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Structural innovations in multivariate dynamic systems are typically hidden and often identified by means of a-priori economic reasoning. Under multivariate Gaussian model innovations there is no loss measure available to distinguish alternative orderings of variables or, put differently,...
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ofChinese small and medium enterprises (SMEs) in China, Hong Kong, and Taiwan.Specifically, it seeks to assess the interplay of … analyze the interview scripts. Thefindings suggest that, although SMEs in China, Taiwan, and Hong Kong areembedded in Chinese …
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We unite investment by speculators and tech-savvy investors with a heterogeneous agent model.While speculators seek to profit from extrapolating the price trends, tech-savvy investors trade based on the prospective value of Bitcoin, which is a function of factors that capture the market demand...
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With a rapidly aging population, Portugal faces some serious pension challenges including a Social Security system which is under pressure, and pension benefits gradually approaching levels that will require individuals to supplement Social Security with private savings. In addition, Portugal...
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Utilizing a comprehensive database spanning 110 exchanges in five geographic regions, we examine trends in trade activity and contract innovation of exchange-traded futures and options over the period 2002–2021. We find that global volume has experienced a ten-fold increase driven by...
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examines the development of solar PV and wind energy technology component (WETC) exports from China and the competitive … innovation effects steaming from both importing countries and China. We use a panel dataset representing annual bilateral trade … flows of 43 countries from the developed and developing world that imported solar PV and WETCs from China between 1996 and …
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