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Many countries offer state credit guarantees to support credit-constrained exporters. The policy instrument is commonly justified by governments as a means to mitigating adverse outcomes of financial market frictions for exporting firms. Accumulated returns to the German state credit guarantee scheme deriving from risk-compensating premia have outweighed accumulated losses over the past 60 years. Why do private financial agents not step in and provide insurance given that the state-run program yields positive returns? We argue that costs of risk diversification, liquidity management, and coordination among creditors limit the ability of private financial agents to offer comparable insurance products. Moreover, we suggest that the government’s greater effectiveness in recovering claims in foreign countries endows the state with a cost advantage in dealing with the risks involved in large export projects. We test these hypotheses using monthly firm-level data combined with official transaction-level data on covered exports of German firms and find suggestive evidence that positive effects on trade are due to mitigated financial constraints: State credit guarantees benefit firms that are dependent on external finance, if the value at risk which they seek to cover is large, and at times when refinancing conditions on the private financial market are tight.
Beim data-driven learning (DDL) werden Lernerinnen und Lerner angeleitet, sprachliche Muster mit Hilfe von Korpuswerkzeugen zu entdecken und eigene Korpusabfragen durchzuführen. Am Beispiel einer Unterrichtseinheit für den Wirtschaftsdeutsch-Unterricht wird der Einsatz von DDL erläutert. Es wird deutlich, welche Chancen korpuslinguistische Verfahren bieten, aber auch, welche Probleme beim DDL auftreten können. Vor allem für die Planung des Fachsprachenunter-richts können korpuslinguistische Analysen hilfreich sein: Zu nennen sind die Bedarfsermittlung, die Auswahl von Materialien, die Identifizierung von typischem Wortschatz und häufigen Mustern sowie die Erstellung von Übungsmaterialien. Das Praxisbeispiel, das auf andere Kontexte übertragen werden kann, illustriert, wie sich korpuslinguistische Verfahren und DDL auf die Unterrichtsplanung und -durchführung auswirken: Sprache wird als Datenmenge betrachtet; der Fokus liegt auf sprachlichen Mustern; Fragen nach der Korrektheit bzw. der Angemessenheit werden thematisiert.
This paper describes the rationale and the development of a structured digital approach for measuring corporate environmental sustainability using performance metrics.
It is impossible to imagine today's age without the preservation of our environment, not even in the corporate environment. Currently, sustainability is mostly only rudimentarily considered in companies, mostly only with written down phrases on the website. This will no longer be sufficient in the future, which is why companies should record sustainability on a numerical basis. Based on the development of a workable concept for companies, a small empirical study was carried out, which can be used to numerically measure the sustainability performance of companies. Two utility analyses were completed.
One of them was supplemented by expert interviews. Well-known practitioners from the business world were interviewed and asked for their assessment of ecological performance indicators. The result of the research is an indicator-based concept that can be applied in corporate practice to determine ecological sustainability performance.
This paper examines how varying antidumping methodologies applied within the World Trade Organization differ in the extent to which they reduce targeted exports. We show that antidumping duties, on average, hit Chinese exporters harder than those of other targeted countries. This difference can be traced back in part to China's non-market economy status, which affects the way antidumping duties are calculated. Furthermore, we show that the type of imposed duty matters, as ad-valorem duties affect exports differently compared to specific duties or duties conditional on the export price. Overall, however, antidumping duties remain effective in reducing imports independent of market economy status.
Anthropologists’ arrival stories have long served to justify, naturalize, and domesticate—often through humor—the fraught moment of entering unasked into other people's lives. This textual convention has been thoroughly critiqued, but no comparable attention has been paid to the analogous moment of departure from the field. The digital age enables both sides to maintain contact, a shift that negates the finality of earlier departures. This article engages the changes wrought by digital media that allow us to remain connected to the field. While this seems a humane affordance, it also means that it is no longer feasible to cleanly sever ties established ‘there’. When anthropologists leave the field, the field will likely follow them—on Facebook or Instagram.
The main objective of this paper is to revisit the Euro method in a critical and constructive way.Wehave analysed some arguments against the Euro method published recently in the literature as well as some other relevant aspects of the SUT-Euro and SUT-RAS methods not covered before. Although not being the Euro method perfect, we believe that there is still space for the use of the Euro method in updating/regionalizing Supply and Use tables.
The main objective of this paper is to revisit Temursho’s (2020) article “On the Euro method” in a critical and constructive way. We have praised part of his work and at the same time, we have analysed some of his arguments against the Euro method and against the work published by Valderas-Jaramillo et al. (2019). Moreover, we have analysed some other relevant aspects of the SUT-Euro and SUT-RAS methods not covered in Temursho (2020). Temursho (2020) seems to conclude that no one should use the Euro method again because of its limitations and drawbacks. However, although not being the Euro method perfect, we are afraid that there is still space for the use of the Euro method in updating/regionalizing supply and use tables.
The State of Custom
(2021)
In our article, we engage with the anthropologist Gerd Spittler’s pathbreaking
article “Dispute settlement in the shadow of Leviathan” (1980) in which
he strives to integrate the existence of state courts (the eponymous Leviathan’s
shadow) in (post-)colonial Africa into the analysis on non-state court legal practices.
According to Spittler, it is because of undesirable characteristics inherent
in state courts that the disputing parties tended to rather involve mediators than
pursue a state court judgment. The less people liked state courts, the more likely
they were to (re-)turn to dispute settlement procedures. Now how has this situation
changed in the last four decades since its publication date? We relate his findings
to contemporary debates in legal anthropology that investigate the relationship
between disputing, law and the state. We also show through our own work in
Africa and Asia, particularly in Southern Ethiopia and Kyrgyzstan, in what ways
Spittler’s by now classical contribution to the field of legal anthropology in 1980
can be made fruitful for a contemporary anthropology of the state at a time when
not only (legal) anthropology has changed, but especially the way states deal with
putatively “customary” forms of dispute settlement.
This paper examines the interdependencies of tourism, Buddhism and sustainability combining in-depth-interviews with Buddhism experts and non-participant observation in a mixed-method approach. The area under investigation is the Alpine region of Austria, Germany and Switzerland, since it is home to Asian and Western forms of Buddhism tourism alike. Results show that Buddhism tourism as a value-based activity on the one hand is not commercial, but since demand is rising, on the other hand tendencies towards more commercial forms can be observed. As a modest form of activity Buddhism tourism does not shape the landscape of the Alpine area and by its nature it incorporates sustainability.