructuring and regional adjustment are focused upon the local consequences or causes of restructuring. Few studies are focused upon corporate strategy, an essential ingredient for a better understanding of the motive forces behind restructuring. This paper is an...
Persistent link: https://www.econbiz.de/10009441457
We propose an industry-level index of capital liquidity -- defined as the share of used capital in aggregate industry capital expenditure -- that relates (inversely) to sunkenness of capital investment. We then test the effect of capital liquidity on the dispersion and mean of industry...
Persistent link: https://www.econbiz.de/10009476588
``Mathematical Models of Hysteresis``. Thus, before discussing the proposed research in detail, it is worthwhile to describe and … of hysteresis. All these models have a common generic feature; they are constructed as superpositions of simplest … these models and such topics as: the critical state model for superconducting hysteresis, the classical Stoner …
Persistent link: https://www.econbiz.de/10009435628
Mathematical Models of Hysteresis''. Thus, before discussing the proposed research in detail, it is worthwhile to describe and … of hysteresis. All these models have a common generic feature; they are constructed as superpositions of simplest … these models and such topics as: the critical state model for superconducting hysteresis, the classical Stoner …
Persistent link: https://www.econbiz.de/10009436083
analytically. Under certain conditions the model exhibits hysteresis, i.e. temporary shocks on the price level or the unemployment …
Persistent link: https://www.econbiz.de/10009442382
uncertainty explicitly taking into account irreversibility of the investment decision and flexibility with respect to the … optimal investment trigger is considerably higher. Hence real options give an explanation for economic hysteresis. The reason …
Persistent link: https://www.econbiz.de/10009443735
rate and the international trade. Such phenomenon is called hysteresis.In this sense, the objective of this work is to … verify the existence of hysteresis in the Brazilianinternational trade with special interest in the agricultural sector. The … results indicate existence of simple hysteresis in the exchange rate and in the Brazilian imports as well weakhysteresis in …
Persistent link: https://www.econbiz.de/10009479515
Motivated by a strong degree of hysteresis in the stock of monetization observed after the end of hyperinflations, I … literature, I show that when hysteresis is possible, an orthodox fiscal-monetary reform that successfully stops a speculative …
Persistent link: https://www.econbiz.de/10012530116
deterministic product level technology differences across countries. It then uses estimates from a product level gravity estimation … maximization in the presence of sunk costs of entering the export market is broadly consistent with the observed persistence of … value of the sunk export entry costs faced by these firms using an indirect inference strategy. These costs are shown to be …
Persistent link: https://www.econbiz.de/10009429356
exports. According to that, not only those sectors which are closely linked to commodity trade activities benefit from rising … economies, the remaining sectors also benefit from the increase in export earnings. In contrast to Chapter 2, which conducts a …
Persistent link: https://www.econbiz.de/10009450173