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External Audit of Public Finance in Function of Macroeconomic Stability

Ljubisavljević, Snežana - 2018

The generally accepted view is that to achieve macroeconomic stability and sustainable economic growth, good management of public finance is necessary. The concept of external audit of public finance, as a subject of research in this paper, is analyzed as an integral element of public financial...

Persistent link: https://www.econbiz.de/10012908208

Given B. De Finetti’s Conclusion that 'Probability (Objective) Does not Exist', Then Rational Expectations Does not Exist Either

Brady, Michael Emmett - 2018

existing theory of probability that supports the claims made by rational expectationists. There is no right(wrong), correct … theory of probability. Likewise, all objective theories of probability deny the existence of subjective probability …

Persistent link: https://www.econbiz.de/10012908227

Momentum, Reversal, and the Firm Fundamental Cycle

Han, Yufeng - 2018

We link momentum and long-run return reversal to the cyclic behavior of firm fundamentals, which are represented by a fundamental index that summarizes succinctly and efficiently a broad range of business activities at firm level. In responding to repeated unanticipated positive (negative)...

Persistent link: https://www.econbiz.de/10012908230

Structural Economic Dynamics, Markups, Real Wicksell Effects, and the Reverse Substitution of Labor

Vienneau, Robert L. - 2018

This article presents an example in which perturbations in relative markups and technical progress result in variations in characteristics of the labor market. Around a switch point with a positive real Wicksell effect, a higher wage is associated with firms wanting to employ more labor per unit...

Persistent link: https://www.econbiz.de/10012908232

Measurement of Innovation : Where Do We Stand?

Artige, Lionel - 2018

Innovation is widely considered as the main determinant of long-term economic growth. Despite this consensus, it is arduous to measure its economic effect at the firm and aggregate level. The objective of the present paper is to propose a critical examination of innovation indicators and...

Persistent link: https://www.econbiz.de/10012908238

Integrated Model of Traceability

Zoroja, Jovana - 2018

In last few years, the problem of food safety is becoming bigger while consumers' awareness regarding social responsibility in production, distribution and consumption of food is growing. The main goal for food enterprises is to provide food traceability. This paper focus on traceability systems...

Persistent link: https://www.econbiz.de/10012908242

A Jump Model for Credit Default Swaps with Hierarchical Clustering

Zeitsch, Peter - 2018

The return time series of Credit Default Swaps (CDS) display possibly the highest excess kurtosis and skewness of any asset class in capital markets. Capturing this requires a departure from classical modelling techniques. Here, the premise is that CDS prices jump and those jumps cluster....

Persistent link: https://www.econbiz.de/10012908244

The Impact of Foreign Aid on Aggregate Welfare Measures : A Panel Data Analysis

Alves, José - 2018

Does foreign aid enhance aggregate human welfare? This paper attempts to answer this question by using a panel of twenty-eight countries, covering the period from 1990 to 2014. It explores intra country variation by splitting the sample into low-income and middle-income countries. Combined with...

Persistent link: https://www.econbiz.de/10012908253

Comparison of Multivariate Statistical Analysis and Machine Learning Methods in Retailing : Research Framework Proposition

Ćorić, Ivica - 2018

The aim of this paper is comparison of multivariate statistical analysis and machine learning methods based on the model used for the measurement of current and forecasting of the future customer profitability. Modern customer profitability analysis shows that customer-company relationship is...

Persistent link: https://www.econbiz.de/10012908260

Plenary Lecture : Knowledge Management or Knowledge-Cum-Values-Management?

Mulej, Matjaz - 2018

formulation of his 'Dialectical Systems Theory' in a Slovenian article in 1974 and in his best-seller book 'Creative Work and the … Dialectical Systems Theory' in 1979 (in Slovenian). His co-authored English book 'Dialectical Systems Thinking and the Law of … Dialectical Systems Theory, and their impact over the human capacity to generate inventions and innovations in a socially …

Persistent link: https://www.econbiz.de/10012908268