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1.
Although many studies indicate that both the level and composition of public spending are significant for economic growth, the results in the empirical literature are mixed. This paper suggests that the country sample selection and expenditure classification are important in explaining these conflicting results. The empirical analysis shows that the link between growth and public spending, especially its core component, is strong only for countries with macroeconomic stability and fast GDP per capita growth dynamics, which are also capable of using public funds for productive purposes. 相似文献
2.
Meltem Caber Tahir Albayrak Türkan İsmayıllı 《Journal of Convention & Event Tourism》2017,18(2):100-117
To be competitive and successful in congress tourism, destinations must learn which congress tourism-related attributes are important and how they perform against their main competitors. This study identifies the importance and performance of destination attributes in Antalya, Turkey, and compares the position of these attributes to those of its main rival in congress tourism, ?stanbul. Importance performance competitor analysis results show that, according to domestic participants, Antalya has to focus on “sight-seeing and cultural attractions” and “outside entertainment.” For international participants, “climate,” “choice of meeting and housing properties,” and “suitability of conference facilities” exhibit higher performance in Antalya than ?stanbul. 相似文献
3.
Cahit Ali Bayraktar Gulsah Hancerliogullari Basak Cetinguc 《Technology Analysis & Strategic Management》2017,29(1):38-52
This paper studies the relationships between competitive strategies, innovation, and firm performance within the context of Turkish manufacturing companies. The data were collected from top management of the firms via Computer Assistant Telephone Interviewing method. One hundred and forty manufacturing firms operating in various sectors including textile, automotive supply, computer and electronics provide the basis for this empirical research. In order to test our model, we employ structural equation modelling using partial least squares. The results show that competitive strategies such as cost-leadership and differentiation can lead to innovation, which, in turn, increase firm performance. Managers implement cost-leadership and differentiation strategies to take part in competitive market conditions; however, they should put additional importance on innovation that plays a significant role as a bridge between competitive strategies and firm performance. 相似文献
4.
We reveal an interesting convex duality relationship between two problems: (a) minimizing the probability of lifetime ruin
when the rate of consumption is stochastic and the individual can invest in a Black–Scholes financial market; (b) a controller-and-stopper
problem, in which the controller controls the drift and volatility of a process in order to maximize a running reward based
on that process, and the stopper chooses the time to stop the running reward and pays the controller a final amount at that
time. Our primary goal is to show that the minimal probability of ruin, whose stochastic representation does not have a classical
form as does the utility maximization problem (i.e., the objective’s dependence on the initial values of the state variables
is implicit), is the unique classical solution of its Hamilton–Jacobi–Bellman (HJB) equation, which is a non-linear boundary-value
problem. We establish our goal by exploiting the convex duality relationship between (a) and (b). 相似文献
5.
We construct a sequence of functions that uniformly converge (on compact sets) to the price of an Asian option, which is written on a stock whose dynamics follow a jump diffusion. The convergence is exponentially fast. We show that each element in this sequence is the unique classical solution of a parabolic partial differential equation (not an integro‐differential equation). As a result we obtain a fast numerical approximation scheme whose accuracy versus speed characteristics can be controlled. We analyze the performance of our numerical algorithm on several examples. 相似文献
6.
Mark J. Arnold Kristy E. Reynolds Michael A. Jones Meltem Tugut Colin B. Gabler 《心理学和销售学》2014,31(11):958-975
Previous research indicates that consumers differ in their evaluation of and response to similar retail experiences. Reporting results from three studies, the current research proposes consumers’ regulatory focus intensity as one possible source of this variation. Study 1 examines how consumers’ regulatory focus intensity influences their in‐store behavioral intentions following good and bad shopping experiences. Study 2 illustrates how consumers’ regulatory focus intensity impacts their future loyalty intentions after satisfactory retail experiences. In Study 3, the researchers explore how retailers can employ regulatory framing in their communication messages to increase the future loyalty intentions of those chronically less loyal consumers. Lastly, theoretical and managerial implications as well as limitations of this research are discussed. 相似文献
7.
We consider a framework for solving optimal liquidation problems in limit order books. In particular, order arrivals are modeled as a point process whose intensity depends on the liquidation price. We set up a stochastic control problem in which the goal is to maximize the expected revenue from liquidating the entire position held. We solve this optimal liquidation problem for power‐law and exponential‐decay order book models explicitly and discuss several extensions. We also consider the continuous selling (or fluid) limit when the trading units are ever smaller and the intensity is ever larger. This limit provides an analytical approximation to the value function and the optimal solution. Using techniques from viscosity solutions we show that the discrete state problem and its optimal solution converge to the corresponding quantities in the continuous selling limit uniformly on compacts. 相似文献
8.
Meltem Müftüler-Bac 《Futures》1999,31(6):281
This paper analyzes the Cyprus conflict from a realist perspective based on the assumption that it has implications for regional and global security. At the end of the millennium, the UN negotiations for Cyprus have been resumed, the USA has become more actively involved and the European Union has decided to open accession negotiations with Greek Cypriots. The paper proposes first that the futures of Cyprus are going to be determined by the strategic interests of the actors involved and, second, that unification of the island is becoming a more distant possibility. 相似文献
9.
This paper studies the effects on registered employment and number of registered establishments of two employment subsidy schemes in Turkey. We implement a difference-in-differences methodology to construct appropriate counterfactuals for the covered provinces. Our findings suggest that both subsidy programs did lead to significant net increases in registered jobs in eligible provinces (5%–13% for the first program and 11%–15% for the second). However, the cost of the actual job creation was high because of substantial deadweight losses, particularly for the first program (47% and 78%). Because of better design features, the second subsidy program had lower, though still significant, deadweight losses (27%–46%). Although constrained by data availability, the evidence suggests that the dominant effect of subsidies was to increase social security registration of firms and workers rather than boosting total employment and economic activity. This supports the theory that in countries with weak enforcement institutions, high labor taxes on low-wage workers may lead to substantial incentives for firms and workers to operate informally. 相似文献
10.
The objective of this research was to investigate the family life of employed women from different occupational statuses (white collar, blue collar and professionals) on their work efficiency. The data were obtained from a survey of 300 randomly selected women who work in various offices, universities and factories in Ankara. The findings suggest that women in better conditions (high education, profession, etc.) experienced less negative spillover. 相似文献