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1.
The trade associated with international production networks – supply‐chain trade for short – is associated with some of the most momentous global economic changes in the last 100 years. It has transformative implications for the world economy. This paper presents a portrait of the global pattern of supply‐chain trade and how it has evolved since 1995. 相似文献
2.
《Metroeconomica》2018,69(2):444-472
In this paper, we examine the effect of sectoral interactions on business cycles in a simple Keynesian model. As a first step for introducing viewpoints of multiple sectors in the context of business cycles, we consider a dual economy in which there are only two kinds of goods: the consumption good and the investment good. By examining a two‐sector Keynesian model, we intend to take a look at some phenomena induced by interactions between the consumption good sector and the investment good sector, which cannot be observed in one‐sector models. We then find that the stability of equilibrium and the possibility of emergence of a periodic orbit depend on whether the Keynesian stability condition holds or not and that along periodic orbits (business cycles), the consumption good sector lags behind the investment good sector and that the volatility (measured by the ratio of the amplitude of cycles to the equilibrium value) of the investment sector is larger than that of the consumption good sector. Also, we supplement the analysis by performing numerical simulations. 相似文献
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Pedro Leão 《Metroeconomica》2013,64(3):448-465
According to the standard approach to the issue of public debt sustainability, fiscal austerity is the route that many countries must currently follow to reduce their debt‐to‐GDP ratios back to sustainable paths. We challenge this conventional wisdom and argue that, below full employment, an increase in government spending may paradoxically reduce the debt‐to‐GDP ratio. This claim is particularly relevant today because with Central Bank interest rates near zero there is no alternative to fiscal policy, and the only argument against increasing government expenditure as a way to fight unemployment is its supposed negative effect on the state of public finances. 相似文献
5.
Despite recent and perhaps myopic criticisms of archival data with regard to supporting causal theoretical claims, it would be folly to disregard the exploratory and grounded theory development potential that these substantial, rich, and timely archives hold. The question then becomes one of how academics might tap into such archives. This paper considers this issue from a pragmatic perspective, drawing on the experiences of various academics with extensive experience in constructing data‐access relationships with industry. With the support of scholars who published their work using corporate archival data in leading academic journals, we suggest a phenomenon‐driven approach paralleled with the traditional literature‐driven approach in academic studies. This paper highlights best practices, pitfalls, and future opportunities, with the aim of serving as a guide for intrepid scholars interested in capitalizing on contemporary big data initiatives supported at many firms. 相似文献
6.
Casper Claudi Rasmussen Silja Korhonen‐Sande 《Journal of Small Business Management》2018,56(4):601-617
This paper examines the influence of board composition on growth intentions of high‐growth firms. We hypothesize that gender diversity and a high proportion of independent directors on the board will reduce a firm's growth intentions, whereas founder duality will increase a firm's growth intentions. Using survey data from 773 high‐growth Norwegian firms, we find that gender diversity has a negative effect on growth intentions. A high proportion of independent directors do not facilitate further growth in high‐growth firms. Furthermore, our results indicate that the founder's presence in the decision‐making group increases a firm's growth intentions. 相似文献
7.
When significant government action is needed and sought, as in the current financial crisis and weak economy, it is easy to
forget the underlying market principles that have made the U.S. economy the strongest in the world. Adherence to these principles
is the surest path to continued economic growth and stability over the long run. Of particular importance are policies that
allow flexibility in labor markets; free movement of capital, unimpeded by excessive regulation; tax rates that minimize disincentives
for the development of human and physical capital; and liberalization of international flows of goods, services, and capital.
Regarding the current credit crisis, its effect on the real economy has been amplified by falling asset prices and high oil
prices. Policy will be continuously evolving, but the $700 billion stabilization package is an important step.
Presented at the National Association for Business Economics 50th Annual Meeting, Washington, D.C., October 7, 2008 相似文献
8.
