Spatio-temporal determinants of the structural and productive transformation of regions in Central and East European countries

This paper investigates the determinants of the structural (between-sectoral) and productive (within-sectoral) transformation of 56 NUTS2 regions in Central and East European (CEE) countries over the 2008–2014 period. Over the analysed period, a transformation of the analysed regions has taken place towards the tertiary sector and high value-added activities. The results from a spatial panel Durbin analysis reveal the existence of product-space linkages and point to a productive transformation towards high technology-intensive activities as an important driver of industrial development. Equal access to digital infrastructure in urban and rural areas and transfer of skills, knowledge and resources through the inflow of foreign investment and imports of production inputs increase the contribution of manufacturing to regional employment. The effect of profit tax reductions on the share of manufacturing employment is about five times larger than the effect of government subsidies to production.     

Hungarian Cuisine With Respect to Restaurant Awards and Consumers’ Opinion

After the fall of the Iron Curtain many trends and innovations reached Hungary, and so did gastronomic development. As a result, 2 restaurants in Budapest were awarded a Michelin star. This article aims to track consumers' awareness of these changes. It also explores the nature of Hungarian cuisine. An extract from an interview with Katalin Pintér (Onyx restaurant, Budapest), is also published in the article. The research is based on an analysis of a questionnaire that investigates consumers' attitudes toward new trends in Hungarian gastronomy. The results indicate that there is little interest in the recent gastro-revolution and haute cuisine.     

Examining macroeconomic models through the lens of asset pricing

We develop new methods for representing the asset-pricing implications of stochastic general equilibrium models. We provide asset-pricing counterparts to impulse response functions and the resulting dynamic value decompositions (DVDs). These methods quantify the exposures of macroeconomic cash flows to shocks over alternative investment horizons and the corresponding prices or investors’ compensations. We extend the continuous-time methods developed in Hansen and Scheinkman (2012) and Borovi?ka et al. (2011) by constructing discrete-time, state-dependent, shock-exposure and shock-price elasticities as functions of the investment horizon. Our methods are applicable to economic models that are nonlinear, including models with stochastic volatility.     

Value orientations and consumer expectations of Corporate Social Responsibility

This paper explores how personal and situational factors impact consumer expectations of Corporate Social Responsibility (CSR). Consumer expectations are known to motivate marketers to incorporate social considerations into their marketing practices and to communicate about those actions. A study was conducted in order to examine the effect of values and issue involvement on consumer CSR expectations, categorised as economic, legal, ethical, and philanthropic. The study's findings demonstrated that consumers generally have high expectations of CSR, especially in the legal and ethical‐philanthropic domains. Expectations for the ethical‐philanthropic dimension of CSR are higher amongst consumers holding high self‐transcendent values and practicing high involvement. The main implications of the study are the potential for positioning companies as socially responsible and incorporating CSR in strategic marketing and communications decisions.     

古董车,跑起来!

引言:在使用之中,保存历史。试想,驾驶一辆可以行走的美妙雕塑,这将是怎样不寻常的感觉。车主在提升自我的同时也延伸了古董车的内涵。两者就这样在历史的大道中同步向前迈进。一项独特的收藏趋势正在中国的有识之士中萌芽——这就是古董车,行走的艺术品。     

A moment-based test for extreme-value dependence

This paper proposes a new rank-based test of extreme-value dependence. The procedure is based on the first three moments of the bivariate probability integral transform of the underlying copula. It is seen that the test statistic is asymptotically normal and its finite- and large-sample variance are calculated explicitly. Consistent plug-in estimators for the variance are proposed, and a fast algorithm for their computation is given. Although it is shown via counterexamples that no test based on the probability integral transform can be consistent, the proposed procedure achieves good power against common alternatives, both in finite samples and asymptotically.     

The view from above: the relevance of shared aerial drone videos for destination marketing

ABSTRACT

The use of drones to produce videos has generated a large amount of visually appealing footage of various destinations. They attract much attention, but there are issues that affect their production, and their relevance to destination marketing. This research examines YouTube meta-data and spatial overlay analysis of shared aerial drone videos from the United Kingdom (UK). The results suggest that shared aerial drone videos have some unique user-generated content (UGC) characteristics and their spatial distribution tends to favor more populated areas. Theoretical and practical implications for destination marketing are further discussed.     

Job Turnover in China: A Case Study of Shanghai's Manufacturing Enterprises

This article studies the job turnover among manufacturing enterprises in Shanghai during the period from 1989 to 1992. Various indicators of job turnover are calculated. The empirical results demonstrate that types of ownership and firm size are significant factors in accounting for the changes in job generation and job reallocation. Among various types of enterprise, international joint ventures and small firms are more able to create jobs and to generate job reallocation.     

Central Bank Communication and Financial Market Comovements in the Euro Area

Open Economies Review - We examine whether unscheduled communication of members of the European Central Bank’s (ECB) Governing Council affects financial market comovements. To assess...     

G2P – Governmental e-Solutions for the Public: Citizen vs Corporation Aspects

International Advances in Economic Research -