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No-arbitrage macroeconomic determinants of the yield curve
Bikbov, Ruslan; Chernov, Mikhail - HAL - 2010
No-arbitrage macro-finance models use variance decompositions to gauge the extent of association between the macro variables and yields. We show that results generated by this approach are sensitive to the order of variables in the recursive identification scheme. In a four-factor model, one may...
Persistent link: https://www.econbiz.de/10010774284
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No-arbitrage macroeconomic determinants of the yield curve
Bikbov, Ruslan; Chernov, Mikhail - HAL - 2010
No-arbitrage macro-finance models use variance decompositions to gauge the extent of association between the macro variables and yields. We show that results generated by this approach are sensitive to the order of variables in the recursive identification scheme. In a four-factor model, one may...
Persistent link: https://www.econbiz.de/10010570527
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Convergent trends in aggregate and firm volatility
Pollack, Joseph Richard - HAL - 2013
This article unearths the determinants of the volatility of aggregate and firm-level production proxied by output and turnover respectively. This article re-visits Comin and Mulani's Note on the diverging trends between aggregate and firm volatility. Similarly to their conclusions, I establish...
Persistent link: https://www.econbiz.de/10010820876
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Vulnerabilities in Central and Eastern European countries: Dynamics of asymmetric shocks
Zdzienicka-Durand, Aleksandra - HAL - 2009
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/10008791757
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New technologies and firm organization : the case of electronic traceability systems in French agribusiness
Galliano, Danielle; Orozco, Luis - HAL - 2013
changes, in the process of ETS adoption in agribusiness. We use data from the French "Organizational Changes and …
Persistent link: https://www.econbiz.de/10010898917
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Strategic Interactions in Environmental Regulation Enforcement: Evidence from Chinese Provinces
Renard, Mary-Françoise; Xiong, Hang - HAL - 2012
towards China's decentralization of environment policy implementation as well as its fiscal arrangements. …
Persistent link: https://www.econbiz.de/10009651572
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Determinants of FDI into China and Vietnam: A comparative study
Pham, Thi-Hong-Hanh - HAL - 2012
Since the inception of economic reforms, China in 1978 and Vietnam in 1986, both countries have become successful … between China and Vietnam?" through a comparative study of the FDI determinants. In other words, this paper revisits the … determinants of FDI into China and Vietnam by employing an augmented gravity model and using a panel dataset containing information …
Persistent link: https://www.econbiz.de/10009651580
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The world upside down
Fabre, Guilhem; Grumbach, Stephane - HAL - 2012
R&D and innovation have become much more strategic than ever before for the growth of China as well as for its global … perspective explaining the legacy of the past in today's choices. In the second part, we illustrate China's catching up strategy …
Persistent link: https://www.econbiz.de/10009654257
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Return migrants : The rise of new entrepreneurs in rural China
Démurger, Sylvie; Xu, Hui - HAL - 2011
rural household survey conducted in Wuwei county (Anhui province, China) in 2008. We apply two complementary approaches : a …
Persistent link: https://www.econbiz.de/10009323941
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Earnings Differentials between the Public and Private Sectors in China: Exploring Changes for Urban Local Residents in the 2000s
Démurger, Sylvie; Li, Shi; Yang, Juan - HAL - 2012
This paper analyzes the changes in public-private sector earnings differentials for local residents in urban China …
Persistent link: https://www.econbiz.de/10009323945