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Identifying the German Inventory Cycle
Langmantel, Erich - In: Jahrbücher für Nationalökonomie und Statistik 225 (2005) 6, pp. 675-687
Summary Inventory fluctuations play an important role in the formation of business cycles. In Germany, little research has been dedicated to this topic recently. In this study, a structural time series model in the tradition of Harvey (1989) is employed to decompose German inventory investment...
Persistent link: https://www.econbiz.de/10014609076
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Assessing the Rationality of Survey Expectations: The Probability Approach
Breitung, Jörg - In: Jahrbücher für Nationalökonomie und Statistik 228 (2008) 5-6, pp. 630-643
Summary This paper considers popular methods for the quantification of survey expectations. We investigate the asymptotic properties of two variants of the probability approach originally suggested by Carlson and Parkin (1975). It is argued that the traditional method can be interpreted as an...
Persistent link: https://www.econbiz.de/10014609214
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Regressive Oil Price Expectations Toward More Fundamental Values of the Oil Price
Reitz, Stefan; Rülke, Jan-Christoph; Stadtmann, Georg - In: Jahrbücher für Nationalökonomie und Statistik 230 (2010) 4, pp. 454-466
Summary We use oil price forecasts from the Consensus Economic Forecast poll for the time period Oct. 1989 - Dec. 2008 to analyze how forecasters form their expectations. Our findings indicate that the extrapolative as well as the regressive expectation formation hypothesis play a role. Standard...
Persistent link: https://www.econbiz.de/10014609296
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Firms’ Evaluation of Location Quality: Evidence from East Germany
Eickelpasch, Alexander; Hirte, Georg; Stephan, Andreas - In: Jahrbücher für Nationalökonomie und Statistik 236 (2016) 2, pp. 241-273
Abstract Our study provides evidence for firms’ evaluation of location quality. We use a 2004 survey of 6,000 East German firms that contained questions on the importance and assessment of 15 different location factors ranging from closeness to customers and suppliers, transport...
Persistent link: https://www.econbiz.de/10014609910
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Determinants of Business Fixed Investment: Evidence from German Firm-Level Data
Buettner, Thiess; Hoenig, Anja - In: Jahrbücher für Nationalökonomie und Statistik 236 (2016) 5, pp. 533-556
Abstract This paper employs a novel firm-level dataset that combines financial accounts of German firms with data from a business survey to shed new light on the demand for capital. The empirical analysis employs firm-specific indicators in order to explore the effects of sales, the cost of...
Persistent link: https://www.econbiz.de/10014609922
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Supply risk management: model development and empirical analysis
Kern, Daniel; Moser, Roger; Hartmann, Evi; Moder, Marco - In: International Journal of Physical Distribution & … 42 (2012) 1, pp. 60-82
Purpose – The purpose of this paper is to develop a model for upstream supply chain risk management linking risk identification, risk assessment and risk mitigation to risk performance and validate the model empirically. The effect of a continuous improvement process on identification,...
Persistent link: https://www.econbiz.de/10014793875
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Effective information collection on international inbound visitors
Wu, Wu‐Chung; Dai, You‐De; Jack Liu, Hsiou‐Hsiang - In: International Journal of Culture, Tourism and … 6 (2012) 1, pp. 54-69
Purpose – Data collection from inbound tourists is a repetitive activity. This paper's main purpose is to show that, unless something useful about the nature of change is being established, repetitious collection of data from, for example, inbound visitors results in ineffective accumulation...
Persistent link: https://www.econbiz.de/10014768323
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Internal control effectiveness – a clustering approach
Länsiluoto, Aapo; Jokipii, Annukka; Eklund, Tomas - In: Managerial Auditing Journal 31 (2016) 1, pp. 5-34
Purpose – This study aims to examine and visualize the adopted internal control structure and effectiveness in firms and present a typology of firms. Control structure and effectiveness are measured based on the assessment of management, rather than using reported material weaknesses as most...
Persistent link: https://www.econbiz.de/10014930123
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Consumption Mobility in the United States: Evidence from Two Panel Data Sets
Fisher, Jonathan D; Johnson, David S - In: Topics in Economic Analysis & Policy 6 (2006) 1
Abstract This paper examines inequality and mobility using measures of income and consumption. Consumption is claimed ….S. data use income.This paper uses cohort data from the Consumer Expenditure Surveys on total consumption to impute … consumption in the Panel Study of Income Dynamics. Then, we use this imputed consumption and actual income from the PSID to …
Persistent link: https://www.econbiz.de/10014587573
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Nonexponential Discounting: A Direct Test And Perhaps A New Puzzle
Startz, Richard; Tsang, Kwok Ping - In: The B.E. Journal of Macroeconomics 12 (2012) 1
to make a significant difference in consumption choices over long horizons. Our results can be viewed as providing …
Persistent link: https://www.econbiz.de/10014588077