Suchergebnisse

This study addresses the question of the constitution of markets in advanced societies. Specifically, the article studies the role of the traveling trade show in creating the real time computing market, which is part of the US electronics sector, during the mid-1990's. Real time computing products assist the transfer, storage and processing of digital signals in real time and support many of the internet applications we use today. By applying ethnographic methods, we explore the general question of how economic actors cope with uncertainty in the phase of market-making and at the cutting edge of technology. The paper makes two contributions to the existing literature. First, it shows that the attempt to organize a trade show in real time computing was triggered by the uncertainty experienced by sellers regarding the identity of prospective buyers and about the exact use to which they would put the emergent technology which is offered for sale. Secondly, we trace the history of an emergent market. We claim that trade shows for innovative products are important venues at which markets coalesce. The identification and ordering of market actors, the institutionalization of a distinct business culture and the social networks developed among market actors and across the subsidiary markets provided the basic social infrastructure for what later became known as the real time computing industry.

Objectives This study aims to empirically test the smooth adjustment hypothesis (SAH) in the Portuguese labour market during 2000–2018, considering changes in employment, wage, productivity, consumption and the marginal intra-industry trade. Research Design So, following the literature, a greater marginal intra-industry trade intensity should reduce adverse shocks expressed in temporary inefficiencies such as undesirable job search costs and workers' relocation and retraining. According to state of the art, our research strategy considered a battery of diagnosis tests about the random generating process of variables included in a dynamic panel data model. Methods The extensive work developed in this paper is a further step to introduce recent techniques such as the Method of Moments Quantile Regression and the cointegration panel models to infer long-term dynamics. Results and Conclusions Overall, the main point is that we find evidence confirming the hypothesis mentioned above, showing that mutual interactions reduce adverse shocks above mentioned. Thus, the study demonstrates that the marginal intra-industry trade promotes smooth adjustment in the Portuguese economy.