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Does European economic integration create more inequality between domestic regions, or is the opposite true? We show that a general answer to this question does not exist, and that the outcome depends on the liberalisation scenario. In order to examine the impact of European and international...
Persistent link: https://www.econbiz.de/10011430823
In this paper, we analyze the demographic and economic consequences of endogenous migrations flows over the coming decades in a multi-regions overlapping generations general equilibrium model (INGENUE 2) in which the world is divided in ten regions. Our analysis offers a global perspective on...
Persistent link: https://www.econbiz.de/10011430833
The paper shows that the standing of theory in the field of mergers and acquisitions is weak for at least three reasons …. Research is best described as a battlefield of ad hoc theory testing leaving behind a fragmented field. Research has focused … growth). The deficiencies in the standing of theory will be reflected in weak institutions to handle the political processes …
Persistent link: https://www.econbiz.de/10011430846
The impact of innovation on firm performance has been a matter of significant interest to economists and policy makers for decades. Although innovation is generally regarded as a means of improving the competitiveness of firms and their performance on domestic and foreign markets, this...
Persistent link: https://www.econbiz.de/10011430855
Persistent link: https://www.econbiz.de/10011435032
This paper deals with the regularity problem in the Almost Ideal Demand System (AIDS) in terms of the boundedness of the budget shares within the [0,1] interval. The violation of "cointegration accounting" can be seen just as another consequence of irregularity. The discussion of modifications...
Persistent link: https://www.econbiz.de/10011435040
Foreign Direct Investment (FDI) is not only a transfer of capital, but a complex bundle of capital and firm-specific assets like production and management know-how. In particular, the transfer of production know-how improves overall productivity of FDI-receiving firms and to some extent also...
Persistent link: https://www.econbiz.de/10011435044
Statistical cluster techniques are applied in the development of two new taxonomies of manufacturing industries. The first focuses on the distinction between exogenous, location dependent comparative cost advantages, such as the relative abundance of capital or labour, and endogenously created...
Persistent link: https://www.econbiz.de/10011435047
Persistent link: https://www.econbiz.de/10011435052
We present a model that describes the labor supply decision of individuals under transaction costs and job-related amenities. The model indicates that individuals will respond to regional differences in wages net of transaction costs and accept higher jobamenities as compensation for low wages....
Persistent link: https://www.econbiz.de/10011435053