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1.
This paper examines the long-run relationship between short-term and long-term interest rates (both nominal and real) in 19
countries, and explores the possibility that the relationship is statistically stable using Lc, MeanF, and SupF statistics
suggested by Hansen [1992]. Empirical results obtained from various cointegration techniques (Johansen, Phillips and Hansen,
Stock and Watson, and Park) and quarterly data (1973–1998) show considerable support for the expectations hypothesis in all
countries (except the United Kingdom). In a majority of cases, it is also found that a stable relationship exists between
the short-term and long-term interest rates. 相似文献
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Augustine Ahiauzu 《Industrial Relations Journal》1984,15(3):53-63
Although much interest is being directed towards the study of cultural influences on management and organisation, little attention is given to the effect of these influences on workplace industrial relations. This article reports the findings of a study based on two textile factories from the Hausa and two from the Ibo cultural groups in Nigeria. 相似文献
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ABSTRACTFor the first time in the body of literature, we consider bilateral trade balance models of the US with each of her 20 trading partners from Africa and try to assess the J-curve phenomenon. After applying the linear and nonlinear ARDL approaches, we find support for the J-curve effect in three partners from the linear models. However, support rises to eight partners when we shift to nonlinear models. Furthermore, we find short-run asymmetric effects of exchange rate changes in almost all models and significant long-run asymmetric effects in half of the partners. 相似文献
7.
In this paper we obtain and interpret estimates of the short- and long-run influence of exchange-rate volatility (or risk) on the volume of trade of two Pacific-Basin Countries, Australia and New Zealand, in the generalized floating exchange-rate period. For each country, a unique, theoretically consistent long-run function is estimated, as well as a short-run dynamic demand function that is formally superior to a number of previous estimates. 相似文献
8.
This article advocates the inclusion of entrepreneurship education as a subject in the curricula of all the educational institutions in Nigeria and other developing countries. Some innovative entrepre‐neurship education practices such as periodic entrepreneur‐pupil/student interaction and students' attachment period with established entrepreneurs are also proposed in inculcating the entrepreneurial culture. The regular interactive sessions with entrepreneurs from the organized private sector will engender consistent and systematic orientation of the young adults in acquisition of skills, competencies, and knowledge requisite for self‐employment. © 2012 Wiley Periodicals, Inc. 相似文献
9.
Augustine Nwabuzor 《Journal of Business Ethics》2005,59(1-2):121-138
Corruption is a major problem in many of the world’s developing economies today. World Bank studies put bribery at over $1
trillion per year accounting for up to 12 of the GDP of nations like Nigeria, Kenya and Venezuela. Though largely ignored
for many years, interest in world wide corruption has been rekindled by recent corporate scandals in the US and Europe. Corruption
in the developing nations is said to result from a number of factors. Mass poverty has been cited as a facilitating condition
for corruption just as an inability to manage a sudden upsurge in mineral revenues has been credited with breeding corruption
and adventurous government procurement among public officials in countries like Nigeria and Venezuela. Virtually all developing
nations that have serious corruption problems also have very limited economic freedom and a very weak enforcement of the rule
of law. In such nations, corruption represents a regressive taxation that bears hard on the poor. It has a dampening effect
on development and it could result in the production of inferior goods as companies find ways to accommodate under-the-table
payments. Finally, corruption is a dangerous threat to the legitimacy of the governments of some of the developing nations
themselves. It is suggested that new urgent initiatives are needed to deal with the dangers posed by corruption in the developing
economies. They include making the economies of these nations more open by the withdrawal of the government from the productive
sector and by the abolition of unnecessarily stringent restrictions on business conduct. The rule of law needs to be strengthened
in these nations and those countries like Nigeria and Venezuela should ignore scruples over sovereignty and seek foreign assistance
in the management of their oil wealth. Finally, multinationals should be made to disclose all the payments they make in developing
nations to such organizations like International Chamber of Commerce or Transparency International where they can be reviewed
by anyone interested. 相似文献
10.
A. C. Arize 《International Trade Journal》2013,27(4):501-525
This article examines the demand for UK exports and is focused on five issues. It starts by examining the stochastic properties of the relevant time series. Special attention is paid to the model specification, its dynamic structure, and its temporal stability. In addition, the potential effect of exchange rate uncertainty on export demand is considered. The empirical results show that the determinants of the demand for UK exports are foreign economic activity, export price, foreign prices, and exchange rate uncertainty. The results further indicate that exchange rate uncertainty has a negative effect on exports and that the overall export demand equation requires the inclusion of such a variable in order to exhibit structural stability. Trade policy in the UK, therefore must take into account the response of export demand to changes in real exchange rate volatility. 相似文献