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Reálná a cenová konvergence České republiky a nových členských států Evropské unie / Real and price convergence of the Czech Republic and the new Member states of the European UnionNováková, Veronika January 2015 (has links)
This Thesis deals with the convergence of European states and identifies the influence of the European union enlargement in 2014 on the course of convergence. Both real and price convergences are analyzed by using beta convergence and sigma convergence concepts. The Balassa Samuelson effect is tested as well. The Balassa Samuelson effect explains the existence of price convergence and also indicates the relationship between real and price variables. The existence of real and price convergence was verified for the whole period from 1995 to 2013. During 2004 the integration of European states was strengthened, which was significant for real convergence because the speed of convergence was positively influenced. As for the price convergence, the year 2004 was insignificant as the break point. Despite a similar course of both convergences, price convergence was more affected by the crisis in 2008. The presence of Balassa Samuelson effect was confirmed. Despite the complications during intensity measurement, caused by problematic dividing into tradable and non tradable sectors, corresponding values are realistic.
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Currency Rollercoaster : Trade With Exchange Rate VolatilityAndersson, Felicia, Knobe Fredin, Oscar January 2024 (has links)
This essay examines the relationship between exchange rate volatility, estimated using a GARCH model, and level of trade for Sweden and Finland. The data used was collected from Refinitive Eikon Datastream with monthly observations for the time period January 2005 - December 2022. The obtained results indicate that the volatility of the Swedish Krona and Euro positively increases the level of trade for Sweden respectively Finland according to the ARDL model. However, while examining different time perspectives the conclusions resulted in inconclusiveness for the countries and perspectives. The ARDL bounds test for Sweden corresponded with inconclusive results regarding a possible positive long term relationship between SEKs exchange rate volatility and level of trade. Furthermore, the Granger causality test did not state a short term relationship between the two variables for Sweden nor did it state a reversed relationship. On the other hand, for Finland, the ARDL bounds test and Granger causality test denied both a long term and short term positive relationship between the EURs exchange rate volatility and level of trade for Finland. However, for Finland a reversed Granger causality test was shown indicating that the level of trade has an impact on the volatility of the EURs exchange rate.
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Economic Theory and Econometric Methods in Spatial Market Integration Analysis / Ökonomische Theorie und ökonometrische Verfahren in Analysen räumlicher MarktintegrationAraujo, Enciso, Sergio, René 24 May 2012 (has links)
No description available.
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Empirické eseje z institucionální mikroekonomie / Empirical Essays in Institutional MicroeconomicsSchwarz, Jiří January 2017 (has links)
The dissertation consists of three empirical papers in institutional microeconomics. The first paper examines the role of institutional quality in international trade, the second paper focuses on unintended consequences of intellectual property rights for social welfare, and the last one addresses the impact of banking on corporate financing and investment. An introductory chapter puts these three papers into perspective. In the first paper I analyze the role of institutions in price dispersion among cities in the European region in the 1996-2009 period. Using a number of institutional quality measures I find that the better the institutions, the lower the predicted dispersion. The result is robust to different specifications of the regression model and is consistent with a hypothesis that arbitrage, as an entrepreneurial activity and the main power behind the law of one price, is influenced by institutional quality. In the second paper I use a large data set of U.S. patents applied for between 1980 and 2007 by 22 large technology companies to study development of strategic patenting over time and across industries. Using two complementary methods I reveal strong evidence against the hypothesis of more strategic patenting after 1995. Contrary to the expectations, aerospace patents appear to be on average...
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