Backward linkages of foreign subsidiaries with their local suppliers prove to be one of the main channels of knowledge spillovers via foreign direct investment. This paper analyses the potential of backward linkages of foreign subsidiaries in Slovenia for the transfer of technology and for the...

This paper offers a new method for estimation and forecasting of the volatility of financial time series when the stationarity assumption is violated. Our general, local parametric approach particularly applies to general varying-coefficient parametric models, such as GARCH, whose coefficients...

We analyse the effects of different types and concentration of ownership on performance using a large population of firms in the Czech Republic after mass privatization. Specifications based on first-differences combined with instrumental variables show that the performance effects of different...

This paper analyzes the propagation of monetary policy shocks through the creation of credit in an economy. Models of the monetary transmission mechanism typically feature responses that last for a few quarters contrary to what the empirical evidence suggests. To propagate the impact of monetary...

We consider classification of the realization of a multivariate spatial-temporal Gaussian random field into one of two populations with different regression mean models and factorized covariance matrices. Unknown means and common feature vector covariance matrix are estimated from training...

We present a statistical model for construction and application of standardized load profiles. Standardized load profile curves give a typical natural gas consumption pattern throughout a year in various time resolutions. Our semiparametric regression model uses three types of information,...