This paper tracks the development of the automotive industry (excluding motorcycles) since the 1970s, with major emphasis on the 1980s and 1990s. This paper also distinguishes three distinct parts of the industry: sedan (where the major problems are), commercial vehicles (where the problems are...

Purpose – Accounting and decision making rely heavily on forecasts. For several reasons, we should expect ongoing increases in forecasting accuracy. The purpose of this paper is to test the hypothesis of improved forecasts over time. Design/methodology/approach – The paper analyzes original...

The aim of this paper is to provide a better understanding of monozukuri capability as a way to address the increasing product variety in industrial firms. To this effect, we conducted a comparative case study at Japanese and German automakers with more than 40 interviews and 30 factory visits...

The eastern enlargement of the European Union has prompted heated debates about social dumping related to labour standards and industrial relations. Capital mobility is seen as a crucial social dumping mechanism. The article uses time-series-cross-section data for the years 1999–2008 to...

The causality between energy consumption and real income in developed countries has been a very vital research topic in recent years. Raising concerns about climate change and global warming increase the pressure on policy makers to take action against energy depletion. Unfortunately these...

The standard vector error correction (VEC) model assumes the iid normal distribution of disturbance term in the model. This paper extends this assumption to include GARCH process. We call this model as VEC-GARCH model. However as the number of parameters in a VEC-GARCH model is large, the...