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Quantifying the intangible impact of the olympics using subjective well-being data

Dolan, Paul; Kavetsos, Georgios; Krekel, Christian; … - 2019

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi- experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in London, Paris, and Berlin during the summers of 2011, 2012, and 2013. We show...

Persistent link: https://www.econbiz.de/10012063244

The determinants of China's international portfolio equity allocations

Agarwal, Isha; Gu, Grace Weishi; Prasad, Eswar S. - 2020

We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows … enormous pool of domestic savings could have a significant impact on global financial markets as China continues to open up its … foreign portfolio allocations, Chinese IIs overweight sectors in which China has a comparative disadvantage. Moreover, Chinese …

Persistent link: https://www.econbiz.de/10012178659

Do female executives make a difference? : the impact of female leadership on gender gaps and firm performance

Flabbi, Luca; Macis, Mario; Moro, Andrea; Schivardi, Fabiano - 2014

We analyze a matched employer-employee panel data set and find that female leadership has a positive effect on female wages at the top of the distribution, and a negative one at the bottom. Moreover, performance in firms with female leadership increases with the share of female workers. This...

Persistent link: https://www.econbiz.de/10010423756

The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10003900319

How does financial globalization affect risk sharing? : Patterns and channels

Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2007

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international...

Persistent link: https://www.econbiz.de/10003586563

Global business cycles : convergence or decoupling?

Kose, M. Ayhan (contributor); … - 2008

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups - industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...

Persistent link: https://www.econbiz.de/10003693703

Fewer jobs or smaller paychecks? : aggregate crisis impacts in selected middle-income countries

Khanna, Gaurav; Newhouse, David Locke; Paci, Pierella - 2011

This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...

Persistent link: https://www.econbiz.de/10009408899

Financial globalization and economic policies

Kose, M. Ayhan; Prasad, Eswar S.; Rogoff, Kenneth S.; … - 2009

We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...

Persistent link: https://www.econbiz.de/10003816538

Globalization, structural change and innovation in emerging economies : the impact on employment and skills

Vivarelli, Marco - 2018

This paper aims to provide a critical overview of the drivers that the relevant theoretical and empirical literature suggests being crucial in dealing with the challenges an emerging country may encounter in its attempts to further catch-up a higher income status, with a particular focus devoted...

Persistent link: https://www.econbiz.de/10011916217

Cross-country differences in productivity : the role of allocation and selection

Bartelsman, Eric J.; Haltiwanger, John C.; Scarpetta, … - 2009

This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. On the one hand, a growing body of empirical research has been relating cross-country differences in key economic outcomes, such...

Persistent link: https://www.econbiz.de/10003920110