Christopher Garroway Burcu Hacibedel Helmut Reisen Edouard Turkisch 《The World Economy》2012,35(3):273-294
Discussions on how best to exit from global imbalances to create a more balanced world economy have ignored the impact on poor countries of proposals to redress these imbalances. This paper aims at filling that gap. It gauges the degree of renminbi (RMB) undervaluation; presents evidence on RMB undervaluation and China’s GDP growth rate; surveys the role of the real effective exchange rate – both its level and its stability over time – for underpinning growth in developing countries, especially in large dual economies such as China and India; and finally, presents new evidence on growth linkages between China and poor countries for the last two decades and surveys literature on potential displacement effects of RMB appreciation. The analysis allows broad conclusions to be drawn about the potential developing‐country beneficiaries and losers from various renminbi adjustment scenarios in the forthcoming years. 相似文献
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Arslan Razmi 《Metroeconomica》2015,66(4):740-770
Neo‐Kaleckian literature has actively debated whether growth is wage‐ or profit‐led in capitalist economies. However, existing studies tend to ignore the non‐tradable sector and heterogeneity within the tradable sector. This article shows that incorporating these features renders wage‐led growth in an open developing economy unfeasible in the traditional (Kaleckian) sense of the term. This result—which follows even if one sets aside the competitiveness considerations generally seen as impeding such growth—occurs due to the presence of a homogeneous goods‐producing tradable sector that sets the ceiling to steady‐state growth. A corollary, in light of findings from the ‘new new trade theory’ literature, is that increasing South‐South trade may tend to narrow room for wage‐led growth regardless of the other desirable effects of higher wages. 相似文献
11.
Yanfeng Zheng 《Journal of Small Business Management》2013,51(4):508-524
This study aims to answer why some employees choose to start their own ventures, whereas others choose to seek jobs in other organizations after leaving their current employment. Drawing insights from knowledge‐based view and social capital theory, we examine the impact of on‐the‐job embeddedness on the decision of employee entrepreneurship, industry choice, and new venture growth. We argue that on‐the‐job embeddedness provides key resources for employees to start new ventures and grow them. We test our hypotheses with Panel Study of Entrepreneurial Dynamics (PSED) data. Our results show that on‐the‐job embeddedness increases the probability of employees becoming entrepreneurs. Once they decide to become entrepreneurs, those employees with high on‐the‐job embeddedness are more likely to start new ventures in the industry in which they worked before. Moreover, employees' on‐the‐job embeddedness has a positive impact on new venture growth. 相似文献
12.
Bari L. Bendell Diane M. Sullivan Matthew R. Marvel 《Journal of Small Business Management》2019,57(1):110-130
We apply a gender‐aware framework to examine the self‐leadership strategies men and women early stage high‐growth entrepreneurs employ as they develop innovations. Utilizing a matched‐pair sample of early stage entrepreneurs operating firms in high‐technology business incubators, our results suggest that female and male entrepreneurs have significantly different self‐goal‐setting and self‐cueing behaviors. Results also suggest male entrepreneurs who use stronger goal‐setting behaviors increase their intellectual property development to a greater extent than female founders. Further, for female entrepreneurs who use greater self‐cueing, the negative relationship realized with intellectual property development is lower than for male entrepreneurs. 相似文献
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Sylvester C. W. Eijffinger 《Intereconomics》2005,40(3):141-147
In March 2005, the Council of Economics and Finance Ministers (Ecofin) presented
its own suggestions for a possible Stability and Growth Pact (SGP) reform in a Report
to the European Council. The Council Report divides its proposals into three parts,
namely improving governance, strengthening the preventive arm and improving the
implementation of the Excessive Deficit Procedure (EDP). The present paper contains a
critical analysis of the ideas contained in the Report, accompanied by comparisons of
the suggestions with earlier proposals for reform in the literature and the Commission
Communication of September 2004.
*Professor of European Financial Economics and Jean Monnet Professor of European Financial and Monetary Integration, CentER, Tilburg University, The Netherlands; Research Fellow, CEPR, London, UK; Member of the Panel of Experts of the Committee on Economic and Monetary Affairs of the European Parliament to which the article was first presented as a Briefing Paper in May 2005. 相似文献
*Professor of European Financial Economics and Jean Monnet Professor of European Financial and Monetary Integration, CentER, Tilburg University, The Netherlands; Research Fellow, CEPR, London, UK; Member of the Panel of Experts of the Committee on Economic and Monetary Affairs of the European Parliament to which the article was first presented as a Briefing Paper in May 2005. 相似文献
15.
