Search results for " market"
showing 10 items of 2859 documents
THE US DOLLAR, THE EURO, THE JAPANESE YEN AND THE CHINESE YUAN IN THE FOREIGN EXCHANGE MARKET – A COMPARATIVE ANALYSIS
2013
This paper exposes an evaluation of the bilateral exchange rate developments of the US dollar against the euro, the Japanese yen and the Chinese yuan/renminbi and surveys the nominal and real effective exchange rates trends of such currencies over the period 1994-2012. It also briefly reviews the currency composition of the foreign exchange market turnover, pointing out several important features of the evolution of this market after the introduction of the euro.
A framework for explaining distant foreign market entry by small and new ventures
2009
Paper presented at the 36th Academy of International Business (UK and Ireland chapter) Conference (AIB-UKI), Glasgow, UK, April 2-4.2009. peerReviewed
Success factors of game industry crowdfunding campaigns
2017
Tutkimuksen tarkoituksena oli selvittää mitkä ovat pelialan joukkorahoituskampanjoiden menestystekijöitä. Aiempaan joukkorahoitukseen sekä pelialaan keskittyneiden tutkimusten perusteella luotiin teoreettinen malli kuvaamaan tärkeimpiä menestystekijöitä ja niiden suhteita. Tätä mallia testattiin haastattelemalla kolmen eri joukkorahoituskampanjan perustajia. Aiemman teorian sekä haastattelujen perusteella selvisi, että pelialan joukkorahoituskampanjoilla on kuusi selkeää menestystekijää: kampanjan palkkiot, kampanjan tavoitteet, kampanjan sekä tuotteen laatu, projektitiimi, joukkorahoittajien luoma yhteisö sekä suoritetut esivalmistelut. Tutkimustuloksia ja niiden perus…
Tax Reforms and Labour-market Performance: An Evaluation for Spain using REMS
2009
This paper uses REMS, a Rational Expectations Model of the Spanish economy designed by Boscá et al (2007), to analyse the effects of lowering the overall tax wedge to the level prevailing in the US. Our results partially confirm previous findings in the literature: a reduction in the overall tax wedge of 19.5 points, in order to reach the US levels, has a positive effect in the long run, increasing total hours by about 7 per cent and GDP by about 8 percentage points. In terms of GDP per adult, these results account for 1/4 of the gap with respect to the US, but imply a reduction of only one percentage point in the labour productivity gap. The rise in total hours per adult is explained by a …
Tourism Development in UNESCO Natural Heritage Sites: The Case of Sicilian Volcanic Sites: Mount Etna and Aeolian Islands
2017
Local development often depends on tourism, especially in fragile contexts like islands which represent a special cluster and are the best cases to be analyzed in order to highlight positive and negative aspects of economic development driven by tourism. A sustainable development approach should be taken in account and the UNESCO brand plays a fundamental role in this sense. The aim of this paper is to analyze the link between tourism supply and the growth of tourism demand in the case of UNESCO sites through multivariate regression analysis. The results show a correlation between the variables considered. But the actual structure of supply is still built on conventional sea tourism and is …
Geometric Brownian Motion (GBM) of Stock Indexes and Financial Market Uncertainty in the Context of Non-Crisis and Financial Crisis Scenarios
2022
The present article proposes a methodology for modeling the evolution of stock market indexes for 2020 using geometric Brownian motion (GBM), but in which drift and diffusion are determined considering two states of economic conjunctures (states of the economy), i.e., non-crisis and financial crisis. Based on this approach, we have found that the GBM proved to be a suitable model for making forecasts of stock market index values, as it describes quite well their future evolution. However, the model proposed by us, modified geometric Brownian motion (mGBM), brings some contributions that better describe the future evolution of stock indexes. Evidence in this regard was provided by analyzing …
THE GLOCAL STRATEGY OF GLOBAL BRANDS
2010
A few years ago, globalization was the new paradigm in international business, however from a branding perspective it has lost its initial efficiency giving the fact that consumers do not seem to feel a connection anymore with the standardized products of global corporations, catered to them in mass marketing communication programs. With their centralized decision making, most companies simply stopped having a connection with the new global marketplace and neglected its emergence. Hence, the influence of local characteristics arose, and with that a new term that encapsulates the global and the local – glocal. “Glocalization” encourages companies to “think global, act local”, and they could …
The emergence and development of the cryptocurrency as a sign of global financial markets financialisation
2022
The article presents one of the most important, in the author's opinion, manifestations of further intensification of the processes of financialisation of global financial markets, which was the emergence of decentralized digital currencies (so-called cryptocurrencies) based on blockchain technology. Their creation and existence on the global financial market have been widely considered as one of significant effect of the global financial crisis, which symbolic beginning is September 15, 2008, when one of the largest US investment banks Lehman Brothers collapsed. The worldwide COVID-19 pandemic has only highlighted the importance of this effect of financialization. The purpose of the articl…
Exploring 2040 : Global Trends and International Policies Setting Frames for the Finnish Wood-Based Economy
2022
Global trends influence the approaches and mindset for using natural resources and technological capacities. Participatory scenario methods have proven useful in long-term foresight. However, country-level foresight studies often ignore the broader trends affecting international markets and setting frames for economic development. This study envisions which global trends could occur and how the resulting European policies might affect the Finnish forest sector’s development in 2040. We applied a Futures Wheel approach, where stakeholder groups consisting of policy-, economic- and social sustainability-, technology-, and climate sustainability -experts in the field of forestry and interlinki…
La gratuité à un prix !
2008
National audience; Cet article aborde la question des représentations de la gratuité par les publics des musées et des monuments nationaux français. Dans le domaine culturel et dans une perspective individuelle, ces représentations sont liées à celles du prix, de l'argent et du fait de payer. La gratuité est vue comme un prix : elle supprime le coût monétaire lié à la visite mais ne change rien aux autres coûts monétaires et non monétaires dont elle modifie cependant la perception. Elle annule ce que représente le fait de payer l'entrée : visa » d'entrée dans les musées et les monuments, distance créée entre le visiteur et ces lieux, formalisation de l'engagement du visiteur. Enfin, la grat…