Search results for "PET"
showing 10 items of 12749 documents
Will Basel II Affect International Capital Flows To Emerging Markets?
2004
This paper investigates the consequences of Basel II for international capital flows to emerging markets. The paper shows that the magnitude of effects critically depends on a number of assumptions, including: the mapping of risk weights to ratings, assumptions about required return on capital, assumptions about competition and diversion effects and the assumption that minimum capital requirements are binding constraints. The paper provides evidence on each of these assumptions and estimates their effect on interest margins and bank flows.Overall the results suggest that Basel II - taking into account the "Potential Modifications" of November 2001 - will have only a moderate impact on inter…
Ranking Lists and European Framework Programmes
2011
The operational context for higher education institutions has become increasingly competitive: universities have to compete on national and international markets for students, staff, funding and prestige. The emergence of various markets, market mechanisms and competition in higher education have become a well-established and much discussed fact, and have shaped the dynamics of the higher education arena (Enders & Jongbloed 2007; Texeira et al. 2004) In a global competition of knowledge societies, higher education institutions have been vested with the task of economic and social change, and are expected to contribute to the competitiveness of nationstates as well as their local communities.
COMPLEMENTARITY BETWEEN LOCAL KNOWLEDGE AND INTERNATIONALIZATION IN REGIONAL TECHNOLOGICAL PROGRESS
2006
Trade, foreign direct investment, and inter-regional R&D spillovers facilitate competition, the spread of knowledge, and the adoption of more advanced technologies, which in turn hastens total factor productivity (TFP) growth. The spread of these efficiency gains from internationalization requires a sufficient local knowledge to enable them to be adapted to the domestic productive environment. Thus, higher local knowledge and internationalization will lead to TFP growth, and the greater the complementarity between variables the higher the TFP growth. We test the complementarity hypothesis using Spanish regional data over the period 1980–1995 in which both regional local knowledge and intern…
The Impact of the Productivity Dispersion Across Employers on the Labor's Income Share
2016
In the present paper, I study the distribution of income across the factors of production within the canonical on-the-job search framework. I show that, by weakening the competition between employers, a mean-preserving spread of the employers' productivity distribution decreases the share of the production output that the workers receive. This result is particularly intriguing in light of the rising productivity dispersion and the declining labor share in many countries.
Variation and change in English resultative constructions
2010
AbstractThe system of English resultative constructions is in a state of flux characterized by variation between two of its most prominent competitors,way-constructions as inShe worked herwayto the topand reflexive structures as inShe worked herselfto the top.Although this competition has occasionally been addressed in the literature (cf. Jackendoff, 1990:213; Kirchner, 1951:158; Salkoff, 1988:54ff.), the present findings reveal that the long-standing rivalry between these structures has resulted in an increased use of theway-construction at the expense of reflexive structures. In addition, the coexistence ofway-constructions with semantically overlapping reflexive structures eventually cul…
University Mergers in Finland: Mediating Global Competition
2014
University mergers have become a common strategy for increasing global competitiveness. In this chapter, the authors analyze the implementation of mergers in Finnish universities from the perspective of social justice as conceived within Finland and other Nordic countries.
Market Must Be Defended: The Role of Counter-Espionage Policy in Maximizing Domestic Market Welfare
2020
Countering economic espionage is becoming one of the priorities of the governments of advanced economies. The present paper takes a step forward in the theoretical analysis of the interaction between economic espionage and counter-espionage by focusing on the case of a market opened to international trade. This analysis represents a first approximation to an inquiry into the rationale for the influence of the market level of competition on the dynamics of such interaction. The results suggest that this influence is complex in the case of the effort exerted in economic espionage and the characteristics of market demand play an important role in it. In the case of the counter-espionage policy…
R&D Competition, Cooperation, and Microeconomic Policies
2016
This chapter aims to contribute to the better understanding of R&D by scholars and practitioners. It includes a first section where the concept of innovation is defined and its public good nature and cumulative dimension are analysed. Next, the incentives that firms have to undertake R&D to attain a competitive edge upon rivals are considered. This entails the consideration of both ex ante and ex post incentives to undertake R&D. Since innovation is costly and derives important external effects, cooperation in R&D activities is prominent in several industries where firms enter into research joint ventures, or form research networks. The effect of cooperation is that, under s…
Empirical Evidence on the Relationship between Mobile Termination Rates and Firms' Profits
2015
The theoretical literature on mobile termination rates (MTRs) is inconclusive on how the level of MTRs affects overall consumer charges and firms' profits. We show that when firms offer bundles with fixed included usage – a tariff structure that has become more common in recent years – an identical change in all MTRs does not affect firms' retail prices or profits. We use a panel dataset from saturated European markets to estimate the effect of MTRs on mobile operators' profits. As predicted by the theoretical model, we cannot reject the fact that firms' profits are unaffected by an identical change in all MTRs.
Contests with size effects
2006
In this paper we analyze the structure of contest equilibria with a variable number of individuals. First we analyze a situation where the total prize depends on the number of agents and where every single agent faces opportunity costs of investing in the contest. Second we analyze a situation where the agents face a trade-off between productive and appropriative investments. Here, the number of agents may also influence the productivity of productive investments. It turns out that both types of contests may lead to opposing results concerning the optimal number of individuals depending on the strength of size effects. Whereas in the former case individual utility is u-shaped when the numbe…