East and South‐East Asia will face major demographic changes over the next few decades with many countries’ labour forces starting to decline, while others experience higher labour force growth as populations and/or participation rates increase. A well‐managed labour migration strategy presents itself as a mechanism for ameliorating the impending labour shortages in some East Asia–Pacific countries, while providing an opportunity for other countries with excess labour to provide migrant workers who will contribute to the development of the home country through greater remittance flows. This paper examines such migration policy options using a global dynamic economic simulation approach and finds that allowing migrants to respond to the major demographic changes occurring in Asia over the next 50 years would be beneficial to most economies in the region in terms of real incomes and real GDP over the 2007–50 period. Such a policy could deeply affect the net migration position of a country. Countries that were net recipients under current migration policies might become net senders under the more liberal policy regime. 相似文献
16.
With entrepreneurial and innovation ecosystems appearing in geographic pockets around the world in diverse places and pockets of growth, the call for an entrepreneur‐driven innovation ecosystem (EDIE) in Europe is long overdue. Change remains a constant, and traditional industries and mature markets in Europe have left a vacuum in the path to economic growth. The need for a new model is immediate. If Europe is to find itself providing competitive leadership in the global business environment, a new philosophy is necessary to move forward in the twenty‐first century. This is the thinking behind the imperative for an EDIE in Europe, which is presented in this article as a result of a long established effort to awaken a European response to an increasingly contracting environment. © 2015 Wiley Periodicals, Inc. 相似文献
17.
The effect of formalization in high‐growth firms' performance is still unclear. We propose that formal commitment‐based human resource practices contribute positively to the financial performance of established high‐growth firms but have little effect on emergent ones. Using a sample of 101 Portuguese high‐growth firms (2006–2009 period), we tested the effect of formal HR practices during the high‐growth period in their financial results two years later (2011). Our results suggest that adopting a formal performance appraisal and a formal R&D function contributed positively for the performance of only established firms, while adopting a formal training activity negatively affected the performance of only emergent firms. 相似文献
18.
Factors Influencing Growth Potential of E‐Commerce in Emerging Economies: An Institution‐Based N‐OLI Framework and Research Propositions
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Given the tremendous success of the Internet and e‐commerce in developed countries, emerging economies are quickly embracing information technology as well. The purpose of this study is to examine factors (both determinants and deterrents) influencing the growth potential of e‐commerce in emerging economies from a multitheoretical perspective (namely, institution‐based network‐ownership, location, and internalization, i.e., i‐based N‐OLI framework). Factors are identified at three levels. At the global level, we identify multilateral agreements, strategic behavior of multinational enterprises (MNEs), and technological innovation as the key factors. At the national level, institutional environment, infrastructure, and culture are identified. The transactional level examines the role of integrity of transactions, online intermediaries, and network externalities and value clustering as the key factors for growth of e‐commerce in emerging economies. Based on the multitheoretical framework, the study advances several propositions and highlights implications for MNEs, both from developed markets and emerging markets, operating in emerging economies. © 2015 Wiley Periodicals, Inc. 相似文献
19.
Richard A. Devine Gonzalo Molina‐Sieiro R. Michael Holmes Siri A. Terjesen 《Journal of Small Business Management》2019,57(1):81-109
We integrate research on upper echelons theory, the resource‐based view, and gender to explore conditions that facilitate high growth for female‐led firms. We argue that female entrepreneurs have certain advantages that help them leverage their firms’ human and financial capital to achieve high growth. In support, using a sample of U.S.‐based entrepreneurial firms, we found evidence that having a female lead entrepreneur positively moderated the positive relationships between indicators of firms’ human and financial capital and high growth. The findings have implications for programs, policies, and practices to encourage more high growth in firms with female lead entrepreneurs. 相似文献
20.
Hiroki Murakami 《Metroeconomica》2019,70(3):384-404
In this paper, we explore the existence and “uniqueness” of a limit cycle in the Keynesian theory. In a model with the simplest (linear) Keynesian consumption function and the logistic investment function based upon the profit principle, we establish the existence of a periodic orbit (irrespective of the speed of quantity adjustment) and, with the help of the theory on generalized Liénard systems, verify the uniqueness of it for the case in which the speed of quantity adjustment is large enough. 相似文献