We investigate whether the role of national currencies as international reserves was fundamentally altered by the shift from fixed to flexible exchange rates (what we call the “upheaval hypothesis”), a view that gained adherents following the collapse of the Bretton Woods System. We extend...

Since 1990, the farmer cooperative landscape has experienced a significant structural shift. Steep consolidation, elevated competition, and surging commodity prices have elevated the need for co-ops to be mindful of their cost structure and efficiencies. To test for this structural shift, this...

Dieser Beitrag verwendet ein Multiplikatives Wettbewerbsinteraktionsmodell (MCI - Multiplicative Competitive Interaction), eine bekannte Analysemethode in der Marketingforschung, um Änderungen der Farmspezialisierungen im Laufe der Zeit zu erklären. Die Farmspezialisierungsänderungen sind als...

Despite a growing literature on the integration of energy and agriculture, few have rigorously examined structural changes in the evolution of related energy and agricultural prices. Motivated by strong comovement and increasing volatility of energy and agricultural prices, we examine dynamic...

This paper demonstrates that EU-27 meat exports underwent structural changes following the discovery of bovine spongiform encephalopathy (BSE) in the United States (2003) and highly pathogenic avian influenza (HPAI) outbreaks in the European Union (2006). The two diseases caused short-term...

This paper explores the role of knowledge flows and TFP growth by using direct survey data on knowledge flows linked to firm-level TFP growth data. Our knowledge flow data correspond to the kind of information flows often argued, especially by policy-makers, as important, such as within the...

Human capital is identified as one of the main determinants of economic growth and plays an important role in the technological progress of countries. Nevertheless, existing studies have to some extent neglected the importance of human capital on growth via the interaction it can have with a...

It is widely known that structural break tests based on the long-run variance estimator, which is estimated under the alternative, suffer from serious size distortion when the errors are serially correlated. In this paper, we propose bias-corrected tests for a shift in mean by correcting the...

The distance and time of home-workplace commuter journeys of more than 700,000 workers in the Moscow region have been determined by GIS techniques using data from the year 2001. This has allowed visualization of commuting patterns in the Moscow region in the framework of a geospatial approach...