The coming fourth industrial revolution means many inevitable changes in firms' competition and the challenges they pose to industrial and competition policies. Therefore, to examine how it is going to affect competition and competition policy, this paper reviews the related literature of industrial policy, industrial organization and new trade theory. For this purpose, employing the semi-systematic review method, the report explores the theoretical background of the Industry 4.0 policy carried out by the EU, how it affects its competition policy and what threats it imposes to competition between firms. We have come to conclusions that the fourth industrial revolution might be quite challenging for the sustainability of firm's competition and the structure of industry and markets. However, the 'soft' EU industrial policy adequately addresses this problem by supporting SMEs with innovation and R&D to ensure sustainable competition in the long term.
The purpose of this study is to examine the intensity of technology and knowledge transfer to the selected Baltic countries through foreign direct investment. The intensity of technology and knowledge transfer across the Baltic countries varies widely, with Estonia showing the leading position in the Baltic region. The amount of foreign direct investment in three countries is linked with the level of technology and knowledge transfer. It is indicated that during the Financial Crisis in 2008, the extent of foreign direct ownership changed in all three countries and later recovered. In the aftermath of this disruption, countries recovered their stock Foreign direct investment attraction rates and almost reached their 2004 level. Latvia has achieved a 50 per cent increase among Baltic countries, benefiting from it. Foreign direct investment and technology transfer increased through effective strategies and policies. In contrast, Estonia maintains a sustained stock foreign direct investment and has moderately lower margins than in other Baltic countries. Among countries, Estonia is the dominant stock FDI absorber in the Baltic region and have made significant contributions in the region.
Using quarterly data from 2006:Q1 to 2019:Q3 (55 observations), this paper examines 18 Eurozone macroeconomic variables that represent monetary policy, external and construction sectors’ performance, economic growth, investment, households’ earnings, inflation and assesses their impact on the performance of the European listed real estate companies and REITs. Empirical results demonstrate that the European listed real estate market is strongly influenced by the supply side: the construction sector and the inflation of producers’ prices; while the demand side is strongly affected by the expansionary monetary policy of ECB. Furthermore, some primary findings propose that US expansionary monetary policy shocks have an effect on the European listed real estate market. This conclusion demands further thorough research.
The objective of this paper is to give an estimation of drugs supply disruptive risks, which lead to a shortage. The literature analysis showed 15 drivers of supply disruptions and also, three main categories of risks (delays, forecasts and inventory), which produce a negative effect from what was intended; the return to low utilisation of supply service. These disruptions mean that if all required is not in place, shortage appears. There is a lack of knowledge of effects examination because not that many studies have been carried out from the perspective of drugs shortage. The study consists of two parts. The first part is dedicated to methods applicable for risks analysis, whereas the second one is dedicated to practical risks assessment and shortage analysis. The scope of disruption risks is limited in the paper and includes non-systematic risks (i.e., micro risks). Based on approximation data, the author has constructed a methodology for the identification of products, which face a higher risk to have shortage and a probability of getting it. The case analysis of Lithuania for drug shortage in the period 2018 is presented.
The paper aims at the need for economic policy evaluators to assess how and whether specific measures can influence the development of markets in a way that achieves greater wealth. Therefore, this study concentrates on well-documented firms’ heterogeneity that significantly impact their ability to compete, influence the market structure, and decide to participate in trade. For the initial attributes and features of the simulated model, we chose Ottaviano demand function. However, we took a different approach regarding demand and its elasticities in the market by employing distributional functions to model the market demand and the demand for each firm’s product. Allowing for the evolution of the market structure, the model reveals the importance of endowment factors and suggests the crucial role of firms’ abilities to compete. What is more important—it affects the time needed for the market structure formation. Although the model does not track all the aspects of a firm’s heterogeneity, it might guide economic policy makers to not only support the business in increasing its capabilities but keep it struggling over the competition to impede the collecting of Ricardian rents.
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