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This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over time. It is concluded that the main reason for the observed high correlations over the recent period is probably government policy
Persistent link: https://www.econbiz.de/10014396226
Using data for a sample of developing and transition countries, this paper estimates the relationship between government spending on health care and education, and social indicators. Unlike previous studies, where social indicators are used as proxies for the unobservable health and education...
Persistent link: https://www.econbiz.de/10014399239
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries...
Persistent link: https://www.econbiz.de/10014396141
The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … holders’ preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …
Persistent link: https://www.econbiz.de/10014401318
Persistent link: https://www.econbiz.de/10004661402
The Handbook on Measuring Digital Trade sets out a conceptual and measurement framework for digital trade which aligns …
Persistent link: https://www.econbiz.de/10014435647
internationally. The Handbook on Measuring Digital Trade sets out a conceptual and measurement framework for digital trade that aligns …
Persistent link: https://www.econbiz.de/10015059179
The Report evaluates statistical practices relating to the measurement of international capital flows. In particular …
Persistent link: https://www.econbiz.de/10014403133
The Background Papers gathers together a number of studies that were prepared as research to the final report. Although not a part of the report itself, these papers provide detail on a number of issues grouped together here by general topic; data sources and methodology, direct investment,...
Persistent link: https://www.econbiz.de/10014398996
Although Armenia itself has a population of only about 3 million, an estimated 8 million Armenians live abroad. In this paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of remittances and subsequently present estimates of the...
Persistent link: https://www.econbiz.de/10011244293