46,642 research outputs found

    International outsourcing over the business cycle: some intuition for Germany, the Czech Republic and Slovakia

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    In this paper, we assess the extent to which multinational firms - in the first instance, the German ones - may adjust their international outsourcing over the business cycle in the Czech Republic and Slovakia. For that purpose, we have used monthly data of production for the manufacturing sector as a whole and some of its sub-sectors, since 2000 onwards. Our econometrical estimates suggest that there would be an asymmetry in the international outsourcing across the states of the economy, meaning that multinationals firms would be engaged differently in outsourcing activities, depending on whether bad or good economic times occur. Yet, such an asymmetry is found increasing over the time for German and French multinationals operating in the transport equipment sector of Slovakia. Another conclusion is that international outsourcing made by multinational firms in Slovakia may account for a portion of its large business cycles volatility.International outsourcing, foreign direct investment, business cycles, Central and Eastern European countries, European integration.

    Convergence of values in optimal stopping

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    Under the hypothesis of convergence in probability of a sequence of c\`adl\`ag processes (Xn)n(X^n)_n to a c\`adl\`ag process XX, we are interested in the convergence of corresponding values in optimal stopping. We give results under hypothesis of inclusion of filtrations or convergence of filtrations

    From traditional to modern water management systems; reflection on the evolution of a ‘water ethic’ in semi-arid Morocco

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    The chapter focuses on water because of the crucial importance of that resource in a semiarid country and because the ways in which it has been managed throughout centuries illustrate the changes in socio-political structures in the society. The focus on water in a semi arid country is symbolic of how precious natural resources are in the development of economies and societies. Morocco provides a fascinating terrain to explore ingenuous traditional water management structures and processes both in urban and in rural environments

    Sustainability indicators

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    Imagine a situation where, after debating for years on what makes you happy, you finally decide that it is about time you start put these ideas into practice and effectively make yourself happy(ier). If you are really determined, you will be keen to stop convincing yourself that you are happy if you are not: you will want to check whether you are really making progress towards achieving your goals. You will have identified different components of your happiness and will assess some of them, progressing cautiously, step by step. You will also be aware of the links between these components, links that determine your overall state of happiness. In the situation described above, now replace the term 'happiness' by that of 'sustainability' - like concepts such as justice, truth, or happiness indeed, it is a desirable objective, albeit difficult to capture in a concise, shared, definition

    The CKM Paradigm: Implications of the Most Recent Results

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    The implications of the most recent experimental results in the B and K meson systems on the CKM paradigm are investigated by means of a global fit to the theoretical predictions of the Standard Model. We advocate the frequentist approach Rfit, which is implemented in the CKMFitter package. Within this approach, constraints on the CKM parameters and other quantities of interest are obtained, and extensions of the Standard Model are investigated.Comment: 9 pages, Talk given at the XXXVIIth Rencontres de Moriond, Electroweak Interactions and Unified Theories, Les Arcs, March 9-16 200
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