Similar Search Results

Reuben, Ernesto; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2008

, we use a combination of lab, field, and survey evidence to study whether these two types of behaviour are indeed linked … behaviour in cashing the check and completing tasks on time. Our results lend support to the hypothesis that subjects who have a …

Persistent link: https://www.econbiz.de/10005791459

Adjustment Costs in Factor Demand

Hamermesh, Daniel S.; Pfann, Gerard Antonie - C.E.P.R. Discussion Papers - 1996

firms’ dynamic behaviour in factor markets. …

Persistent link: https://www.econbiz.de/10005661591

Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports

Muscatelli, Vito Antonio; Srinivasan, T G; Vines, David - C.E.P.R. Discussion Papers - 1992

This paper considers the issue of whether a small developing economy such as Hong Kong faces a perfectly elastic demand for its exports of manufactured goods. We construct a simultaneous demand and supply system which is estimated using Full Information Maximum Likelihood methods, and which...

Persistent link: https://www.econbiz.de/10005792379

Bank Lending and Property Prices in Hong Kong

Gerlach, Stefan; Peng, Wensheng - C.E.P.R. Discussion Papers - 2004

This Paper studies the relationship between residential property prices and lending in Hong Kong. This is an interesting topic for three reasons. First, swings in property prices have been extremely large and frequent in Hong Kong. Second, under the currency board regime, monetary policy cannot...

Persistent link: https://www.econbiz.de/10005661824

Interpreting the Term Structure of Interbank Rates in Hong Kong

Gerlach, Stefan - C.E.P.R. Discussion Papers - 2002

This Paper studies the term structure of short-term interbank rates in Hong Kong. Principal component analysis suggests that the variation of the term structure can be largely attributed to two components that capture shifts in the level and slope of the yield curve. We find that term spreads...

Persistent link: https://www.econbiz.de/10005661871

Religion and Innovation

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

In earlier work (Bénabou, Ticchi and Vindigni 2013) we uncovered a robust negative association between religiosity and patents per capita, holding across countries as well as US states, with and without controls. In this paper we turn to the individual level, examining the relationship between...

Persistent link: https://www.econbiz.de/10011213308

Culture, Institutions and Democratization

Gorodnichenko, Yuriy; Roland, Gérard - C.E.P.R. Discussion Papers - 2015

We construct a model of revolution and transition to democracy under an individualistic and a collectivist culture. The … culture are more likely to end up adopting democracy faster than countries with a collectivist culture. Our instrumental … variable estimation suggests a strong and robust effect of individualistic culture on average polity scores and length of …

Persistent link: https://www.econbiz.de/10011266531

Product-Based Cultural Change: Is the Village Global?

Maystre, Nicolas; Olivier, Jacques; Thoenig, Mathias; … - C.E.P.R. Discussion Papers - 2009

This paper makes three contributions to the growing literature on culture and economics. Using answers to the World … cultural distance; (iii) trade openness has a lock-in effect on culture. Third, we test the model using an instrumental …

Persistent link: https://www.econbiz.de/10005082538

When the State Mirrors the Family: The Design of Pension Systems

Galasso, Vincenzo; Profeta, Paola - C.E.P.R. Discussion Papers - 2011

We study how the prevailing internal organization of the family affected the initial design of pension systems. Our theoretical framework predicts that, in society with weak family ties, pensions systems were introduced to act as a safety net, while in societies with strong ties they replicate...

Persistent link: https://www.econbiz.de/10009399717

Culture, Policies and Labor Market Outcomes

Giavazzi, Francesco; Schiantarelli, Fabio; Serafinelli, … - C.E.P.R. Discussion Papers - 2009

analysis improves upon existing studies of the role of "culture" for labor market outcomes by dealing explicitly with the … do all this we find that culture still matters for women employment rates and for hours worked. However, policies and …

Persistent link: https://www.econbiz.de/10008496460