Correction to: Real options theory in international business

Test of Real Business Cycle Theory in Iran's economy

This paper tests the importance of real shocks as sources of fluctuations in iran’s economy. For this purpose, based on the work of Boschen and Mills, a set of non-monetary variables which can affect economic growth have been selected and by using an illustrative business cycle model in which the production depends on the past and current value of real shocks, the influence 01’ these variables ...

Theory in international business

International business has existed as a distinct field of study for the past three decades, but it does not have a widely accepted explanatory theory on which to base its uniqueness as a discipline. David Ricardo's theory of comparative advantage, Raymond Vernon's product life cycle, John Dunning's eclectic theory and all others are essentially explanations of business between domestic firms or...

Real Business Cycles Theory

Research on economic fluctuations has progressed rapidly since Robert Lucas revived the profession’s interest in business cycle theory. Business cycle theory is the theory of the nature and causes of economic fluctuations The new Classical paradigm tried to account for the existence of cycles in perfectly competitive economies with rational expectations. It emphasized the role of imperfect info...

The Internalization Theory in International Business

International Business Networks: Theory and History

One of the key features in the evolution of international business during the 20th century has been an increasing tendency for such economic activity to be co-ordinated directly through the activities of multinational firms rather than by means of market exchange. The identification of transactions costs as a barrier to the effective use of the price mechanism for co-ordinating international bu...