Showing 1 - 8 of 8
We analyze the effect of the degree of judicial enforcement on the probability of credit constraints, the amount of loan and the probability of default. Contrary to the traditional view on judicial efficiency of credit market, our estimation results show that better judicial enforcement...
Persistent link: https://www.econbiz.de/10005002524
In this work, we use the VAR and space-state methodology to analyze how the recent developments in 20 European countries have modified the dynamics of structural shocks. Our results confirm a visible progress in (predominated output fluctuations) supply shocks convergence between the CEECs and...
Persistent link: https://www.econbiz.de/10005002525
This paper shows that internationalized production, modelled as trade in inter- mediate goods, challenges the standard result according to which exchange rate volatility insulates small open economies from external shocks. Movements of relative prices aect the economy through an additional...
Persistent link: https://www.econbiz.de/10005002526
In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … one's neighbors to be of the same color could lead to total segregation, even if total segregation does not correspond to … deepening the understanding of the properties of dynamic models of segregation based on Schelling's hypotheses. Its main …
Persistent link: https://www.econbiz.de/10005004754
This paper proposes a new methodology to check the economic performance of a monetary policy and in particular the inflation targeting policy (ITP). The main idea of this work is to consider the ITP as economically efficient when it generates a stable monetary environment. The latter is...
Persistent link: https://www.econbiz.de/10008490700
We provide experimental evidence of workers’ ingratiation by opinion conformity and of managers’ discrimination in …
Persistent link: https://www.econbiz.de/10010858024
discrimination à l’égard des femmes en Chine urbaine pour l’année 1995, à l’aide d’une extension des méthodes de décomposition de … type Oaxaca-Blinder. Nous montrons que les deux dimensions sont fortement liées et que l’absence de discrimination à l …
Persistent link: https://www.econbiz.de/10005029821
In urban China, urban resident annual earnings are 1.3 times larger than long term rural migrant earnings as observed in a nationally representative sample in 2002. Using microsimulation, we decompose this difference into four sources, with particular attention to path dependence and statistical...
Persistent link: https://www.econbiz.de/10005056869