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The Impact of Trade Liberalization on the Return to Education in Vietnam: Wage versus Employment Effect

Oostendorp, Remco H.; Quang, Doan Hong - 2011

Several studies have identified the impact of trade liberalization in developing countries on the return to education within a Mincerian framework through a difference-in-difference estimator or with industry-level measures of trade openness. These studies have typically estimated the return to...

Persistent link: https://www.econbiz.de/10010325919

Systemic Risk Diagnostics

Schwaab, Bernd; Lucas, Andre; Koopman, Siem Jan - 2010

A macro-prudential policy maker can manage risks to financial stability only if currentand future risks can be reliably assessed. We propose a novel framework to assessfinancial system risk. Using a dynamic factor framework based on state-space methods, we model latent macro-financial and credit...

Persistent link: https://www.econbiz.de/10010325790

Identifying the Weights in Exchange Market Pressure

Klaassen, Franc - 2011

Exchange market pressure (EMP) measures the pressure on a currency to depreciate. It adds to the actual depreciation a weighted combination of policy instruments used to ward off depreciation, such as interest rates and foreign exchange interventions, where the weights are their effectiveness....

Persistent link: https://www.econbiz.de/10010325742

Has the Euro increased Trade?

Bun, Maurice J.G.; Klaassen, Franc J.G.M. - 2002

A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade …. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro … euro has significantly increased trade, with an effect of 4% in the first year and cumulating to around 40% in the long …

Persistent link: https://www.econbiz.de/10010325067

Washington meets Wall Street: A Closer Examination of the Presidential Cycle Puzzle

Kraeussl, R.; Lucas, A.; Rijsbergen, D.; van der Sluis, P.J. - 2008

This paper tests the policitcal dimensions of the presidential cycle effect in U.S. financial markets. The presidential cycle effect states that average stock market returns are significantly higher in the last two years compared to the first two years of a presidential term. We confirm the...

Persistent link: https://www.econbiz.de/10010325930

Aggregation Bias in Elasticities of Substitution and the Minimum Wage Paradox

Teulings, Coen N. - 1998

the bias. Estimation results for the United States show elasticities of complementarity to be underestimated by up to a …

Persistent link: https://www.econbiz.de/10010324516

Changing Returns to Education in Portugal during the 1980s and Early 1990s: OLS and quantile regression estimators

Hartog, Joop; Pereira, Pedro T.; Vieira, José A.C. - 1999

This paper examines the evolution of the returns to education in Portugal over the 1980s andearly 1990s. The main findings indicate that the returns to education have increased,particularly after joining the European Union in 1986. Since this occurred along with anincrease in the level of...

Persistent link: https://www.econbiz.de/10010324728

Entrepreneurship Selection and Performance

van der Sluis, Justin; van Praag, Mirjam; Vijverberg, Wim - 2003

This meta-analytical review of empirical studies of the impact of schooling on entrepreneurship selection and performance in developing economies looks at variations in impact across specific characteristics of the studies. A marginal year of schooling in developing economies raises enterprise...

Persistent link: https://www.econbiz.de/10010324769

Education, Growth and Income Inequality

Teulings, Coen N.; van Rens, Thijs - 2002

Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...

Persistent link: https://www.econbiz.de/10010324788

What goes up sometimes stays up: Shocks and Institutions as Determinants of Unemployment Persistence

Amisano, Gianni; Serati, Massimiliano - 2002

We analyse the determinants of unemployment persistence in four OECDcountries byestimating a structural Bayesian VAR with an informative priorbased on an insiders/outsiders model. We explicitly insert unemployment ben-efits and labour taxes so that our identification is not affected by the Faust...

Persistent link: https://www.econbiz.de/10010324805