We investigate the association between business strategy and firm-level tournament incentives in China find that is associated with positively. further this positive relationship manifests itself local, but not central, state-owned enterprises (SOEs). In addition, we also offer some evidence foreign institutional investors play a moderating role on incentives. Our study fills gap existing liter...

This paper explains why the overall stance of monetary policy is effected by both interest rates and the exchange rate, and hence why a Monetary Conditions Indicator can provide useful information about the stance of policy. Three output gap equations estimated in this paper reveal that the real interest rate and the real exchange rate both affect excess demand but that the real interest rate i...

We examine the nonlinear one-step forward-looking model, in which the current state is a function of the (subjective) expected value of a nonlinear function of the state next period. Stationary Markov Sunspot Equilibria (SSEs) are known to exist near an indeterminate steady state, i.e. when the derivative of the function at the steady state is bigger than one in absolute value. We show that the...

Disability and Multi-State Labour Force Choices with State Dependence I use a dynamic mixed multinomial logit model with unobserved heterogeneity to study the impact of work limiting disabilities on disaggregated labour choices. The first seven waves of the Household Income and Labour Dynamics in Australia survey are used to investigate this relationship. Findings point out to strong state depe...

i n the past decades, the effect of different tax amendments on various economic issues has been studied. the majority of these studies have avoided considering shadow economy as part of the calculation and analysis, and an issue, which has received little attention, is the relationship between green tax reforms and shadow economy, as for informal labor, which is well-connected to unemployment ...

abstract research and development (r&d;) spending plays a major role in innovation, raising productivity and increasing economic growth. the purpose of this paper is to investigate the impact of r&d; spending on growth and total factor productivity (tfp) in iran's agricultural sector. we estimate growth and productivity models using auto-regressive distributed lag (ardl) approach and data over ...

Streptococcus pyogenes strains were genotyped by a combination of molecular methods for high- resolution epidemiologic studies of disease outbreaks. Polymerase chain reaction-restriction fragment length polymorphism (PCR-RFLP) analysis of the emm gene is reported. Alone or in conjunction with other molecular techniques (16S ribotyping, pulsed-field gel electrophoresis, and detection of exotoxin...

The article aimed at research of various scientific approaches to «marketing» concept essence defining, defines the main functions and specific characteristics marketing activity. factors influence on activities organization tourism enterprise have been determined in view product complex nature interdisciplinary nature. impact external internal that prevent effective development industry realiz...

This paper uses Propensity Score Matching to investigate the causal effect of breastfeeding on children’s cognitive development. There is a strong association between breastfeeding and cognitive outcomes; however, it is notoriously difficult to establish whether this is causal, or whether it arises because mothers who breastfeed tend to be those whose children would do better anyway. Using PSM,...

The expansion of welfare-state arrangements is seen as the result of dynamic interaction between market behaviour and political behaviour, often with considerable time lags, sometimes generating either virtuous or vicious circles. Such interaction may also involve induced (endogenous) changes in social norms and political preferences. Moreover, the internationalisation process not only limits t...