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Economy Wide Impact of the Trade Integration between Japan and India: A Computable General Equilibrium Analysis
Bhattacharyay, Biswa Nath; Mukhopadhyay, Kakali - CESifo - 2013
Japan and India signed the much-awaited Comprehensive Economic Partnership Agreement (CEPA) on 16th February 2011. The CEPA will eliminate tariff on goods that account for 94% of their two way trade over ten years and will boost bilateral trade and investment. Indian exports which were subject...
Persistent link: https://www.econbiz.de/10010732348
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Understanding the Latest Wave and Future Shape of Regional Trade and Cooperation Agreements in Asia
Bhattacharyay, Biswa N. - CESifo - 2006
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high … growth rates, Asia is still facing considerable socio-economic challenges. If Asia is to reemerge as a major power in the … region’s economies more integrated regionally and internationally. Following the recent global trend, Asia witnessed a wave …
Persistent link: https://www.econbiz.de/10005406449
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Roles of Social Conformity in Deviance in Poverty: A Study on Working Poverty and Educational Investment in Bangladesh
Bhattacharyay, Biswa N.; Gangopadhyay, Partha; Rahman, … - CESifo - 2013
In recent decades the Indian subcontinent has displayed remarkable invariance in the incidence of working poverty despite strong economic performance. It is widely held that education can rescue households from various types of poverty traps created by information problems and incorrect...
Persistent link: https://www.econbiz.de/10010693470
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Catastrophic Medical Expenditure Risk
Flores, Gabriela; O'Donnell, Owen - CESifo - 2013
medical expenditure risk in seven Asian countries and find it is highest in Laos and China, and is lowest in Malaysia …
Persistent link: https://www.econbiz.de/10010693478
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The Value of the Revolving Door: Political Appointees and the Stock Market
Luechinger, Simon; Moser, Christoph - CESifo - 2012
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six...
Persistent link: https://www.econbiz.de/10010877749
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Fundamentals, Misvaluation, and Investment: The Real Story
Chirinko, Robert S.; Schaller, Huntley - CESifo - 2007
Is real investment fully determined by fundamentals or is it sometimes affected by stock market misvaluation? We introduce three new tests that: measure the reaction of investment to sales shocks for firms that may be overvalued; use Fama-MacBeth regressions to determine whether "overinvestment"...
Persistent link: https://www.econbiz.de/10005766115
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Long Run and Cyclical Dynamics in the US Stock Market
Caporale, Guglielmo Maria; Gil-Alana, Luis A. - CESifo - 2007
orders of integration both at the zero (long-run) and the cyclical frequencies. We examine the following series: inflation …
Persistent link: https://www.econbiz.de/10005094381
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The Environmental and Macroeconomic Effects of Socially Responsible Investment
Dam, Lammertjan; Heijdra, Ben J. - CESifo - 2008
We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in...
Persistent link: https://www.econbiz.de/10005196236
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Testing for Convergence in Stock Markets: A Non-Linear Factor Approach
Caporale, Guglielmo Maria; Erdogan, Burcu; Kuzin, Vladimir - CESifo - 2009
This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the...
Persistent link: https://www.econbiz.de/10008572486
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Asymmetry in Volatility: A Comparison of Developed and Transition Stock Markets
Wdowinski, Piotr; Malecka, Marta - CESifo - 2010
ARCH modelling framework of Engle (1982) and its GARCH generalization of Bollerslev (1986) gave a huge impetus to econometric model building in the field of financial time series with time-varying variance. The main idea of the models was to describe the most typical features of capital markets...
Persistent link: https://www.econbiz.de/10008583696