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In this paper we analyse the market integration process of the relative price distribution, develop a model to analyze … distribution. We present concepts and definitions related to the market integration process, link this to price convergence in … distribution, argue that the Law of One Price (LOP) is not a sufficient condition for market integration, and present a formal test …
Persistent link: https://www.econbiz.de/10010326394
This paper documents the changes in the income distribution in Argentina from the mid-1970s to the mid-2000s. Over the … stimulated by the process of economic integration. The depth and speed of the reforms and the scarcity of public policies to ease … the transition contributed to the particular severity of the income distribution changes. The macro crises and the …
Persistent link: https://www.econbiz.de/10011429284
have shaped Argentina’s income distribution: deep macroeconomic crisis and periods of openness and integration. The …This paper documents the income distribution changes experienced by Argentina during the last decades. Inequality … integration. The depth and speed of the reforms and the absence of public policies to ease the transition contributed to the …
Persistent link: https://www.econbiz.de/10011941056
We propose a client server architecture for statistical computing. The main feature of our approach is the possibility to connect various client programs via a TCP/IP connection to a powerful statistical engine. This offers the opportunity to include the statistical engine into a number of...
Persistent link: https://www.econbiz.de/10010310589
Modern statistical computing requires smooth integration of new algorithms and quantitative analysis results in all …
Persistent link: https://www.econbiz.de/10010296434
In the contemporary business landscape, digital competencies have become a crucial factor for small enterprises to remain competitive and thrive. The present study examines how a business applications training, aiming to boost small enterprises' digital competencies, affects their financial...
Persistent link: https://www.econbiz.de/10015210986
Moral hazard in an organization occurs when people make decisions and take a high risk for their own benefit, given that they would not have to bear all the negative ensuing consequences should they occur. This risk transferred to third parties is generally due to the catalysts that foster this...
Persistent link: https://www.econbiz.de/10014525707
As companies' environment is becoming increasingly volatile, scanning systems gain in importance. We propose a hybrid process model for such systems' information gathering and interpretation tasks that combines quantitative information derived from regression analyses and qualitative knowledge...
Persistent link: https://www.econbiz.de/10010421387
MOL Plc as a national champion does not simply take part in the implementation of the state's decisions but the company's cooperation is needed in realizing the economic, political and social considerations of the authorities. Therefore the company is provided with special preferential...
Persistent link: https://www.econbiz.de/10010494534
Corporate management is often accused of short-term oriented behaviour related to R&D expenditures. This study analyses the influence of R&D volatility and R&D intensity on the market capitalization of pharmaceutical and medical research companies from Europe, considering the institutional...
Persistent link: https://www.econbiz.de/10015401361