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The sector business services contributes directly and indirectly to aggregate economic growth in Europe. The direct … contribution comes from the sector’s own dynamism. Though the business-services industry appears to be characterised by strong … cyclical volatility, there was also a strong structural growth. Business services actually generated more than half of total …
Persistent link: https://www.econbiz.de/10010741242
This paper is the first to explicitly explore the differences in firms' financial constraints between and within sectors of economic activity, by estimating the sensitivities of cash holdings to cash-flow upon an unique dataset of Portuguese firms. It shows that, not only there are remarkable...
Persistent link: https://www.econbiz.de/10008678002
The sector business services contributes directly and indirectly to aggregate economic growth in Europe. The direct … contribution comes from the sector’s own dynamism. Though the business-services industry appears to be characterised by strong … cyclical volatility, there was also a strong structural growth. Business services actually generated more than half of total …
Persistent link: https://www.econbiz.de/10005790451
In this essay we evaluate the impact of the revolution that has occurred in antitrust and in particular the growing role played by economic analysis. Section II describes exactly what we think that revolution was. There were actually two revolutions. The first was the use by economists and other...
Persistent link: https://www.econbiz.de/10012827145
This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...
Persistent link: https://www.econbiz.de/10012829706
National economy and security are fully dependent on information technology and infrastructure. At the core of the information infrastructure society relies on, we have the Internet, a system designed initially as a scientists’ forum for unclassified research. The use of communication networks...
Persistent link: https://www.econbiz.de/10014185980
This essay reports the findings of a comprehensive study of product-liability conflicts cases decided by American courts from 1990 to 2004. One of the findings is that choice-of-law methodology plays a less significant role in the courts' choice of the governing law than other factors, such as...
Persistent link: https://www.econbiz.de/10014054399
from both horizontal and vertical spillovers, manufacturing industries do not experience significant positive entry …
Persistent link: https://www.econbiz.de/10014059246
In attempts to attract foreign investment many developing countries find export processing zones (EPZs) appealing. Namibia, for example, sought to establish an EPZ around the uranium mining town of Arandis. This paper is a critical response to that initiative. It reviews a number of EPZ schemes...
Persistent link: https://www.econbiz.de/10014075424
According to the extant service operations management literature, substantial gains can be achieved for providers that are adept at aligning internal operational capabilities with customer needs. However, the most influential models in the field attempt to explain this alignment without regard...
Persistent link: https://www.econbiz.de/10014038316