This paper examines (i) the relationship between the credit constraints faced by a firm and the unit value prices of its exports, as well as (ii) the relationship between the export prices of a firm and its productivity. The paper extends Melitz's (2003) model of trade with heterogeneous firms...

Under continual innovation, greater patent strength expands innovating firms’ profit against imitation, but also shifts profit from current to past innovators. We show how the impact of patents on innovation, as determined by these two opposing effects, varies with industry characteristics....

Over the last decade or more micro price studies have proliferated. In this paper a survey of this literature reveals alternative theoretical explanations of sticky prices: (a) sellers review and change prices only at predetermined intervals (except under extraordinary circumstances), so that...

This paper uses a unique micro data set of price records underlying the Barbados retail price index between 1994 and 2008 to provide a detailed assessment of consumer price rigidity. The major aim is to calculate price durations and the patterns of price-setting across sectors. We also check...

Waste management capacity plays a prominent role in complying with circular economy goals, such as reducing municipal waste disposal by landfilling to 10%. We first analyze the imbalance in municipal solid waste management across Italy by estimating the quantities of waste to be treated using...

The paper presents an empirical analysis of the innovative activities of business groups in Latin America. It compares the innovativeness of group-affiliated firms (GAFs) and standalone firms (SAFs), and it investigates how country-specific institutional factors – financial, legal, and labor...

The purpose of this study is to examine the validity of the CAPM in the capital markets of the Pakistan. The study used daily stock returns of the top 20 companies listed on the KSE (the main equity market in Pakistan) from 16th December 2008 to 26th February 2010. The market 100 index is used...

China’s reform of state-owned enterprises (SOEs) has achieved notably through 30 years of reforms while the performance of SOEs is still low. Basing on a summing-up of reforms of SOEs the paper gives an evaluation of economic theories affecting China’s reform of SOEs. Focuses in different...

The purpose of this study was to substantiate the consumption styles of adolescents as customer. The study was executed in Karachi, Pakistan by applying consumption style inventory scale. The data covered of 1,048 respondents who are young and educated mostly students, which belong to the...

In this paper the characteristics of the global ICT (Information and Communication Technologies) Industry has been provided. There have been specified the most significant processes shaping ICT, in the context of three major dimensions: market, technological and economic. The sources and the...