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The Least-Squares Monte Carlo model (LSM model) has emerged as the derivative valuation technique with the greatest impact in current practice. As with other options valuation models, the LSM algorithm was initially posited in the field of financial derivatives and its extension to the realm of...
Persistent link: https://www.econbiz.de/10011988695
The appeal of the 'Micro-foundations' project, which requires that all macroeconomic propositions are reduced to or derived from microeconomic ones, is strongly supported by the considerable force of what Lakatos calls the discipline's 'hard core'. This is particularly so if this project is...
Persistent link: https://www.econbiz.de/10014363197
This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however …, broaden this standard approach and analyse not only economic aspect of openness but also socio-political aspect. In our …
Persistent link: https://www.econbiz.de/10011310256
of intra-organizational openness into innovativeness. A sample comprising N = 24 subsystems from privatized Romanian …
Persistent link: https://www.econbiz.de/10010322863
correlated with market size and openness of the economy in Poland. For Turkey, a bidirectional relationship between FDI and … market size as well as between FDI and openness of the economy has been observed. No relation between FDI and inflation has …
Persistent link: https://www.econbiz.de/10010333181
Public Finance Act mentions ways of applying the principles of openness, and also stipulates the entities obliged to present … requirements and standards in the field of openness and transparency insofar as these concern the responsibility and accountability …
Persistent link: https://www.econbiz.de/10012011843
involving 400 people of diverse backgrounds an d wide age brackets. Results indicated significant effects of Openness, Extraver …
Persistent link: https://www.econbiz.de/10011875172
Evaluation of long run relationship of the openness policy and Pakistan's economic growth is the prime objective of the … variables which show a broader sense of openness. The result of our study shows that there is a long run relationship between … openness and economic growth with reference of Pakistan. Further, the study proofs the Export Led Growth hypothesis in case of …
Persistent link: https://www.econbiz.de/10011938324
This paper introduces an alternative indicator to evaluate the external sector behavior of a country or region. The objective of this indicator, titled 'The External Sector Vulnerability Monitoring Index' (henceforth ESVM) (λ), is to offer policy-makers and researchers a new analytical tool to...
Persistent link: https://www.econbiz.de/10014544532
The nature and extent of openness depend on the context and/or disciplinary domain. Earlier usage of the term open was … in the context of computer systems. For example, in networked systems of computers, "openness" refers to enabling … protocols that connect previously closed systems so that they can communicate with each other. Beyond that, openness has been …
Persistent link: https://www.econbiz.de/10013194744