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What is accepted as payment has changed over time, and so have the ways in which payments are made. Bitcoin, a cryptographic computer protocol, represents for some just another currency to release and receive payments. For others to speculate or to diversify into an alternative asset class. In...
Persistent link: https://www.econbiz.de/10013031532
The varieties of capitalism approach (VoC) and the related research assume that German firms adopt an internal flexibility profile that corresponds with the national institutional framework. Recent empirical studies, however, have found substantial diversity in realized firm-level strategies....
Persistent link: https://www.econbiz.de/10009745094
As U.S. corporate profit margins have made it to record highs, a debate has raged between those who place their hopes on a new paradigm of sustained high profits and those who believe in capitalism's efficiency and the tendency of margins to revert to the mean. Using a bottoms-up analysis...
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network of trade in digital services (trade in bits) and compare it with that of the more traditional flow of manufactured … less hierarchical network structure, which is more similar to trade in high-skill manufactured goods than total trade. Last …, distance plays a more prominent role in shaping the network of international trade in physical goods than trade in digital …
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This paper aims to examine the influence of national institutions on start-up firms’ initial growth and internationalization. Focusing on two entrepreneurial start-ups in the ICT sector, this study highlights Japanese institutions in transition, and depicts the way in which rapidly growing...
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This is a paper written in 1999, published in 2000, being unaware of the Glass–Steagall Act, which was just signed into law by Bill Clinton, which was aiming at speeding up globalization, and which Joseph Stiglitz and others want it to have corroborated the financial crises of 2007-2009. Yet,...
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I construct a two-country multisectoral model of capital accumulation, endogenous technological change, trade, and foreign direct investment, whose steady states explain the main features of globalization: (a) increased economic participation of transnational corporation (TNC) profits, (b)...
Persistent link: https://www.econbiz.de/10013089923