This paper develops a multi-agent simulation model to explore the impact of inter-firm relations in construction industry interorganizational networks on the productive implementation of innovations. Though interorganizational network researchers generally agree that when firms form into networks they will gain access to new knowledge, the question of learning beyond the...
This paper investigates the macroeconomic response to exogenous shocks, namely natural disasters and stochastic productivity shocks. To do so, an endogenous business cycle model was used in which cyclical behavior arises from the investment - profit instability; the amplitude of this instability is constrained by the increase in labor costs...
Data from several investor surveys suggest that macroeconomic instability, investment restrictions, corruption and political instability have a negative impact on Foreign Direct Investment FDI to Africa. However, the relationship between FDI and these country characteristics has not been studied. This paper uses panel data for 22 countries over the period...
Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society's welfare and economic growth. Based on a dataset covering around 100 countries for the period 1960-99 and using modern panel data econometric techniques to control for endogeneity, this paper shows that a higher degree of political...
This paper examines the effect of transition and of political instability on FDI Foreign Direct Investment flows to the transition economies of Central Europe, the Baltics and the Balkans. It is found that FDI to transition economies unaffected by conflict and political instability exceed those that would be expected for...
The Quantity Theory of Money is implicitly embedded in the arguments for price level adjusted financial statements - inflation accounting. Historically, the instability of commodity prices, which is due to changes in relative prices, is considered by one school of economic thought monetarism as a reflection of the instability of...
This paper describes that instability associated with investment risk is critical in explaining the level of foreign direct investment for the Middle East and North Africa MENA countries, which generally have higher investment risk than developed countries. The empirical results support this hypothesis, whether either the standard deviation or the...
Risks lurk along the entire length of supply chains, and are as diverse as political instability, exchange rates, carriage capacity, shelf life, and customer demand. Although obsolescence is a risk inherent in maintaining inventory, many potential causes of supply chain disruption are risks inherent in minimizing inventory.
Traditional responses to uncertain and competitive market conditions do little to enable organizations to prosper in connected global market places. Energy companies contend with change from random and unexpected events from many sources. Instability is derived from markets, regulation, customers, and competitors. Concerns resulting from volatility in commodity prices are...
Financial market instability has been the focus of attention of both academic and policy circles, with rating agencies being singled out as one of the culprits in fueling financial booms and busts. This paper examines whether changes in sovereign ratings and outlooks contribute to the instability of emerging financial markets....
This paper first extends the canonical General Equilibrium with Incomplete Markets GEI model with money and default to allow for competitive banking and financial instability. Second, it introduces capital requirements for the banking sector to assess the short and medium term macroeconomic consequences of the proposed New Basel Accord. The...
Monetary unit is a basic element of accounting used to manage report, govern and tax organizations in all sectors of the economy. Instability of monetary unit introduces noise, weakening the effectiveness of accounting in performing its important economic roles in society. This report models the impact of monetary instability on...
This study performs a theoretical analysis of instability in a departure time choice problem. Stability of equilibrium is an important factor for reliability of travel time. If equilibrium is not stable, travel time changes over a period of days even if demand and network performance are stable. This study examines...
PITTSBURGH - When Carrie Schuck's father died 11 years ago, Schuck, now a 21-year-old college senior, couldn't find anyone who could relate to a 10-year-old's sense of loss and instability. "Even my teachers didn't understand," she said, her voice shaking, describing the isolation she felt when her classmates made cards...
Survey Shows that Consumers May Rely on Second Jobs for Extra Cash, Despite Rising Unemployment Levels HOUSTON -- Money Management International MMI, the nation's largest nonprofit credit and debt counseling and education firm, announced today the results of a survey designed to measure consumer sentiment and coping mechanisms...
ELDRIDGE, Iowa, July 8 /PRNewswire/ -- Born out of today's instability in the Middle East and concerns about dependence on foreign oil, Larry G. Patten's new novel, "Rondine Solution" (published by AuthorHouse - http://www.authorhouse.com/), introduces a near-future scenario in which nuclear power capacity is stretched to the breaking point....
In a startling revelation, it has been suggested that the FIA - world motorsport's governing body - may have broken its own rules in handing out the unprecedented $100 million USD fine to McLaren-Mercedes over Formula 1's much-publicised spying scandal in 2007. The penalty, meted out after McLaren...
SAPPORO, Japan -- Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week. The outlook has darkened dramatically...
WASHINGTON -- James S. Brady Press Briefing Room 1:07 P.M. EDT MS. PERINO: Hi. I don't have anything to start with. Sorry I'm late. Q Robert Mugabe was welcomed with no public criticism at an African Union summit in Sharm el Sheikh. Is that...
DILI, June 27 Kyodo East Timor's President Jose Ramos-Horta has decided not to run for the position of U.N. High Commissioner for Human Rights, citing political instability in his country. Ramos-Horta told a press conference that an early departure from his current responsibility...
Articles 2008-06-30
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