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Consumer expenditures in the United Kingdom account for over 50% of Gross Domestic Product on the expenditure side, yet their impact on economic activity is often overshadowed by attention to technolo...
The article deals with companies processing and producing dairy products and cheeses in the Czech market. The dairy industry is a crucial field among the production of food products. On March 31, 2015...
Quarterly and monthly data on U.S. personal consumption expenditures show a severe decline in consumer spending around the time of the financial panic in the fall of 2008. This decline substantially...
We study users' response to sponsored-search advertising using data from Microsoft's Live AdCenter distributed in the \Beyond Search" initiative. We estimate a structural model of utility maximizing...
Consumption decisions are crucial determinants of business cycles and growth. As a share of US gross domestic product (GDP) personal consumer expenditure has grown steadily since the early 1970s t...
We would like to acknowledge the invaluable assistance provided by Ludovico Carraro in analyzing the data sets from the country case studies reviewed in this paper, and in documenting the programs in...
Toehold purchase, defined here as purchase of one share in a firm by an investor preparing a tender offer to acquire majority of shares in it, reduces by one the number of shares this investor needs f...
This research presents an analysis of the demographic risk related to future membership patterns in pension funds with restricted entrance, nanced under a pay-as-you-go scheme. The paper, therefore...
This paper investigates the hedging effectiveness of a dynamic moving window OLS hedging model, formed using wavelet decomposed time-series. The wavelet transform is applied to calculate the appropria...
Food quality and safety belong to the most important factors of building the image of the product, brand, or country of origin at the local, regional or global markets. The main aim of the paper is t...
We focus on finite sample properties of two mostly used methods of Hurst exponent H estimation—rescaled range analysis (R/S) and detrended fluctuation analysis (DFA). Even though both methods have bee...
India's economic reforms in 1991 permitted investors to freely choose their preferred investment locations across the various states in the Indian union, leading to competition between states to at...
This paper examines the determinants of the profitability of Xinjiang’s township and village enterprises. Panel and cross-sectional analyses of profit equations are conducted among collective-owned, s...
This paper investigates the relationship between private and public investment in R&D, while taking into account the effect of several instruments policies such as subsidies and taxes.
We analyze analytic approximation formulae for pricing zero-coupon bonds in the case when the short-term interest rate is driven by a one-factor mean-reverting process with a volatility nonlinearly d...

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