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The paper develops a theoretical model showing a mutual relationship between corruption and capital account restrictions. According to the model, higher corruption induces stricter restrictions and vice versa. We test the model using panel data for 112 countries over the period 1984-2002 and...
Persistent link: https://www.econbiz.de/10005556016
In this paper R2-type measures of the explanatory power of multivariate linear and categorical probit models proposed in the literature are reviewed and their deficiencies are discussed. It is argued that a measure of the explanatory power should take into account the components which are...
Persistent link: https://www.econbiz.de/10004963825
We propose a generalized estimating equations approach to the analysis of the mean and the covariance structure of a bivariate time series process of panel data with mixed continuous and discrete dependent variables. The approach is used to jointly analyze wage dynamics and the incidence of...
Persistent link: https://www.econbiz.de/10005068845
We model the dynamics of social assistance benefit receipt in Britain using data from the British Household Panel Survey, waves 1-15. First, we discuss definitions of social assistance benefit receipt, and present information about the trends between 1991 and 2005 in the receipt of social...
Persistent link: https://www.econbiz.de/10005069090
This study analyzes the mobility between three labor market states: working in low paid jobs, working in higher paid jobs and not working. Using German panel data I estimate dynamic multinomial logit panel data models with random effects taking the initial conditions problem and potential...
Persistent link: https://www.econbiz.de/10005069104
dynamics. We find that money growth (M1 and M2), national savings, and import growth correlate with currency crises. …
Persistent link: https://www.econbiz.de/10005119432
Indicators of financial crisis generally do not have a good track record. This paper presents an early warning system for six countries in Asia, in which indicators do work.We distinguish three types of financial crises, currency crises, banking crises and debt crises, and extract four groups of...
Persistent link: https://www.econbiz.de/10005119472
Persistent link: https://www.econbiz.de/10003218185
Persistent link: https://www.econbiz.de/10012879581
capital flows to emerging markets, Pensions, Savings and Capital Flows will inform policy and academic debates on financial …This books explores the international aspects of pension reform, private savings and volatile capital markets and …, analysing the implications of financial reform for stimulating savings, and exploring both the benefits and risks of global …
Persistent link: https://www.econbiz.de/10012447865