International Centre for Economic Research

Displaying 1-11 of 11 results

  • White Papers // Jun 2011

    On Firm Growth And Innovation. Some New Empirical Perspectives Using French CIS (1992-2004)

    In the paper, the authors wish to examine if the firms that innovate know a higher growth than the firm that do not. They use diverse waves of CIS for the French industries over the period 1992- 2004 and carry out different models and new econometric methods (quantile regression). The...

    Provided By International Centre for Economic Research

  • White Papers // Feb 2011

    GDP As A Measure Of Economic Welfare

    Ever since the early days of National Income accounting we can observe periodic surges of demands to fix the measurement of GDP to better reflect progress, welfare or even happiness. In recent years even Presidents and Prime Ministers in Europe have joined the chorus of the discontent. In this paper,...

    Provided By International Centre for Economic Research

  • White Papers // Sep 2010

    Risk As Determinant Of Income And Cross-Border Pricing Of Multi-National Enterprises

    International taxation rules for Multi-National Enterprises (MNEs) prescribe that international prices for goods and services between different subsidiaries - and therefore incomes of these subsidiaries - must be comparable to those set between independent international firms for the purpose of taxation. These rules also prescribe that risk should be accounted...

    Provided By International Centre for Economic Research

  • White Papers // Jun 2010

    The Monetary Pillar And The Great Financial Crisis

    Since its inception, a most distinctive (and controversial) feature of the ECB monetary policy strategy has been its emphasis on money and monetary analysis, which constitute the basis of the so-called monetary pillar. The present paper examines the performance of the monetary pillar around the recent financial crisis episode, and...

    Provided By International Centre for Economic Research

  • White Papers // May 2010

    Financial Development And Income In Developing Countries

    This paper presents an empirical analysis of the controversial relationship between financial system development and economic development. Using cointegration and VAR estimations on annual data from Africa, the authors examine the nature of the relationship between financial development and income. They find mixed results on both the short and the...

    Provided By International Centre for Economic Research

  • White Papers // Apr 2010

    The Complex Interaction Between Global Production Networks, Digital Information Systems And International Knowledge Transfers

    Traditionally many studies of knowledge in economics have focused on localized networks and intra-regional collaborations. However, the rising frequency by which firms collaborate within the context of global networks of production and innovation, the increasingly intricate divisions of labor involved and the extensive use of the Internet to facilitate interaction...

    Provided By International Centre for Economic Research

  • White Papers // May 2009

    Effective Exchange Rates Of The Bulgarian Lev 1879-1939

    The paper constructs the first series of nominal and real effective exchange rates of the Bulgarian Lev from its establishment in 1879 until 1939. The dynamics of both indicators during the Classical Gold Standard fits the general picture of exchange rate development of other European countries while their movements in...

    Provided By International Centre for Economic Research

  • White Papers // May 2009

    Venture Capitalism, New Markets And Innovation-Led Economic Growth

    This paper explores the new market-mediating mechanisms linking SU invention on the one hand and economic growth on the other. Two such mechanisms come to our mind under venture capitalism (of which venture capitalism is directly involved only in the first): A systemic rather than haphazard link between radical inventions...

    Provided By International Centre for Economic Research

  • White Papers // May 2009

    International Strategic Choice Of Minimum Quality Standards And Welfare

    The authors study the influence of minimum quality standards in a two-region partial-equilibrium model of vertical product differentiation and trade. Three alternative standard setting arrangements are considered: Full Harmonization, National Treatment and Mutual Recognition. The analysis integrates the choice of a particular standard setting alternative by governments into the model....

    Provided By International Centre for Economic Research

  • White Papers // May 2009

    Some Implications Of Multilateral Financing To The Private Sector Without Sovereign Guarantee

    Direct lending by multilateral development banks to the private sector without sovereign guarantee raises two important issues. First, their presence in the financial markets alters the perception of risk, and that difference in perceived risk carries a market value; the question becomes who appropriates it. Second, by advising on policy...

    Provided By International Centre for Economic Research

  • White Papers // Nov 2008

    Innovation Promotion And Learning In International Trade: The Case Of Colombian Manufacturing Exports

    Colombian manufacturing exporting firms survey results are analyzed highlighting innovation, promotion, and learning, as well as the influence of factors such as: size, ownership, output objectives, destination of exports, competition and pricing, export incentives, and firm configuration, in their export performance. This paper is a follow up to industry level...

