While the service sector has gained attention in the empirical innovation research it is still neglected in the empirical research on export activities. This is partly due to the fact that services have been…
A quota on foreign competition will generally lead to quality-upgrading (downgrading) of the low-quality (high-quality) firm, an increase in average quality, a reduction of quality differentiation, and a…
We show that, since the inception of energy futures markets, prices have on average exhibited backwardation. Normal backwardation has also been the norm, but, because of the low power of the standard tests, most…