scholarly journals Output Comovement and Inflation Dynamics in a Two‐Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor Markets

Author(s):  
TOMIYUKI KITAMURA ◽  
TAMON TAKAMURA
Author(s):  
Joachim Wagner ◽  
John P. Weche Gelübcke

SummaryThis is the first study of the link between internationalization and firm survival during the 2008/2009 crisis in Germany, a country which was hit relatively lightly compared to other countries. Moreover, it is the first study which looks at the role of importing, exporting and FDI simultaneously in the context of a global economic recession. We use a tailor-made representative dataset that covers all enterprises from the manufacturing sector with at least 20 employees. Our most striking result is to demonstrate the disadvantage of exporting for the chances of survival of a firm during the crisis in western Germany. Importing instead reveals a positive correlation with survival and firms that both export and import do not show a different exit risk relative to non-traders. A plausible explanation is that in a global recession, deteriorating markets abroad cause demand losses for exporters and improved conditions on factor markets which result in an advantage for firms sourcing from factor markets abroad. Two-way traders do not show a link with exit risk, supporting the idea that they were able to outweigh their losses from exporting with their gains from importing, in what could be called an export-import hedge. Furthermore, we cannot support the hypothesis that foreign multinationals are more volatile during times of economic crisis.


2018 ◽  
Vol 265 (3) ◽  
pp. 909-918 ◽  
Author(s):  
Wei Yan ◽  
Yu Xiong ◽  
Junhong Chu ◽  
Gendao Li ◽  
Zhongkai Xiong

2020 ◽  
Vol 20 (4) ◽  
pp. 99-112
Author(s):  
Victoria E. Nekrestova ◽  
Irina A. Somova

The paper reviews the effect of nonmonetary factors on inflation dynamics in Russia from 2000 to 2018. The period under review was divided into two intervals with different economic dynamics: 2000–2008 – the period of economic growth in Russia, 2009–2018 – the period of a slower rate of economic growth. Both periods were analyzed for various nonmonetary factors having an impact on inflation, which helped reveal common as well as distinctive features of nonmonetary factors. Some factors, such as the growth rate of agricultural prices had a significant impact on the consumer price inflation dynamics over the whole period under research. Other nonmonetary factors ceased to have an effect on consumer prices making room for others. Thus, the volume of imports turned out to be significant only in the period from 2009 to 2018, which is explained by the geopolitical situation and introduced economic sanctions. The conducted research confirmed a growing role of nonmonetary factors in the inflation processes. This conclusion requires consideration of specific features of nonmonetary causes of inflation on behalf of the Central bank and the fiscal organs in development of concrete steps to reduce inflation. The priority should continue to be given to effective tariff regulation, modernization of industry and promotion of competition.


2013 ◽  
Vol 4 (2) ◽  
pp. 16-25
Author(s):  
Ayako Sawada ◽  
Taketoshi Yoshida ◽  
Hiroshi Horii ◽  
Misato Horii ◽  
Masaharu Hayashi

Recently, discovering local resources and utilizing them have been underway for the purpose to revitalize regional economies. The authors have conducted some activities for regional activation using historical materials such as old documents and maps. For these activities historians play an important role to discover and utilize local resources from historical materials. The cost of transferring historians’ knowledge about such resources to tour developers is high. In this study, a tour developer who is also a volunteer tour guide designed two tour courses featuring local historical material with the aid of a proposed information system. They clarify the role of the information system and the factors of reducing the costs of knowledge transfer in tourism development using historical materials from the view points of the sticky information.


2017 ◽  
Vol 12 (5) ◽  
pp. 130
Author(s):  
Salman Mohammad Abulehyeh ◽  
Ali Falah Al-zoub

This study examines the role and importance of change management in enhancing and managing strategic marketing planning related to strategic problems characterized by depth and complications. This rather planning demands extensive and deep research concerns variables and capabilities of futuristic analysis of propositions and probabilities. Thus, planning designers are the critical suppliers to the organization. The importance of studying change management is stressed, as well as its role in enhancing the process of strategic planning which is essential for the organization in the future. This is the main subject of this study. A matrix including several variables has been set, being one of the tools of marketing strategic planning for the organization. These variables decide the extent of market attraction and its competitive position in different market situations. Additionally, another matrix was set up to determine the competitive capability of the organization. On this basis, the suitable investment strategy has been determined, according to each market situation, in relation to market attraction & the competitive capability of the organization. After finishing the marketing revision, evaluation of the organization's internal situation has been done as to the threats and opportunities in comparison to opportunities and threats in the external environment. Good management and investment in change management employed by food companies in the private Jordanian sector is still limited due to obstacles, limitations related to managers and leaderships as well as present technical, financial, and information capabilities.


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