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.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm …
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Financing innovation presents informational and control problems for the financier, and different solutions are used … in innovation during the 2007-8 financial crisis for both. We extend prior theories of external financing's effect on … effect on company innovation on entering the crisis, but increased university innovation. Overall, however, company patenting …
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Die Position Sachsens als Innovationsstandort wird anhand der Ausstattung des Freistaatsmit Ressourcen für Forschungs-, Entwicklungs- und Innovationsaktivitäten analysiert. Im innerdeutschen Vergleich rangiert Sachsen bei den Inputfaktoren für den Innovationsprozeß im Mittelfeld, steht aber...
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In response to Molnár and Thies (2018) demonstrating that the price data of Bitcoin contained structural breaks, we identify the optimal number of states for a Markov regime-switching (MRS) model to capture the regime heteroskedasticity of Bitcoin. We determined that the restricted 5-state MRS...
Persistent link: https://www.econbiz.de/10012907471
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods benchmarked against the EU. In part of the paper, we work with the concept of linear "Hysteresis" as described by the presence of unit roots in unemployment. Since this is potentially a...
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