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. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms …
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in the marketplace. Germany is one of the countries in the forefront of nano research: well-known German scientists have … pioneered the technology; Germany is already in a strong position in terms of R&D expenditures, patent registrations and … publications; and on the whole, apart from the continuing lack of engineers, the Germany educational landscape also offers a good …
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. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms …
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; countercyclical risk ; aggregate shocks ; idiosyncratic shocks ; heterogeneous firms ; news shocks ; uncertainty shocks. …
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