THE ROLE OF FOREIGN DIRECT INVESTMENT IN THE FIRM SELECTION PROCESS IN A HOST COUNTRY: EVIDENCE FROM SLOVENIA

This paper examines the role of inward foreign direct investment (FDI) in firm selection processes in the Slovenian manufacturing sector in the 1994-2003 period by assessing the impact of the entry and presence of foreign firms on a domestic firm’s probability of exiting. The results confirm that not only do foreign entrants tend to be above-average productive but they also find it easier to exit (particularly those entering in the form of acquisitions). Further, the least efficient firms are found to experience a drop in their survival probability upon a foreign firm’s entry. In addition, a foreign firm’s entry seems to stimulate the selection process not only within the industry but also through backward linkages in the upstream supplying industries. Regarding the productivity spillover effects from foreign to local firms the results suggest that they mostly operate through vertical linkages rather than within the same industry.http://deepblue.lib.umich.edu/bitstream/2027.42/57221/1/wp841 .pd

Stable Bose-Einstein correlations

The shape of Bose-Einstein (or HBT) correlation functions is determined for the case when particles are emitted from a stable source, obtained after convolutions of large number of elementary random processes. The two-particle correlation function is shown to have a {\it stretched exponential} shape, characterized by the L\'evy index of stability $0 < \alpha \le 2$ and the scale parameter $R$. The normal, Gaussian shape corresponds to a particular case, when $\alpha = 2$ is selected. The asymmetry parameter of the stable source, $\beta$ is shown to be proportional to the angle, measured by the normalized three-particle cumulant correlations.Comment: 7 pages, no figures, invited talk of T. Csorgo at the 2nd Warsaw Meeting on Particle Correlations and Resonances in HIC, see http://hirg.if.pw.edu.pl/en/meeting/oct2003/talks/csorgo/Csorgo.pp

Slovenian banks a decade later

Yugoslavia's (1) economic system differed in many respects from the model pursued by other communist countries, and banking is certainly one of the areas where the country set itself apart from its peers. Yugoslavia had already introduced a two-tier banking system in the mid-1950s and also established a decentralised system of communal banks and savings institutions. In 1960, a new banking law further reduced the range of commercial activities of the National Bank of Yugoslavia (the central bank) and opened the way to the creation of commercial banks. To ensure that banks met the needs of non-financial enterprises, the latter were allowed to set up and own commercial banks (2). In the Yugoslav Republic of Slovenia, a milestone in the development of banking was the establishment of the Credit and Savings Bank Ljubljana in 1967, which accounted for about 70 percent of total banking sector assets in Slovenia (Prinčič, 2001) and later evolved into Ljubljanska banka (LB), Slovenia's largest bank. Towards the end of the 1960s, banking licenses were broadened, allowing banks to pursue international operations, including the establishment of representative offices abroad (3). Overall, banks became increasingly independent and profitoriented (Štiblar, 1997)

The Influence of High Multiplicities at RHIC on the Gamov Factor

The corrections for two-pion correlations due to electromagnetic final-state interactions at high secondary multiplicities are investigated. The analysis is performed by solving the Schr\"odinger equation with a potential which is dictated by the multi-particle environment. Two different post-freeze-out scenarios are examined. First, for a uniformly spread environment of secondary particles, a screened Coulomb potential is exploited. It is shown that the presence of a static and uniform post-freeze-out medium results in a noticeable deviation from the standard Gamov factor. However, after going to a more realistic model of an expanding pion system, this conclusion changes drastically. We argue that the density of the secondary pions n_\pi(t,R), where R is a distance from the fireball, is bounded from above by n_\pi(t,R)\le const/R^2 for all times t. Then, a two-particle scalar potential which is found as a solution of the Maxwell equation for non-uniform medium replaces the screened one. Even this upper limit does not result in an essential deviation from the Gamov correction.Comment: 11 pages, 7 figures, minor text corrections are mad

Bose-Einstein or HBT correlations and the anomalous dimension of QCD

Bose-Einstein (or HBT) correlation functions are evaluated for the fractal structure of QCD jets. These correlation functions have a stretched exponential (or Levy-stable) form. The anomalous dimension of QCD determines the Levy index of stability, thus the running coupling constant of QCD becomes measurable with the help of two-particle Bose-Einstein correlation functions. These considerations are tested on NA22 and UA1 two-pion correlation data.Comment: 8 pages, 5 figures, presented by T. Csorgo at the XXXIV International Symposium on Multiparticle Dynamics, Sonoma County, California, USA, July 2004, to appear in Acta Physica Polonica

