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This paper is a substantially revised version of our earlier working paper, "Truth and Robustness in Cross-country Growth Regressions." The most important revisions concern the handling of missing observations in the cross-country data set. In the earlier paper, these had been handled through...
Persistent link: https://www.econbiz.de/10014124932
The work of Levine and Renelt (1992) and Sala-i-Martin (1997a, b) which attempted to test the robustness of various determinants of growth rates of per capita GDP among countries using two variants of Edward Leamer's extreme-bounds analysis is reexamined. In a realistic Monte Carlo experiment in...
Persistent link: https://www.econbiz.de/10014136816
The marketing and sales polices of Iranian crude oil have been revised and changed after the Islamic Revolution of 1979. Production policy that drastically cut back production in order to maintain oil reserves for future generations. In terms of marketing Iranian crude oil, the new revolutionary...
Persistent link: https://www.econbiz.de/10014180026
Purpose - In a meta-study, we have bridged the gap between the pros and cons of a questionable finance-growth nexus. Design/methodology/approach - Over 20 fundamental characteristics that have influenced the debate over the last decades have been examined. The empirical evidence is based on 196...
Persistent link: https://www.econbiz.de/10011409927
Purpose - In a meta-study on the finance-growth nexus, we have bridged the gap between Schumpeterian authors and sympathizers of a questionable finance-growth nexus. Design/methodology/approach - Over 20 fundamental characteristics that have influenced the debate over the last decades have been...
Persistent link: https://www.econbiz.de/10011410019
To operate effectively in global markets, marketing managers need to understand that consumer response to globalization may be more complex than is commonly assumed. We examine a proposed conceptual framework to describe consumers' responses to globalization through a cross-national survey on...
Persistent link: https://www.econbiz.de/10014198458
The aim of this research is to explore the econometric features of Bitcoin-USD rates. Various non-Gaussian models are fitted to daily returns in order to underline the unique characteristics of Bitcoin when compared to other more traditional currencies. Market efficiency hypothesis is tested...
Persistent link: https://www.econbiz.de/10012921289
Global competition is the services or products provided by competing companies that serve international customers. Competition on a local scale where people are competing against one another for one common goal - the best in their core competency. Global competition has allowed companies to buy...
Persistent link: https://www.econbiz.de/10012977189
, an extreme value theory analysis with a quantile regression procedure. An empirical test is carried out on the daily West …
Persistent link: https://www.econbiz.de/10013036389
We focus on the issue of currency management in the context of offshore investing with an emphasis on the selection of an appropriate currency hedge. It is shown that when seeking to minimize the risk associated with the Rand value of a foreign asset, the optimal currency hedge is strongly...
Persistent link: https://www.econbiz.de/10012994159