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Articles 1 - 4 of 4
Full-Text Articles in Other Economics
Banking Sector Reforms And Bank Consolidation: The Turkey Experience., U. M. Ogubunka
Banking Sector Reforms And Bank Consolidation: The Turkey Experience., U. M. Ogubunka
Bullion
Countries reform their banking sectors for a number of reasons, including structural, capitalization and ownership issues. Consequently, the objectives of the reforms can hardly be the same in all countries. This paper is presented on the basis that an overview of the banking reform in the lessons Nigeria could learn from it. The paper is structured into seven sections. the next section following this introduction identifies some of the key features of Turkish banking system pre-reform era of 2001, section three deals on the drivers of banking reform in the country. section four reviews some of the actions taken in …
Methodological Reflections On The Short-Run Johansen Industry Model In Relation To Capacity Management, Kristriaan Kerstens, Dale Squires, Niels Vestergaard
Methodological Reflections On The Short-Run Johansen Industry Model In Relation To Capacity Management, Kristriaan Kerstens, Dale Squires, Niels Vestergaard
Niels Vestergaard
The specification of a convex production technology is a potential issue in estimating firm-level Johansen plant capacity utilisation rates and their subsequent use in the short-run Johansen industry capacity model of the fishery. There are different plant capacity utilisation estimates with convex and nonconvex technologies. When entered as parameters in the short-run Johansen industry model, this leads to different distributions in the activity vectors. With non-convex technology, more vessels remain active in the fleet, and there is no longer an overestimation of the number of decommissioned vessels compared to the use of a convex technology. A second methodological reflection involves …
Fishing Capacity In Europe: Special Issue Introduction, Niels Vestergaard
Fishing Capacity In Europe: Special Issue Introduction, Niels Vestergaard
Niels Vestergaard
No abstract provided.
Sunk Cost And Entry-Exit Decisions Under Individual Transferable Quotas: Why Industry Restructuring Is Delayed, Niels Vestergaard, Frank Jensen, Henning P. Jørgensen
Sunk Cost And Entry-Exit Decisions Under Individual Transferable Quotas: Why Industry Restructuring Is Delayed, Niels Vestergaard, Frank Jensen, Henning P. Jørgensen
Niels Vestergaard
The paper shows that explicit modelling of sunk cost and a firm's entry-exit decision in a traditional deterministic investment model may give an explanation of the slow transition to the optimal fleet structure following the introduction of individual transferable quotas (ITQs). The analysis shows that the annual lease unit price of quota may be in a range where the long-run fieet structure will not be attainable at once. Over time, firms with zero gross investment as optimal behavior may leave the industry as the capital decays and over the transition period the optimal fieet structure prevails.