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volatility of the real exchange rate. In addition, the sensitivity analysis shows that our model can rationalize more than 97% of … both persistence and volatility of the real exchange rate. Our analysis suggests that the purchasing price parity puzzle …
Persistent link: https://www.econbiz.de/10009365409
price shocks that influenced both the level and volatility of the real exchange rate over the past three decades. The …
Persistent link: https://www.econbiz.de/10014372411
We review the literature on multi-horizon currency risk premiums. We show how the multi-horizon implications arise from the classic present-value relationship. We further show how these implications manifest themselves in the interaction between bond and currency risk premiums. This link is...
Persistent link: https://www.econbiz.de/10014322805
Throughout Pakistans history, policy has sought to promote exports through government support and incentives. The …, over the long run, the export financing scheme had a negative effect on exports while the rebate/refund scheme affected … exports insignificantly. Subsidy schemes clearly do not seem to work, yet they have been retained for many years. …
Persistent link: https://www.econbiz.de/10009363429
This study examines the relationship between ownership structures in large European companies and their innovative activity in terms of R&D spending. The analysis is performed on a sample of 324 large innovative companies over 8 years. Contrary to the view that institutional investors can have a...
Persistent link: https://www.econbiz.de/10010820798
This paper explores the “black box†of innovation in the electronics production network in East Asia through a … foreign ownership and innovation in increasing the probability of exporting in electronics. Higher levels of skills, managersâ … of innovation than the research and development (R&D) to sales ratio. Accordingly, technological effort in electronics in …
Persistent link: https://www.econbiz.de/10011277999
innovation was important, there has been little research on opening up the black box of technology at firm-level in the PRC. This … paper undertakes econometric analysis of innovation, learning, and exporting in automobiles and electronics firms in the PRC … using a large-scale dataset to identify the most appropriate innovation proxy. Drawing on recent literature on innovation …
Persistent link: https://www.econbiz.de/10011278008
This paper explores the “black box†of innovation in the electronics production network in East Asia through a … foreign ownership and innovation in increasing the probability of exporting in electronics. Higher levels of skills, managersâ … of innovation than the research and development (R&D) to sales ratio. Accordingly, technological effort in electronics in …
Persistent link: https://www.econbiz.de/10011278060
innovation was important, there has been little research on opening up the black box of technology at firm-level in the PRC. This … paper undertakes econometric analysis of innovation, learning, and exporting in automobiles and electronics firms in the PRC … using a large-scale dataset to identify the most appropriate innovation proxy. Drawing on recent literature on innovation …
Persistent link: https://www.econbiz.de/10011278092
innovation was important, there has been little research on opening up the black box of technology at firm-level in the PRC. This … paper undertakes econometric analysis of innovation, learning, and exporting in automobiles and electronics firms in the PRC … using a large-scale dataset to identify the most appropriate innovation proxy. Drawing on recent literature on innovation …
Persistent link: https://www.econbiz.de/10011278245