Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European qualifications framework (EQF) and has supported its further implementation, working alongside with the of national authorities and stakeholders to introduce...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European qualifications framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside with the of national authorities and stakeholders to introduce...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside with the of national authorities and stakeholders to introduce...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European qualifications framework (EQF) and has supported its further implementation, working alongside with the of national authorities and stakeholders to introduce...

The Spanish qualifications framework for lifelong learning (Marco Español de Cualificaciones, MECU) was adopted in 2022 as a royal decree. In 2024, it was referenced to the EQF. It is structured into eight levels and includes all levels and types of formal education and training. It is in the...

The Norwegian NQF for lifelong learning (Nasjonalt kvalifikasjonsrammeverk for livslang læring NKR) was referenced to the EQF in 2014, alongside its self-certification to the qualifications frameworks in the European higher education area (QF-EHEA). It is structured into seven levels and...

Adopted in 2012, the Bulgarian qualifications framework for lifelong learning (BQF - Национална квалификационна рамка за учене през целия живот - НКР) is a comprehensive, eight-level framework with an additional preparatory level 0. It...

Intercompany profits in inventory transactions are profits arising from the sale and purchase of goods between companies that are members of one entity or group of companies. In intercompany profits in inventory transactions, it is important to observe applicable accounting principles and to...

Foreign M&A affects inventory adjustment of manufacturing enterprises through improving their production efficiency and expanding the market scale. To further analyze the impact and its mechanism, this study adopts a large scale, firm-level dataset from the Annual Survey of Industrial Firms...

This paper investigates the impact of financial constraints on firms' inventory holdings, an area of significant interest given that inventories are volatile over the business cycle. I use detailed data on Swedish firms' balance sheets, income statements, and credit scores. I employ a regression...

This paper is an attempt to derive empirically testable hypotheses regarding the principal determinants of firms' decisions on production, price, and finished goods inventory. The general approach to the problem is that many of the same factors which affect the optimal value for one variable...

More central dealers earn a premium over peripheral dealers in many types of markets. Possible explanations involve bargaining power, compensation for supplying liquidity, and faster execution speed. We investigate the sources of this premium in the over-the-counter market for corporate bonds....

This paper investigates the impact of financial constraints on firms' inventory holdings, an area of significant interest given that inventories are volatile over the business cycle. I use detailed data on Swedish firms' balance sheets, income statements, and credit scores. I employ a regression...

The report offers both a new and comparative methodology for measuring backlogs and pendency, as well as empirical findings on the relationship between application stocks and examination pendency in the UK and the US. Understanding these relationships is critical for better evidence based policy...

Recent empirical and theoretical research on business inventories is surveyed and critically evaluated. While most inventory research has had macroeconomic motivations, we focus on its microtheoretic basis and on potential conflicts between theory and evidence. The paper asks two principal...

This paper develops an oligopoly model in which firms first choose capacity and then compete in prices in a series of advance-purchase markets. We show that when the elasticity of demand falls across periods, strong competitive forces prevent firms from utilizing intertemporal price...

The idea that wages rise relative to alternatives as job seniority accumulates is the foundation of the theory of specific human capital, as well as other widely accepted theories of compensation. The fact that persons with longer job tenures typically earn higher wages tends to support these...

Inventories are of historical importance to describing business cycles and production volatility. While research in inventories is relatively mature, the growing attention to global value chains and commodity shortages in recent quarters warrants a return and critical reassessment of inventories...

The commercialization of silicon as an anode material for lithium-ion batteries has been largely impeded by its severe volume changes during cell operation, causing continuous loss of Li inventory. As such, it is vital to understand and quantify the sources of capacity fade in order to design...

We document that firms without strong corporate cultures hold excess inventory to mitigate the operational risk compared to their peers with strong corporate cultures. Further analyses reveal that firms balance the costs and benefits of excess inventory holdings. Weak corporate culture values...

This paper illustrates how fluctuations in aggregate economic activity can result from many small, independent shocks to individual sectors. The effects of the small independent shocks fail to cancel in the aggregate due to the presence of two non-standard assumptions: local interaction between...

We examine two measures of monthly manufacturing production. The first is the index of industrial production; the second is constructed from the accounting identity that output equals sales plus the change in inventories. We show that the means, variances, and serial correlation coefficients of...

This paper examines micro data on U.S. firms' inventories during different macroeconomic episodes. Much of the analysis focuses on the 1981-82 recession, a recession that was apparently precipitated by tight monetary policy. We find important cross-sectional effects in this period: firms that...

Manufacturers' finished goods inventories move less than shipments over the business cycle. We argue that this requires marginal cost to be more procyclical than is conventionally measured. We construct, for six manufacturing industries, alternative measures of marginal cost that attribute...

The production smoothing model of inventory behavior has a long and venerable history, and theoretical foundations which seem very strong. Yet certain overwhelming facts seem not only to defy explanation within the production smoothing framework, but actually to argue that the basic idea of...

Empirical evidence has long shown that output varies more in the short-run than do all factor inputs, including employment and hours worked. There is also evidence that all factors, including capital, start adjusting within a few months, suggesting that production models should treat all...

Econometric aspects of recent research on inventory models are surveyed. The discussion emphasizes issues relevant to instrumental variables estimation of a first order condition of the Holt et al. (1960) linear quadratic inventory model, including choice of instruments, covariance matrix...

Monthly data in physical units for seven industries are used to examine the production smoothing hypothesis. The results strongly support this hypothesis. Significant effects of expected future sales on current production are found for four industries, and the estimated decision equations for...

This paper presents a structural model of production and inventory accumulation based on the hypothesis of cost minimization. It differs from previous attempts in several respects. First, it integrates the analysis of input inventories with output inventories, treating the two stocks separately....

This paper develops and applies a novel test of the Holt, et al.(1961) linear quadratic inventory model. It is shown that a central property of the model is that a certain weighted sum of variances and covariances of production, sales and inventories must be nonnegative. The weights are the...

Casual examination of annual postwar data on inventories and aggregate output for seven developed countries -- Canada, France, West Germany, Italy, Japan, United Kingdom, United States -- suggests that in these countries the primary function of aggregate inventories is not to smooth aggregate...