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Status Quo Effects In Bargaining: An Empirical Analysis of OPEC

Hyndman, Kyle - Econometric Society - 2004

We conduct an event analysis on OPEC quota announcements to determine their impact on the stock returns in the oil industry. We find that announcements to reduce the quota are followed by positive excess returns over pre-announcement levels, announcements of no action are met with negative...

Persistent link: https://www.econbiz.de/10005063722

Rating Timing Differences between the two Leading Agencies:

Bissoondoyal-Bheenick, Emawtee - Econometric Society - 2004

This study examines the impacts of rating change timing differences between the two leading agencies, namely, Standard and Poorââ‚¬â„¢s and Moodyââ‚¬â„¢s with particular focus on the stock market impact of Standard and Poorââ‚¬â„¢s Foreign Currency rating changes and...

Persistent link: https://www.econbiz.de/10005702570

Econometrics

Acemoglu, Daron (contributor) - 2013

Persistent link: https://www.econbiz.de/10010213203

Subsampling Hypothesis Tests for Nonstationary Panels with Applications to the PPP Hypothesis

Chu, Timothy; Choi, In - Econometric Society - 2004

This paper studies subsampling hypothesis tests for panel data that are possibly nonstationary, and cross-sectionally correlated and cross-sectionally cointegrated. The tests include panel unit root and cointegration tests as special cases. The number of cross-sectional units in the panel data...

Persistent link: https://www.econbiz.de/10005328871

What Determines Foreign Direct Investment? An Empirical Investigation

Larrain, Felipe - Econometric Society - 2004

Foreign Direct Investment has become an important source of long-term capital inflows for less developed countries in the last two decades. As documented in previous literature, FDI flows may increase permanently domestic output and represent an important source of technological spillovers for...

Persistent link: https://www.econbiz.de/10005328884

Assesment of the relationship between Inequality and Economic Growth: A panel Data Approach

Diaz, Araceli Ortega - Econometric Society - 2004

The relationship between income distribution and economic growth has been found to depend on several factors such as capital markets imperfections, moral hazard, indivisibility in investments, and existence of dual economic characteristics. In recent literature the importance of geography has...

Persistent link: https://www.econbiz.de/10005328905

EXCHANGE RATE REGIMES AND FISCAL PERFORMANCE. DO FIXED EXCHANGE RATE REGIMES GENERATE MORE DISCIPLINE THAN FLEXIBLE ONES?

Vuletin, Guillermo J. - Econometric Society - 2004

the possibility of indebtedness and of the characteristics of the international finance system –integration, volatility … potential sanctioning of the finance system. It is found that in situations in which there is no original fiscal discipline and …. The same functioning of the international finance system can, through their potential sanction, achieve greater discipline …

Persistent link: https://www.econbiz.de/10005328952

Male-Female Wage and Productivity Differentials: A Structural Approach Using Japanese Firm-Level Panel Data

Kawaguchi, Daiji - Econometric Society - 2004

In an attempt to explain male-female wage differential, I estimated the relative marginal productivity and relative wage of female workers compared to those of male workers using panel data of Japanese firms. The relative wage of female workers is also estimated from the same data....

Persistent link: https://www.econbiz.de/10005342154

A Dynamic Analysis of the Evolution of Conventions in a Public Goods Experiment with Intergenerational Advice

Graziano, Sara; Chaudhuri, Ananish; Maitra, Pushkar - Econometric Society - 2004

In this paper we analyse contributions to a public good within an inter-generational framework where at the end of each session one generation of subjects leave advice for the succeeding generation via free form messages. Such advice can be private (advice left by one player in generation t is...

Persistent link: https://www.econbiz.de/10005342167

Panel Data Sample Selection Model: an Application to Employee Choice of Health Plan Type and Medical Cost Estimation

Ahn, Jeonghoon - Econometric Society - 2004

This paper utilizes a nonparametric panel data sample selection model to correct selection bias in the analysis of longitudinal medical claims data. Selection bias in the health economics data is a common problem and many health economists have used Heckman type selection models in...

Persistent link: https://www.econbiz.de/10005342305