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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
The main objective of this paper is to study the relationship between external public debt and equilibrium real exchange rate in developing countries. Using a extension of Obstfeld & Rogoff (1995) model we show that debt overhang tend to appreciate real exchange rate in the long run (Krugman...
Persistent link: https://www.econbiz.de/10010706900
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
based on innovation. Private equity activity is in this regard a better mode of financing innovative enterprises added to …
Persistent link: https://www.econbiz.de/10010861399
correlated to the size of investment of the innovation projects and the level of seniority is positively associated to the most … innovative projects. The seniority of champions explains positively the innovation success, but the hierarchical level has no …
Persistent link: https://www.econbiz.de/10010861514
relates to the type of innovation, the characteristics of the market sector in which they operate, the firms’ characteristics …
Persistent link: https://www.econbiz.de/10010861533
part is dedicated to the definition of an analytical framework for the study of the repositioning of military innovation … within the French system of innovation. The third part focuses on the identification of the modalities allowing the assertion …
Persistent link: https://www.econbiz.de/10010861641
benefit to firms that imitate existing technologies or those that are involved in incremental innovation. On the other hand …
Persistent link: https://www.econbiz.de/10010812472
economic performances? It seems to us that the answer lies in integrating civilian and military innovation structures appealing …
Persistent link: https://www.econbiz.de/10010706493