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of certain high-tech sectors and the growing productivity gap with the US have raised concerns about the ability of the …
Persistent link: https://www.econbiz.de/10009640166
Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...
Persistent link: https://www.econbiz.de/10009639429
In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders’ value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses...
Persistent link: https://www.econbiz.de/10009640339
Persistent link: https://www.econbiz.de/10009638559
We apply both classical and Bayesian econometric methods to characterize the dynamic behavior of inflation for twelve industrial countries over the period 1984-2003, using four different price indices for each country. In particular, we estimate a univariate autoregressive (AR) model for each...
Persistent link: https://www.econbiz.de/10009636705
improving the quality and productivity of work could lead to more as well as better jobs. This study is based on 23 case studies …
Persistent link: https://www.econbiz.de/10011894772
Persistent link: https://www.econbiz.de/10009635931
the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated …
Persistent link: https://www.econbiz.de/10009636531
firm entry and exit as well as survival analysis of new firms. Also, decompositions of productivity change into components … consisting of resource reallocation, firm entry and exit, and productivity growth within continuing firms are carried out. The … productivity compared to incumbent firms and changes in the sectoral structure of the economy. The decomposition of productivity …
Persistent link: https://www.econbiz.de/10009636560
Slovakia is engaged in an ambitious reform process which has the potential to quicken productivity growth, increase the …
Persistent link: https://www.econbiz.de/10009636870