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Monthly economic indicators are used for a variety of purposes, from studying business cycles to determining economic policy and making informed business decisions. China’s published monthly industrial output statistics could hardly be more confusing, with changes in variables, in coverage, in...
Persistent link: https://www.econbiz.de/10011260760
Monthly economic indicators are used for a variety of purposes, from studying business cycles to determining economic policy and making informed business decisions. China’s published monthly industrial output statistics could hardly be more confusing, with changes in variables, in coverage, in...
Persistent link: https://www.econbiz.de/10015235393
China has become a popular geographic area of research. Researchers make extensive use of Chinese official statistics, but these statistics are often not well understood. This article first clarifies three major issues that affect a wide range of Chinese statistics—from output and employment...
Persistent link: https://www.econbiz.de/10015235394
This study finds that the growth in labour costs in China is not passed through fully to final prices in China, neither in the tradable goods sector nor in the economy as a whole. This probably reflects the strong pressure on profit margins from a highly competitive environment, especially in...
Persistent link: https://www.econbiz.de/10010849800
In explaining economic phenomena, economic analysis concentrates on selected influences and fixes the host of other factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first part of the book. Aggregation is viewed as a particular...
Persistent link: https://www.econbiz.de/10005518224
Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages. While there are numerous research articles studying annuities from a...
Persistent link: https://www.econbiz.de/10005518226
Even 50 years after Modigliani/Miller’s irrelevance theorem, the basic question of how firms choose their capital structure remains unclear. This survey paper aims at summarizing and discussing corresponding recent developments in empirical capital structure research, which, in our view, are...
Persistent link: https://www.econbiz.de/10005518227
There has been a wide-spread misconception based on the imprecise wording of Art. 52 of the European Patent Convention (EPC) that the protection of business methods by patents is prohibited in Europe. This paper investigates the legal framework set by patent laws with respect to the...
Persistent link: https://www.econbiz.de/10005518228
Ein Großteil der Neugründungen in Deutschland ist auf staatliche Förderung von Existenzgründern zurückzuführen. Dieser Anteil hat sich nach Einführung des als „Ich-AG“ bekannten Existenzgründungszuschusses Anfang 2003 stark erhöht. Die Erfolgsfaktorenforschung hat diese Form von...
Persistent link: https://www.econbiz.de/10005518229
In 2003, Swiss Re introduced a mortality-based security designed to hedge excessive mortality changes for its life book of business. The concern was apparently brevity risk, i.e., the risk of premature death. The brevity risk due to a pandemic is similar to the property risk associated with...
Persistent link: https://www.econbiz.de/10005518231