Listar ECO_Articles por fecha de publicación
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Firm profitability and the network of organizational capabilities
Elsevier (2010)A Laplace distribution for firm profit rates (or returns on assets) can be obtained through the sum of many independent shocks if the number of shocks is Poisson distributed. Interpreting this as a linear chain of events, ... -
Testing for complementarity when strategies are dichotomous
Elsevier (2010)We show that it is not possible to extend Arora (1996) reduced form test for the existence of complementarity to evaluate the relationship between a couple of dichotomous strategies as it leads to an incoherent simultaneous ...
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Understanding the WTA-WTP gap: Attitudes, feelings, uncertainty and personality
Elsevier (2010)We present an experiment designed to study the psychological basis for the willingness to accept (WTA)-willingness to pay (WTP) gap. Specifically, we conduct a standard WTA-WTP economic experiment to replicate the gap and ...
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The Driving Forces behind China’s Growth
Wiley (2010)The main objective of this paper is to disentangling the determinants of the Chinese economic growth that occurred from 1965 to 2000. We have explored, first, the time series properties of the growth rates of GDP and labour ... -
Environmental policy instruments: technology adoption incentives with imperfect compliance
Springer Verlag (2010)We study the incentives to adopt advanced abatement technologies in the presence of imperfect compliance. Interestingly, incentives under emission taxes and pollution abatement subsidies are the same that in the perfect ...
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Endogenous credit dynamics as source of business cycles in the EURACE model
Springer Verlag (2010)The paper investigates the relationship between the amount of credit money in the economy and the variability of output and prices in the EURACE model. First we examine if the decision about dividends payment by the firms ...
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The Effect of Technological Innovation on International Trade
Kiel Institute for the World Economy (2010)In this paper, the effect of technological innovation on sectoral exports is analysed using a gravity model of trade. The technological achievement index (TAI) and its four components, creation of technology, diffusion ...
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What distinguishes individual stocks from the index?
Springer-Verlag (2010)Stochastic volatility models decompose the time series of financial returns into the product of a volatility factor and an iid noise factor. Assuming a slow dynamic for the volatility factor, we show via nonparametric tests ...
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The Causal Relationship between Equipment Investment and Infrastructures on Economic Growth in China
Higher Education Press (2010)There is agreement in the literature on economic growth concerning the transitory effects of capital accumulation on the process of economic development. However, controversy arises if this effect is permanent. In this ...
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Interdisciplinary Applications of Physics in Economics and Finance
Springer-Verlag (2010)
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The small core of the German corporate board network
Springer US (2010)We consider the bipartite graph of German corporate boards and identify a small core of directors who are highly central in the entire network while being densely connected among themselves. To identify the core, we compare ...
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Extreme value theory as a theoretical background for power law behavior
Kiel Institute for the World Economy (2010)Power law behavior has been recognized to be a pervasive feature of many phenomena in natural and social sciences. While immense research efforts have been devoted to the analysis of behavioral mechanisms responsible for ...
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Capital social e innovación en los distritos industriales : una aplicación a los casos de la cerámica y del mueble
Comité economic i social de la Comunitat Valenciana (2010)En los últimos años, los investigadores han mostrado un creciente interés en la estruc- tura y fortaleza de las relaciones interpersonales en los sistemas sociales. Las externalidades generadas por la proximidad física han ...
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The stochastic component in choice and regression to the mean
Springer Science+Business Media (2010-06-16)In this article, we illustrate experimentally an important consequence of the stochastic component in choice behaviour which has not been acknowledged so far. Namely, its potential to produce ‘regression to the mean’ ...
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Is the Export-led Growth Hypothesis Enough to Account for China’s Growth?
Wiley-Blackwell (2010-07-13)The purpose of the present paper is to analyze whether the expansion of the Chinese economy is based on an export-led growth effect or, on the contrary, Chinese development between 1964 and 2004 was driven by investment. ...
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Credit money and macroeconomic instability in the agent-based model and simulator Eurace
Kiel Institute for the World Economy (2010-09-24)This paper investigates the interplay between monetary aggregates and the dynamics and variability of output and prices by considering both the money supplied by commercial banks as credit to firms and the fiat money created ...
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El Papel de las agencias de rating en la desestabilización de los mercados financieros en el laboratorio
Generalitat Valenciana. Comité economic i social de la Comunitat Valenciana (2011)Tras la reciente etapa de agitación en los mercados financieros, tanto los académicos como las instituciones reguladoras han iniciado un debate sobre el papel de las agencias de rating en la inestabilidad financiera. Parece ...
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Regional Hub port development : the case of Montevideo, Uruguay
Inderscience (2011)This paper reflects on port development in Uruguay in an environment of trilateral interport competition. The regional characteristics of port development in terms of their geographical, functional and operational ...
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Industrial location, spatial discrete choice models and the need to account for neighbourhood effects
Springer Verlag (2011)This research, following the original contributions of Vichiensan et al. (J East As Soc Trans Stud 6:3789-3802, 2005; Mixed Logit Model Framework with Structuralized Spatial Effects: a Test of Applicability with Area Unit ...
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Determinants of deep integration: examining socio-political factors
Springer Verlag (Germany) (2011)This research has three main aims: firstly, to empirically analyse the determinants of different levels ofintegration by re-examining the evidence presented by Baier and Bergstrand (Journal of International Economics ...
