economies of scaleare instead characterized by volume. The latter refers to a reduction in marginal cost by producing additional units. Economies of scale, for instance, helped drive corporate growth in the 20th century through assembly line production....
If you’re like me, you probably encountered the idea of economies of scale in a freshman economics course. You probably never encountered theeconomies of scopeidea at all (I’ll explain why you didn’t in a bit). You were probably introduced to the former in book-keeping terms: the ide...
At the same time, countries have used different strategies when it comes to lockdowns, both in terms of the scale and strictness of enforcement as well as the type of measures used. For example, countries like Italy have resorted to stringent containment measures to curb infections, including ...
To minimize any substantial numerical drift in the simulations related to a non-equilibrated initial state, we applied a spin-up of the ocean model and biogeochemical model for 66 years, cycling twice over the DFS5.2 forcing sets48. Overall, the model simulates basin-scale, historical SST and...
Pulling out of the bloc would be a relatively simple process, according to article 2205 of the NAFTA treaty: "A Party may withdraw from this Agreement six months after it provides written notice of withdrawal to the other Parties. If a Party withdraws, the Agreement shall remain in force fo...
This study investigates the role of financial frictions on firm value within the framework of earnings management, including the impact of productivity growth. In contrast to prior studies, the present study employed an autoregressive model to examine th
Similarly, South Korea has set ambitious targets for renewable energy deployment, aiming to significantly increase the share of renewables in its energy mix. Solar energy has been a major focus, evidenced by a growing number of solar installations across the country, encompassing both utility-scale ...
The portfolio manager is not tied to the benchmark in terms of investment selection or weight. Benefits The fund allows you to tap into emerging economies’ growth potential. The fund allows you to get well diversified exposure to corporate bonds issued by compa...
According to the academic literature, this loss of participation by manufacturing in the GVA can be explained basically through four trends: decreases in relative prices, decreases in relative demand, technological changes favorable to services as intermediate inputs, and an increasing propensity to impo...
Table 3 summarizes the results of the analysis. The control variables in Model 1 explained 12% of the variance and only Theoretical implications The current study extends the literature of EO by investigating how its three dimensions, innovativeness, proactiveness and risk-taking, have differential ...