Economics Commons^™

Demand And Innovation In European Industries, Mario Pianta, Francesco Crespi

Mario Pianta

After the decade-old debate between demand-pull and technology-push perspectives, demand seems to have fallen out of fashion. In this paper two models are proposed on the determinants of general innovative activities and on the market impact of product innovations. The models combine the supply and demand engines of innovation, and qualify the type of innovative efforts, distinguishing between those oriented towards cost reductions or towards technological competitiveness. The models are tested at the industry level for 22 manufacturing sectors and 17 services sectors in six European countries. The results show that efforts at technological competitiveness, product oriented strategies and the …

Commercio Con L'Estero E Tecnologia In Italia Negli Anni Cinquanta E Sessanta, Mario Pianta, Matteo Gamellini

Mario Pianta

Il commercio con l’estero ha svolto un ruolo centrale nello sviluppo economico italiano del secondo dopoguerra. Il rapido aumento dell’export ha contribuito all’accelerazione dei tassi di crescita dell’economia, ha stimolato le attività tecnologiche, ha disegnato l’orientamento della struttura produttiva italiana e la sua collocazione sui mercati europei e internazionali. La crescita impetuosa delle importazioni ha permesso l’acquisizione dall’estero di conoscenze e beni essenziali per il paese. Negli anni Cinquanta e Sessanta l’Italia assume le caratteristiche di un’economia aperta, segnata dall’importanza della domanda estera e della competitività internazionale: si delineano in questo periodo aspetti destinati a diventare una caratteristica permanente dell’economia …

Industria, Mario Pianta

Mario Pianta

Le trasformazioni dell'economia hanno al centro il ruolo dell'industria, che nei primi anni del 21° secolo è stata caratterizzata da processi di innovazione tecnologica, di internazionalizzazione della produzione e di diffusione delle attività industriali in numerosi Paesi in via di sviluppo. Nei Paesi più avanzati e in Italia tali processi hanno portato a una concentrazione del controllo di produzioni svolte su scala internazionale, a una forte crescita delle attività finanziarie, a una progressiva deindustrializzazione, con il calo dell'occupazione nel settore e la crescita del peso dei servizi.

Global Justice Movements. The Transnational Dimension, Mario Pianta, Raffaele Marchetti

Mario Pianta

No abstract provided.

Proposal Power And Majority Rule In Multilateral Bargaining With Costly Recognition, Huseyin Yildirim

Huseyin Yildirim

No abstract provided.

Comercio Y Trabajo: Asimetrias En El Gobierno Global, Mario Pianta

Mario Pianta

No abstract provided.

Does Willingness To Pay For Green Energy Differ By Source?, Allison M. Borchers, Joshua M. Duke, George R. Parsons

George Parsons

Saving, Investment And Capital Mobility In African Countries, John Thornton, Olumuyiwa S. Adedeji

John Thornton

Recently developed panel co-integration techniques are applied to data for six African countries to test the Feldstein–Horioka approach to measuring capital mobility. The results suggest three conclusions: savings and investment in panel data are non-stationary series and they are co-integrated; capital was relatively mobile in the African countries during 1970–2000, with estimated savings–retention ratios of 0.73 (FMOLS), 0.45 (DOLS), 0.51 (DOLS with heterogeneity) and 0.39 (DOLS with cross-sectional dependence effects); and there was a marked drop in the savings–retention ratio from 1970–85 to 1986–2000. The results could be interpreted as indicating that capital mobility in African countries has increased, reflecting …

The Relationship Between Inflation And Inflation Uncertainty In Emerging Market Economies, John Thornton

John Thornton

A standard Generalized Autoregressive Conditional Heteroskedastic (q,v) model is employed to construct a measure of monthly intlation uncertainty in 12 emerging market economies, and the relationship between inflation and inflation uncertainty is examined using Granger causality tests. The results suggest that higher inflation rates increased inflation uncertainty in all the economies, providing strong support for the Friedman hypothesis. The evidence on the effect of inflation uncertainty on average monthly inflation is more mixed, with increased inflation uncertainty leading to lower average inflation in Colombia. Israel. Mexico, and Turkey, consistent with the Holland hypothesis, but to higher average intlation in Hungary. …

Fiscal Decentralization And Economic Growth Reconsidered, John Thornton

John Thornton

Recent studies examining the relation between fiscal decentralization and economic growth have failed to take account of the extent of the independent taxing powers available to sub-national governments and thus have substantially overstated the degree of effective decentralization. Results from a cross section study of 19 OECD member countries suggest that when the measure of fiscal decentralization is limited to the revenues over which sub-national governments have full autonomy, its impact on economic growth is not statistically significant.

The Translation Of Some Metaphorical Expressions In Shakespeare's Hamlet, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Countervailing Duties, Kathy Baylis

Kathy Baylis

No abstract provided.

Economics Of Plea Bargaining, Richard Adelstein

Richard Adelstein

A short summary of earlier work for a sociological audience.

Hurst Exponents, Power Laws, And Efficiency In The Brazilian Foreign Exchange Market, Sergio Da Silva, Raul Matsushita, Iram Gleria, Annibal Figueiredo

Sergio Da Silva

We find evidence of weak informational efficiency in the Brazilian daily foreign exchange market using Hurst exponents, which offer an alternative (from statistical physics) to traditional econometric gauges. We show that a trend toward efficiency has been reverted since the crisis of 1999. We also find power laws in means, volatilities, the Hurst exponents, autocorrelation times, and complexity indices of returns for varying time lags.

Large Sharpening Intertemporal Prospect Theory, Pushpa Rathie, Carlos Radavelli, Sergio Da Silva

Sergio Da Silva

Prospect theory of risky choices has been extended to encompass intertemporal choices. Presentation of intertemporal prospect theory suffers from minor mistakes, however. To clarify the theory we restate it and show further mistakes in current presentations of value and discount functions.

A View Of The Dutch Ipo Cathedral, Peter B. Oh

Peter B. Oh

This is the Keynote Address for “IPOs and the Internet Age: The Case for Updated Regulations,” a symposium held at The Ohio State University Michael E. Moritz College of Law. Initial public offerings (“IPOs”) are an exercise in asymmetrical valuation. One mechanism for bridging these asymmetries is a private financial intermediary to conduct price discovery by meeting with preferred investors. An alternate mechanism is an auction, such as a descending-bid or Dutch procedure, to conduct price discovery by soliciting bids from all prospective investors. Recent disenchantment with the relationship between issuers and intermediaries has prompted some to hail (online) auction-based …