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Although repeat purchases dominate overall sales of consumer durables, diffusion of innovations research has paid them far less attention than new product adoptions. A large survey of 8,077 households allowed a detailed investigation of the differences between households in terms of their repeat...
Persistent link: https://www.econbiz.de/10009429027
The Makov-Switching Multifractal Model(MSM) is a new model for the time series of retuns in finance. It can generate various degree of long range dependence in different powers of returns. We extend this model with trinomial - and dronomial specification. Generalized method of moment(GMM) and...
Persistent link: https://www.econbiz.de/10009429028
Globalization has entered a new stage, with new and varying constellations of winners and losers and thus, calls for a new policy paradigm. In contrast to the traditional way of thinking - the welfare state redistributes purchasing power to the disadvantaged to support them in the event of...
Persistent link: https://www.econbiz.de/10009429029
This thesis investigates the role of exchange rate in a small open economy policy framework. Focusing the analysis on the crisis-hit East-Asian countries, the main objective of this thesis is to investigate the necessity of the monetary authority to concern about the exchange rate stability by...
Persistent link: https://www.econbiz.de/10009429030
Services Trade has become important in modern economies today, but is hardly investigated in the international economics literature. We provide an empirical firm level analysis of German firms trading producer services. Similarly to trade in Goods, we find that trading firms are quite...
Persistent link: https://www.econbiz.de/10009429031
The major goal of this thesis is to contribute answering the question how changes in economic actions affect the climate and at the same time, how do changes in the climate affect the economy. This thesis consists of three parts. In the first part (Chapter 2) we stress the role of the oceans as...
Persistent link: https://www.econbiz.de/10009429038
In Chapters 1 to 4 we adopt a principal components analysis (PCA) to reduce the dimensionality of the term structure and employ autoregressive (AR) models to forecast principal components which, in turn, are used to forecast swap rates. Arguing in favour of structural variation, we propose...
Persistent link: https://www.econbiz.de/10009429039
This dissertation explores different perspectives on the growth trajectory of companies spun off from publicly funded research. It is composed of four papers, of which the first one provides an overview of the environment for spin-offs in Canada, and the three remaining papers present...
Persistent link: https://www.econbiz.de/10009429041
The WTO has not been able to recover since the collapse of the Doha Round in July 2008. Several ministerial conferences … to reform the WTO in 2018 and 2019. This book argues that the Trump Administration reform proposals have been much more … the proposals and called for the WTO to be development-oriented and inclusive. This book provides a critical analysis of …
Persistent link: https://www.econbiz.de/10012429727
Persistent link: https://www.econbiz.de/10012433847