    Provided By International Centre for Economic Research

  • White Papers // Feb 2011

    GDP As A Measure Of Economic Welfare

    Ever since the early days of National Income accounting we can observe periodic surges of demands to fix the measurement of GDP to better reflect progress, welfare or even happiness. In recent years even Presidents and Prime Ministers in Europe have joined the chorus of the discontent. In this paper,...

    Provided By International Centre for Economic Research

  • White Papers // Apr 2010

    The Complex Interaction Between Global Production Networks, Digital Information Systems And International Knowledge Transfers

    Traditionally many studies of knowledge in economics have focused on localized networks and intra-regional collaborations. However, the rising frequency by which firms collaborate within the context of global networks of production and innovation, the increasingly intricate divisions of labor involved and the extensive use of the Internet to facilitate interaction...

    Provided By International Centre for Economic Research

  • White Papers // Sep 2010

    Risk As Determinant Of Income And Cross-Border Pricing Of Multi-National Enterprises

    International taxation rules for Multi-National Enterprises (MNEs) prescribe that international prices for goods and services between different subsidiaries - and therefore incomes of these subsidiaries - must be comparable to those set between independent international firms for the purpose of taxation. These rules also prescribe that risk should be accounted...

    Provided By International Centre for Economic Research

  • White Papers // May 2009

    International Strategic Choice Of Minimum Quality Standards And Welfare

    The authors study the influence of minimum quality standards in a two-region partial-equilibrium model of vertical product differentiation and trade. Three alternative standard setting arrangements are considered: Full Harmonization, National Treatment and Mutual Recognition. The analysis integrates the choice of a particular standard setting alternative by governments into the model....

    Provided By International Centre for Economic Research

  • White Papers // May 2009

    Effective Exchange Rates Of The Bulgarian Lev 1879-1939

    The paper constructs the first series of nominal and real effective exchange rates of the Bulgarian Lev from its establishment in 1879 until 1939. The dynamics of both indicators during the Classical Gold Standard fits the general picture of exchange rate development of other European countries while their movements in...

    Provided By International Centre for Economic Research

  • White Papers // Nov 2008

    Innovation Promotion And Learning In International Trade: The Case Of Colombian Manufacturing Exports

    Colombian manufacturing exporting firms survey results are analyzed highlighting innovation, promotion, and learning, as well as the influence of factors such as: size, ownership, output objectives, destination of exports, competition and pricing, export incentives, and firm configuration, in their export performance. This paper is a follow up to industry level...

    Provided By International Centre for Economic Research

  • White Papers // Jun 2010

    The Monetary Pillar And The Great Financial Crisis

    Since its inception, a most distinctive (and controversial) feature of the ECB monetary policy strategy has been its emphasis on money and monetary analysis, which constitute the basis of the so-called monetary pillar. The present paper examines the performance of the monetary pillar around the recent financial crisis episode, and...

    Provided By International Centre for Economic Research

  • White Papers // May 2009

    Some Implications Of Multilateral Financing To The Private Sector Without Sovereign Guarantee

    Direct lending by multilateral development banks to the private sector without sovereign guarantee raises two important issues. First, their presence in the financial markets alters the perception of risk, and that difference in perceived risk carries a market value; the question becomes who appropriates it. Second, by advising on policy...

    Provided By International Centre for Economic Research

  • White Papers // May 2010

    Financial Development And Income In Developing Countries

    This paper presents an empirical analysis of the controversial relationship between financial system development and economic development. Using cointegration and VAR estimations on annual data from Africa, the authors examine the nature of the relationship between financial development and income. They find mixed results on both the short and the...

    Provided By International Centre for Economic Research

  • White Papers // May 2009

    Venture Capitalism, New Markets And Innovation-Led Economic Growth

    This paper explores the new market-mediating mechanisms linking SU invention on the one hand and economic growth on the other. Two such mechanisms come to our mind under venture capitalism (of which venture capitalism is directly involved only in the first): A systemic rather than haphazard link between radical inventions...

    Provided By International Centre for Economic Research

  • White Papers // Jun 2011

    On Firm Growth And Innovation. Some New Empirical Perspectives Using French CIS (1992-2004)

    In the paper, the authors wish to examine if the firms that innovate know a higher growth than the firm that do not. They use diverse waves of CIS for the French industries over the period 1992- 2004 and carry out different models and new econometric methods (quantile regression). The...

    Provided By International Centre for Economic Research