Search results for "External"

Cross-border capital flows and information spillovers across the equity and currency markets in emerging economies

2021

This paper presents a novel perspective on the interaction between equity and currency markets in emerging market economies (EMEs) by (i) examining the nonlinear effects of capital flows on return spillovers between the stock and currency markets in a sample of twelve EMEs via the causality-in-quantiles approach of Balcilar et al., (2016), and (ii) providing a comparative analysis of the influence of debt versus equity flows over the spillover patterns. We show that the causal effects of international debt and equity flows on return spillovers across the equity and FX markets are largely concentrated at lower quantiles, suggesting that the arrival of information via capital flows tends to e…

Productivity, R&D Spillovers and Educational Attainment*

2012

Economists have long agreed that the local availability of a more qualified workforce generates significant spillovers. This study suggests that these externalities may arise because plants by having access to a more qualified workforce at a regional level, can benefit more from R&D spillovers than those located in areas with less qualified workforce. This hypothesis is tested on a sample of British establishments drawn from the Annual Business Inquiry over the period 1997–2002. The main results are consistent with our expectations that the regional differences in the industry-level educational attainment of the workforce available to a plant will condition its capability of absorbing R&D s…

Studies on DNA interaction of organotin(IV) complexes of meso-tetra(4-sulfonatophenyl)porphine that show cellular activity.

2016

PubMedID: 27393277 The interaction of the diorgano- and triorganotin(IV) derivatives of meso-tetra-(4-sulfonatophenyl)porphine (Me2Sn)2TPPS, (Bu2Sn)2TPPS, (Me3Sn)4TPPS and (Bu3Sn)4TPPS to natural DNA was analysed (together with free meso-tetra-(4-sulfonatophenyl)porphine (TPPS4 -) for comparison purposes). Particular attention was paid to (Bu3Sn)4TPPS, a species that shows significant cellular action. Preliminary tests were done on the solution properties of the organotin(IV) compounds (pKA and possible self-aggregation). Spectrophotometric and spectrofluorometric experiments showed that all the investigated organotin(IV) derivatives strongly interact with DNA, the binding energy depending …

Shaping the firm's external search strategy

2014

This paper explores the determinants of external knowledge search strategies, specifically, exploitative and exploratory search. The literature emphasizes environmental context and technological resources, especially R&D, as important determinants of the search strategy. In this paper we focus on two types of the firm's formal structure: formalized and decentralized structures. The study uses survey data from the ceramic tile industry in Spain. The results show that a competitive environment and a decentralized organizational structure play a role in shaping the firm's external search strategy, but that R&D has no effect. We find that competition inhibits exploratory search, while a decentr…

Individual Decisions and Perceived Form in Collective Free Improvisation

2015

International audience; This paper proposes a first attempt to study quantitatively Collective Free Improvisation (CFI). We report an experiment designed to study the relationship between the improvisers’ individual high-level decisions and the improvisation’s form perceived by external auditors. We recorded 16 trios in which the improvisers used a MIDI-pedal to indicate in real-time a significant change in their own musical production. Expert listeners were later asked to segment each improvisation so that we obtained their perception of the structure. By analysing the correlations between musicians’ individual decisions and listeners’ segmentation points, we discuss how the improvisation’…

Psychometric properties of the Spanish version of the Temporal Satisfaction with Life Scale (TSLS): A study on elderly attending to university progra…

2015

Several measures have been developed for the operalization of well-being, standing out the Satisfaction With Life Scale (SWLS). To cope with some of its problems the Temporal Satisfaction with Life Scale (TSLS) was developed. The aim of this study is to present and validate the Spanish version of the TSLS, in a sample elderly attending to University programs. The sample was composed of 737 elderly. Together with the TSLS, an indicator of general life satisfaction and the SF-8 Health Scale were used. Analyses included the study of factorial validity, estimations of reliability and external validity. Results of the confirmatory factor analysis were adequate: χ2(87)=454.593 (p<.001), CFI=.9…

2016

Climate change is a major challenge for sustainable development, impacting human health, wellbeing, security, and livelihoods. While the post-2015 development agenda sets out action on climate change as one of the Sustainable Development Goals, there is little provision on how this can be achieved in tandem with the desired economic progress and the required improvements in health and wellbeing. This paper examines synergies and tensions between the goals addressing climate change and economic progress. We identify reductionist approaches in economics, such as ‘externalities’, reliance on the metric of the Gross Domestic Product, positive discount rates, and short-term profit targets as som…

Exploring the feasibility of introducing electric freight vehicles in the short food supply chain: A multi-stakeholder approach

2021

Abstract The transition towards more sustainable approaches in the Food Supply Chain was concretely visible in the implementation of alternative models, like the Short Food Supply Chain. Some authors raise doubts on the environmental impact of this model, in particular for the externalities caused by the transport system, suggesting the adoption of Electric Freight vehicles. By adopting a multi-stakeholder approach, the objective of this study is to explore both the barriers and potentialities involved in the adoption of Electric Freight vehicles in the Short Food Supply Chain, and the existence of a shared strategy at the system level able to foster their adoption. Results suggest that, fo…

PAYMENT FOR ENVIRONMENTAL SERVICES FOR THE SUSTAINABLE DEVELOPMENT OF THE TERRITORY

2014

Over the last years the interest in environmental s ervices provided by forests has considerably grow. This situation, in developed countries, derive from risi ng demand of new goods and services tied to landsca pe use and leisure activities. These can be considered such as no woody products and they represent externalities produced by forest that, if suitably utilized, could produce value for the area and earn ings for people living near forests. From an economic point of view, at the aim of providing these services, it is necessary the introduction of a suitable payment sy stem or, in alternative, a situation in which posit ive externalities of landscape, in sync with other good s/service…

Environmental pollution, sustained growth, and sufficient conditions for sustainable development

2016

Abstract Sustainability and optimality are the two main issues discussed in environmental economics and economic growth theory. This paper studies economic growth in the presence of two environmental externalities. The first one is local and gives account of the marginal damage from the emissions flow. The second one is aggregate, or global, and relates to the extreme damage which may happen if the accumulated stock of pollutants is on the threshold of a worldwide catastrophe. In this context, the decentralized equilibrium is inefficient and economic growth unsustainable. However, we find and completely characterize the socially optimal equilibrium, which shows that sustained growth is feas…