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Time series and spatial interaction : an alternative method to detect converging clusters

Alexiadis, Stilianos; Koch, Matthias; Krisztin, Tamás - 2011

In this paper an attempt is made to assess the hypothesis of re- gional club-convergence, using a spatial panel analysis combined with B-Splines. In this context, a 'convergence-club' is conceived as a group of regions that in the long-run move towards steady-state equilib- rium, approximated in...

Persistent link: https://www.econbiz.de/10011527336

Wage gaps and migrantion costs : an analysis from simulation data

Salazar-Ordóñez, Melania; García Alonso, Carlos Ramón; … - 2011

Borjas (1987, 1991 and 1994) developed the self-selection theory, applying Roy's model (1951) to migration studies. He … the individual investment decision theory (Human Capital theory), applying simulated data by Monte-Carlo method. The … theory of individual investment decisions allows us to analyze self-selection patterns across differences in wages and …

Persistent link: https://www.econbiz.de/10011548528

Interactions between financial markets and macroeconomic variables in EU : a nonlinear modeling approach

Albu, Lucian-Liviu; Lupu, Radu; Călin, Adrian Cantemir - 2015

There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...

Persistent link: https://www.econbiz.de/10011480254

Stagnant wages, sectoral misallocation and slowing productivity growth

Schmöller, Michaela - 2019

I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest that an upward shift in employment, triggered for...

Persistent link: https://www.econbiz.de/10012307862

Shareholders and wage determination

Ogorevc, Marko; Šlander, Sonja - 2010

workers and therefore to higher wages, or so the often cited rent-sharing theory of multinational firms explains. But studies …

Persistent link: https://www.econbiz.de/10011571230

Wage system manufacturing company : normative and expectations

Arniati; Gunawan, Hendra; Kartikaningdyah, Ely - In: International journal of economics and financial issues … 5 (2015) 1, pp. 304-310

Persistent link: https://www.econbiz.de/10011691013

Spatial mobility and wage profiles : the role of general and location specific human capital matching

Morkutė, Gintarė - 2016

While there is a wealth of literature dealing with the spatial nature of knowledge and its transferral, I argue that the underlying mechanisms have not been sufficiently understood. Existing research relating the geography of inflows to firm productivity does not adequately address firm and...

Persistent link: https://www.econbiz.de/10012491902

How informative is high-frequency data for tail risk estimation and forecasting? : an intrinsic time perspectice

Dimitriadis, Timo; Halbleib, Roxana - 2019

This paper proposes a novel and simple approach to compute daily Value at Risk (VaR) and Expected Shortfall (ES) directly from high-frequency data. It assumes that financial logarithm prices are subordinated unifractal processes in the intrinsic time, which stochastically transforms the clock...

Persistent link: https://www.econbiz.de/10012317619