Export entry and exit by German firms

Export Entry and Exit by German Firms. — While exports have played an important role in German business cycles, little is known about the export supply response of German firms. This paper presents a dynamic model of the export decision by a profit-maximizing firm. Using a panel of German manufacturing plants, we test for the role of plant characteristics and sunk costs in the entry decision. We find evidence for substantial sunk costs: exporting today by a plant increases the probability by 50 percent that the plant will export tomorrow. This advantage depreciates quickly, falling by two-thirds in a year. The authors also find evidence that plant success, as measured by size and productivity, increases the likelihood of exporting.     

Relative Wage Variation and Industry Location in the United Kingdom*

This paper shows that both relative wages and industry structure vary considerably across regions of the United Kingdom. In accordance with the neoclassical model of trade, regions abundant in a factor (i) exhibit lower relative prices of that factor than regions scarce in the factor, and (ii) tend to specialize in a mix of industries intensive in the use of the factor. We show that this specialization leads UK regions to be asymmetrically exposed to external macroeconomic or international trade shocks.     

Small clicks,great effects: the immediate and delayed influence of websites containing serious games on behavior and attitude

The number of websites containing persuasive serious games and advergames has increased over the past several years, but their immediate and delayed effects on behavior are still not well understood. The present field experiment (n = 388, varied socio-professional groups) demonstrates that interactivity linked to this type of website provokes positive effects on immediate behavior (purchases of energy-saving light bulbs, ESLBs) in a ‘real setting.’ It further affected the behavior (installation of ESLBs at home), the memorization of the website's arguments, gains in knowledge, attitude, and other judgments regarding ESLBs, when measured two weeks later. The digital signature of a commitment to perform an expected behavior via a web page also provokes positive behavioral effects. This can accumulate through the effects of interactivity. We close with a discussion of the possible psychological processes involved, theoretical and practical implications and limitations as well as new perspectives for advertising and advergames research.     

THE CONTRIBUTION OF CONFLICT ANALYSIS TO HOME MANAGEMENT THEORY

It is the contention of this paper that home management should have its own distinctive conceptual framework and that it should concern itself not only with the ideal organization of the home, but also with actual home management practices. Systems theory, because it is a coordinating model based on cooperative relationships, does not provide the basis for an adequate conceptual framework. Home management theory must include concepts such as conflict, power, authority and ideology if it is to understand and to change existing home management practices.     

Consumer Segments Based on Attitudes Toward Luxury: Empirical Evidence from Twenty Countries

This article proposes an international segmentation of consumers based on their attitudes toward luxury. We perform a two-stage empirical study with a data set that combines samples from 20 countries. We provide a substantive interpretation of the results to show that three attitude segments dominate in a Western cultural context. We discuss several directions for future research based on the findings.     

Ethical issues in international lending

This article deals with the ethical issues faced by commercial banks, governments and international financial institutions in their international lending activities. Such issues include not only to whom and for what purpose such lending takes place but also the more delicate questions of the relations between sovereign lending and economic management, as well of lending to sovereign countries embroiled in situations of conflict. It leads to the ethical issues raised by the present international debt crisis: co-responsibility, burden-sharing, role of the international organisations. Finally, capital flight out of developing countries is studied as a special case.Bernard Snoy born in Bois-Seigneur-Isaac (Belgium) in 1945.Holder of bachelor's degree in philosophy and of doctor's degree in law from Catholic University of Louvain and of Ph.D. in economics from Harvard.Has worked for 12 years with the World Bank in Washington and in Paris.Has been teaching at the Catholic University of Louvain and at the College of Europe (Bruges).Has been for two years Economic Adviser at the Commission of the European Communities.Since May 1988, Bernard Snoy assumed the position of Chief of the Minister's Cabinet at the Belgian Ministry of Finance.This presentation made in November 1987 reflects the views of the speaker and does not necessarily represent the views of the Commission.