Search results for "Economy"

Financial distress and real economic activity in Lithuania: a Granger causality test based on mixed-frequency VAR

2020

In this paper, we extend the monthly financial stress index for Lithuania, computed by the European Central Bank, to a daily frequency and we also include banking sector stress among its constituents, beyond bond, equity and foreign exchange markets. We investigate the causal relationship between the daily financial stress index and monthly industrial production growth, using a Granger causality test applied to a mixed-frequency VAR. Our results suggest evidence of Granger causality from financial stress to industrial production growth once the index is enriched by daily observations from the financial markets. Our findings, based on impulse response analysis, confirm the negative effect of…

The shadow economy in three Mediterranean countries: France, Spain and Greece. A MIMIC approach

2007

This paper offers estimations of the evolution of the shadow economy in three Mediterranean countries, namely France, Spain and Greece. A multiple indicators and multiple causes model based on the latent variable structural theory has been applied. As established by Giles (Working paper on monitoring the health of the tax system, 1995), filtered data to solve the non-stationary problems are used. The model includes the tax burden (both as a whole and disaggregated into direct taxes, indirect taxes and social security contributions), a proxy of regulation burden, theu nemployment rate and self-employment as causes of the shadow economy and the GDP growth rate, the labour force participation …

Jubilación parcial y contrato de relevo: regulación y prospectiva

2022

En el marco de la “sociedad del bienestar” los Estados deben procurar acomodar la transición hacia la jubilación proveyendo a sus ciudadanos de vías efectivas, diversas y adaptadas a sus condiciones e intereses. Así pues, ante una “economía del conocimiento” donde las competencias profesionales de los recursos humanos de un país u organización adquieren un valor estratégico en términos de competitividad, resulta pertinente analizar el régimen jurídico de la jubilación parcial y del contrato de relevo.Respecto de dichas instituciones, en este trabajo se discuten sus distintas finalidades, incidiendo en su viabilidad y utilidad como fórmula adecuada al fin de transmitir bidireccionalmente las…

Productivity change of the Spanish Port System: impact of the economic crisis

2016

The main goal of this study was to assess the impact of the economic crisis on the productivity growth of the Spanish Port System (SPS). The Malmquist Productivity Index (MPI) was estimated for the 28 Port Authorities of the SPS, for a 'non-crisis period' (2005-2008) and a 'crisis period' (2008-2011). From a policy perspective, the MPI is a very useful approach for assessing the productivity change because it can be decomposed into the catching-up index and the frontier productivity index. The results showed that the economic crisis did not impact all of the Spanish Port Authorities equally. Some Port Authorities presented higher productivity growth during the crisis period than in the non-…

Long term capacity decisions in uncertain markets for advanced manufacturing systems incorporating scope economies

2002

Abstract By examining the literature in the field of manufacturing flexibility many researchers have located several form of flexibility by distinguishing them into strategic and operational flexibility forms. Furthermore, many measures and design methods have been proposed for flexible manufacturing systems. Surely scope economies are one of the most important strategic form of flexibility in manufacturing systems and their strategic impact has been acknowledged by the very beginning of the flexible manufacturing era. However, despite several researches are available to address scope economies measurement and design methodologies, very few researches investigate their economic convenience …

Varietes of capitalism, corporata governance mechanisms, and stakeholder engagement: An overview of coordinated and liberal market economies

2019

This is the pre-peer reviewed version of the following article: Varieties of capitalism, corporate governance mechanisms, and stakeholder engagement: An overview of coordinated and liberal market economies, which has been published in final form at https://doi.org/10.1002/csr.1840. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This paper examines those aspects of national institutions that affect corporate governance mechanisms at international level. The study uses the “varieties of capitalism” approach, which is concerned with the way companies interact strategically to solve the coordination problems …

The logic of pressure groups and the structure of the public sector

1987

Union structure and incentives for innovation

2002

Abstract In this paper, we consider the effect of union structure on the adoption of innovation in the context of Cournot duopoly. With a market size large enough, we show that the incentive to innovate is higher under a decentralized union structure (with each firm facing its own independent union) than under an industry-wide union. However, for a small market size (or, equivalently, for sufficiently drastic potential innovation), the new technology is more likely to be adopted in the presence of a centralized union. This result goes against the conventional view that unionization harms the incentive to innovate.

Explaining the Formation Rates of Post-Communist Interest Organizations: Density Dependence and Political Opportunity Structure

2020

This article presents an analysis of the formation of organized interest groups in the post-communist context and organizational populations over time. We test two theories that shed doubt on whether vital rates of interest groups are explained by individual incentives, namely, the political opportunity structure and population ecology theory. Based on an analysis of the energy policy and higher education policy organizations active at the national level in Hungary, Poland, and Slovenia, we find that while the period of democratic and economic transition indeed opened up the opportunity structure for organizational formations, it by no means presented a clean slate. Communist-era successor…

Testing a hierarchical and integrated model of quality in the service sector: functional, relational, and tangible dimensions

2009

Prior research has revealed limitations of the dominant SERVQUAL model of service quality. Some authors have pointed out the SERVQUAL model somewhat neglects the tangible and relational facets of quality in the service sector, and, therefore, there is a need to obtain a comprehensive and adaptable structure of quality for different types of services. Consequently, we propose and test a hierarchical and integrated model of service quality, hypothesising the existence of three second-order dimensions: functional quality (describing the efficiency with which the service core is provided); tangibles (the quality of physical service environment); and relational quality (relational or emotional b…