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Eberhardt, Markus; Banerjee, Anindya; Reade, J. James - Department of Economics, Oxford University - 2010

The recent blossoming of panel econometrics in general and panel time-series methods in particular has enabled many more research questions to be investigated than before. However, this development has not assuaged serious concerns over the lack of diagnostic testing procedures in panel...

Persistent link: https://www.econbiz.de/10008739202

Modeling the Demand for Emerging Market Assets

Fitzgerald, Valpy; Krolzig, Derya - Department of Economics, Oxford University - 2003

This paper addresses the problem of estimating the aggregate international demand schedule for emerging market (EM) securities as an asset class. The standard ââ‚¬Ëœpush-pullââ‚¬â„¢ model of capital flows is modified by reference to recent work on portfolio choice in the context...

Persistent link: https://www.econbiz.de/10011146252

Investment Promotion and FDI Inflows: Quality Matters

Harding, Torfinn; Javorcik, Beata - Department of Economics, Oxford University - 2012

Information asymmetries constitute a significant obstacle to capital flows across international borders, and in particular to flows of foreign investment (FDI) to emerging markets. Many governments aim to reduce information barriers by emerging in investment promotion activities. Despite...

Persistent link: https://www.econbiz.de/10011004238

Greed and Grievance in Civil War

Collier, Paul; Hoeffler, Anke - Department of Economics, Oxford University - 2002

We investigate the causes of civil war, using a new data set of wars during 1960-99. We test a greed theory focusing on the ability to finance rebellion, against a grievance theory focusing on ethnic and religious divisions, political repression and inequality. We find that greed considerably...

Persistent link: https://www.econbiz.de/10010605126

Heterogeneity in dynamic discrete choice models

Browning, Martin; Carro, Jesus - Department of Economics, Oxford University - 2006

We consider dynamic discrete choice models with heterogeneity in both the levels parameter and the state dependence parameter. We first analyse the purchase of full fat milk using a long consumer panel (T 100) on many households. The large T nature of the panel allows us to consistently...

Persistent link: https://www.econbiz.de/10005090670

Rich States, Poor States: Convergence and Polarisation in India

Bandyopadhyay, Sanghamitra - Department of Economics, Oxford University - 2006

The distribution dynamics of incomes across Indian states are examined using the entire income distribution rather than using standard regression approaches. The period 1965 to 1997 exhibits twin-peaked dynamics: there are two income convergence clubs at 50% and 125% of the national average...

Persistent link: https://www.econbiz.de/10005047726

Efficient and feasible inference for the components of financial variation using blocked multipower variation

Shephard, Neil; Sheppard, Kevin - Department of Economics, Oxford University - 2012

High frequency financial data allows us to learn more about volatility, volatility of volatility and jumps. One of the … estimates time-varying volatility robustly to jumps. We improve the scope and efficiency of multipower variation by the use of … first nonparametric high frequency estimator of the volatility of volatility. A fundamental device in the paper is a new …

Persistent link: https://www.econbiz.de/10009650770

Variation, jumps, market frictions and high frequency data in financial econometrics

Shephard, Neil; Barndorff-Nielsen, Ole E. - Department of Economics, Oxford University - 2005

shift in one of the most important areas in econometrics: volatility measurement, modelling and forecasting. We will …

Persistent link: https://www.econbiz.de/10005047794

Openness and inflaton volatility: Cross-country evidence

Bowdler, Christopher; Malik, Adeel - Department of Economics, Oxford University - 2005

Recent decades have seen a considerable expansion of global trade and a simultaneous decline in inflation volatility … effect of openness on inflation volatility. This relationship is estimated after controlling for the potential endogeneity of … relationship between openness and inflation volatility is more pronounced in developing and emerging market economies than in OECD …

Persistent link: https://www.econbiz.de/10010605138

Financial Liberalisation and Capital Regulation in Open Economies

Morrison, Alan; White, Lucy - Department of Economics, Oxford University - 2004

We model the interaction between two economies where banks exhibit both adverse selection and moral hazard and bank regulators try to resolve these problems. We find that liberalising bank capital flows between economies reduces total welfare by reducing the average size and efficiency of the...

Persistent link: https://www.econbiz.de/10011146251

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