Bose-Einstein or HBT correlation signature of a second order QCD phase transition

For particles emerging from a second order QCD phase transition, we show that a recently introduced shape parameter of the Bose-Einstein correlation function, the Levy index of stability equals to the correlation exponent - one of the critical exponents that characterize the behavior of the matter in the vicinity of the second order phase transition point. Hence the shape of the Bose-Einstein / HBT correlation functions, when measured as a function of bombarding energy and centrality in various heavy ion reactions, can be utilized to locate experimentally the second order phase transition and the critical end point of the first order phase transition line in QCD.Comment: 8 pages, talk given by T. Csorgo at the Workshop on Particle Correlations and Femtoscopy 2005, Kromeriz, Czech Republic, August 200

THE ROLE OF FOREIGN DIRECT INVESTMENT IN THE FIRM SELECTION PROCESS IN A HOST COUNTRY: EVIDENCE FROM SLOVENIA

This paper examines the role of inward foreign direct investment (FDI) in firm selection processes in the Slovenian manufacturing sector in the 1994-2003 period by assessing the impact of the entry and presence of foreign firms on a domestic firm’s probability of exiting. The results confirm that not only do foreign entrants tend to be above-average productive but they also find it easier to exit (particularly those entering in the form of acquisitions). Further, the least efficient firms are found to experience a drop in their survival probability upon a foreign firm’s entry. In addition, a foreign firm’s entry seems to stimulate the selection process not only within the industry but also through backward linkages in the upstream supplying industries. Regarding the productivity spillover effects from foreign to local firms the results suggest that they mostly operate through vertical linkages rather than within the same industry.foreign direct investment, firm selection process, crowding out, productivity spillovers, Slovenia

Word and Image in Christian Animal Emblems

The article was submitted on 15.02.2015.Исследуется эмблематика изображений животных в памятниках письменности и в области артефактов раннехристианского искусства. Представлен исторический обзор рассматриваемых памятников в период с IX по XI в., времени, когда произошло важное разделение в истории христианской церкви на западную и восточную ветви (церковный раскол 1054 г.). Но в этот же период образовалась славянская письменность и был основан первый литургический язык славян. Автор предлагает заметки по истории древнеславянской богослужебной литературы, но прежде всего сосредоточивается на тех византийских и римских рукописях и памятниках искусства, которые имели значение для развития христианства среди славян. Высказывается мысль о важности и неслучайности появления изображений животных, связанных с идеей божественного творения и преодоления душевной слабости. Привлекаются иконографические изображения, книжные миниатюры и орнаментальные животные мотивы. Вводится контекст из различных книг Святого Писания. Приведенные выводы значимы для расширения сведений как о христианской иконографии, так и об истории славянской культуры в целом.The article explores the animal emblems in the written tradition and artifacts of Early Christian art. The author provides a historical description of the abovementioned monuments created between the 9th and 11th centuries, a period that faced an important event, i. e. the East-West Schism (1054). It was at the same time that the Slavic writing system emerged along with the first liturgical language of the Slavs. The author outlines the history of Old Slavic liturgical literature but mainly focuses on the Byzantine and Roman manuscripts and works of art that played a significant role in the development of Christianity among Slavs. The author argues that the appearing animal depictions connected with the concept of divine creation and the overcoming of spiritual weakness had a significant non-coincidental character. The analysis is made with reference to iconographic images, book miniatures and ornamental animal motifs and to the context of a variety of Scripture books. The conclusions made are important as they provide additional information on both Christian iconography and the history of Slavic culture as a whole

Source Parameters from Identified Hadron Spectra and HBT Radii for Au-Au Collisions at sqrt(s_NN)=200 GeV in PHENIX

The characteristics of the particle emitting source are deduced from low transverse momentum identified hadron spectra (transverse mass less than 1 GeV) and HBT radii using a hydrodynamic interpretation. From the most peripheral to the most central data, the single particle spectra are fit simultaneously for all pions, kaons, and (anti-)protons using the parameterization in [1] and assuming a linear transverse flow profile. Within the systematic uncertainties, the expansion parameters called the freeze-out temperature and flow velocity, respectively decrease and increase with the number of participants, saturating for both at mid-centrality. The expansion using analytic calculations of the kT dependence of HBT radii in [2] is fit to the data but no chi-squared minimum is found.Comment: 4 pages, 4 figures, Contribution to Quark Matter 2002, Nantes, France, July 18-24, 2002. To appear in the proceedings (Nucl. Phys. A