The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry in 2003. The paper considers the approach advanced by Mohnen and and Röller [European Economic Review, 2005] that focuses on supermodularity and submodularity tests for...

The paper aims at empirically investigating the relationship between regulation and the capital structure of the regulated firm, A key aspect of the referred relationship pertains a leverage effect according to which debt could be increased as a response to previous physical capital investment...

The paper investigates the validity of Gibrats law in the context of the Brazilian manufacturing industry during the period 1995-97. The referred hypothesis of independence between firm growth and size has as important implications, in the leading formulations, the lognormality of the...

The paper investigates whether expectations data are consistent with nonlinear dynamics possibly involving deterministic chaos. Survey data on exchange rate expectations for four different currencies over one-week and one-month prediction horizons are considered. The evidence indicates that one...

This article further investigated wave behaviours for mergers and acquisitions - M&A in the UK during the 1969Q1/2004Q1 period by means of Markov-Switching models. Previous analysis had focussed on traditional models that incorporate the potentially limiting assumption of constant transition...