A tanulmány tárgya a japán rejtély: a hosszú ideig tartó rendkívül gyors gazdasági növekedés, az úgynevezett japán gazdasági csoda, majd a növekedési ütem nagyon erős visszaesése, az elhúzódó recesszió. A szerzők endogén növekedési modell felhasználásával...

In this paper we investigate trading with optimal mean reverting portfolios subject to cardinality constraints. First, we identify the parameters of the underlying VAR(1) model of asset prices and then the quantities of the corresponding Ornstein-Uhlenbeck (OU) process are estimated by pattern...

Lots of studies were produced in the past decade on the importance of the quality of the institutions for economic development. Several authors focused on the indicators provided by Doing Business (World Bank) to highlight the main factors favouring or rather limiting the economic development....

Internationalization of the firm theory remains unfinished business and as a result there remains confusion among the academic community. This paper revises the main currents of thought in the academic world concerning the internationalization of the firm debate. We do a brief diagnosis of the...

Proponents of Asian monetary integration have always looked to Europe for inspiration. This paper reconsiders the cas in light of the eurozone crisis. I ask what aspects of the earlier consensus remain intact in the wake of the crisis and what aspects must now be rethought. Is there a danger of...

On behalf of almost twenty thousand faculty members and students of Sejong University, I would like to extend my hearty welcome to the participants, particularly from abroad, to attend the conference. I sincerely hope that your contributions today will substantially enhance the possibility of...

Globalization determines a growth of competition but as well a growth of the opportunity to attract new customers. The dental clinics will have to keep in mind the new characteristics and features of the modern consumer who is more educated, more informed, more active in searching for products...

A conflicted area in which the Russian and Ottoman Empires fought over in the past, now represents an important bet not just economical but also political under the conditions in which the European Union wishes to become a worldwide power, USA to maintain its hegemony and The Russian Federation...