Showing 1 - 10 of 13
The aim of this paper is to complement the existing literature on horizontal mergers, by setting a Cournot mixed oligopoly model. Specifically, the merger paradox is qualified by proving that a merger could be profitable for the merging firms even if it does not include most market firms....
Persistent link: https://www.econbiz.de/10009959077
Taking as a reference a model in which there are a public firm, a national private firm and a foreign private one, it is analyzed both mergers sustainability and their relative effects on welfare. It is proved that the merger between the public firm and either the national or the international...
Persistent link: https://www.econbiz.de/10010049047
The objective of this paper is assess the financial performance of disinvested central public sector enterprises (PSEs) in India on the basis of several dimensions on pre and post disinvestment bases over the life span of more than two decades (i.e. 1986-87 to 2009-10); financial performance has...
Persistent link: https://www.econbiz.de/10010009101
This study investigated the relationship between financial development and economic growth for Ireland for the period … 1965-2007 using a vector error correction model (VECM). Questions were raised whether financial development causes economic … growth or reversely taking into account the positive effect of industrial production index. Financial market development is …
Persistent link: https://www.econbiz.de/10009958049
growth. -- economic growth and development ; savings ; investments ; financial institutions … economic development of the Republic of Azerbaijan. Currently, the national economic growth is mostly based on the resource … components; crude oil, natural gas and oil products. For the development of the non-oil sector the mobilization of domestic …
Persistent link: https://www.econbiz.de/10009958056
Both services and mining industries gained relatively more importance in the structural changes occurring, particularly in recent years, where the rate of structural change has increased. The study aims at defragmenting the mining and services industries, and analyses their impacts on structural...
Persistent link: https://www.econbiz.de/10009958077
The aim of this paper is to explore whether postmaterialism explains differences in Total entrepreneurial-activity rates across Spanish Autonomous Communities. A distinction is made between potential entrepreneurs, nascent entrepreneurship, new business formation and Established business, as...
Persistent link: https://www.econbiz.de/10009958335
Can limited government be a driving force of economic development? This idea goes back to Montesquieu, and is closely … index, and economic development with income per capita, the paper first does a causality test to see whether political … limited government has been conducive to economic development over the long run. -- limited government ; political constraints …
Persistent link: https://www.econbiz.de/10009959079
promotes economic development in Cyprus. However, deficit financing by the government causes more liquidity effects but also … that stimulates aggregate demand and to focus more on development expenditure which stimulates aggregate supply and … increases real output level. -- economic development ; co-integration ; Granger causality ; deficit financing …
Persistent link: https://www.econbiz.de/10010097637
economic development has drawn some controversies and debates during the past 20 years in the area of development economics …
Persistent link: https://www.econbiz.de/10010097675