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"Case-study analysis shows that long-lasting social–ecological systems have institutional arrangements regulating where, when, and how to appropriate resources instead of how much. Those cases testify to the importance of the fit between ecological and institutional dynamics. Experiments are...
Persistent link: https://www.econbiz.de/10009468313
existing theoretical literature on innovation and entrepreneurship. It summarizes some of the main findings of the effect of … various means of protecting intellectual property on the innovation incentives and the level of entrepreneurship activity. A … resulting prediction is that perfect protection leads to higher innovation incentives. This is puzzling in light of the …
Persistent link: https://www.econbiz.de/10009475469
foreign goods. The third essay examines the key forces driving innovation among entrepreneurs of ICT (information and … entrepreneurs to show empirically their relevance in explaining Schumpeterian innovation in the Indian software industry. This study … not only looks at the impact of years of schooling on innovation, but also the types of education received by an …
Persistent link: https://www.econbiz.de/10009464064
Leistungsbilanzdefizite sowie der Entwicklung des realen Wechselkurses, während den anderen Faktoren mit Ausnahme des Zustands des … letzterer wird noch deutlicher, sofern zusätzlich die Entwicklung des realen Wechselkurses vor Krisenausbruch berücksichtigt …
Persistent link: https://www.econbiz.de/10009448912
imbalance inevitably results in a currency crisis. Altogether, this theory argues with a disrupted external balance on the … for the stability of fixed exchange rate systems, in exchange rate theory as well as in empirical observations. Altogether … country, the real effective exchange rate and a risk premium.Applying this theory framework, four constellations are discussed …
Persistent link: https://www.econbiz.de/10009433694
This paper argues that the recen Southeast Asian currency crisis was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculativ attack...
Persistent link: https://www.econbiz.de/10009475593
This thesis analyzes certain aspects of the current account balance and its relationship to economic growth. Employing recently developed statistical and econometric techniques for estimation of non linear models, crises phenomena connected to the balance of payments are focused. The analysis of...
Persistent link: https://www.econbiz.de/10009428990
Economics
Persistent link: https://www.econbiz.de/10009432011
The purpose of this paper is to analyze the contagious currency crisis, which is characterized by regional nature. As the changing of the economic circumstances in one country does affect on the other country’s economy, it is important to analyze some direct and indirect effects. The currency...
Persistent link: https://www.econbiz.de/10012064039
After the collapse of the Bretton Woods system, developing countries, including Georgia, experienced several currency crises followed by severe recessions and deteriorated macroeconomic stability. This creates incentives for policymakers to predict currency crises in a timely manner, and avoid...
Persistent link: https://www.econbiz.de/10012522059