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Remittances and their Effect on Emigration Intentions in Egypt, Morocco and Turkey

Dalen, Hendrik P. van; Groenewold, George; Fokkema, Tineke - Tinbergen Instituut - 2005

What determines remittances – altruism or enlightened self-interest - and do remittances trigger additional migration? These two questions are examined empirically in Egypt, Turkey and Morocco for households with family members living abroad. Results show, first, that one cannot clearly...

Persistent link: https://www.econbiz.de/10011255585

Finance and Growth: A Survey of the Theoretical and Empirical Literature

Eschenbach, Felix - Tinbergen Instituut - 2004

economic growth. It starts with the pioneers in this field and then classifies two main schools favouring liberal financial … literature on financial development and endogenous growth pushed the discussion back into the direction initially advocated by … financial development and economic growth. The evidence suggests, however, enormous heterogeneity across countries, regions …

Persistent link: https://www.econbiz.de/10011255816

Quantifying Productivity Gains from Foreign Investment

Fons-Rosen, Christian; Kalemli-Ozcan, Sebnem; Sorensen, … - Tinbergen Instituut - 2013

domestic firms, we calculate the aggregate impact of foreign investment on country-level productivity growth and find it to be …

Persistent link: https://www.econbiz.de/10011256053

Risk and Savings: a Taxonomy

Gunning, Jan Willem - Tinbergen Instituut - 2008

Risk may induce precautionary saving but it can also reduce saving. The theoretical literature recognizes both possibilities, but favors a positive effect (both for developed and developing countries); the empirical literature is divided, reporting (small) positive effects for developed...

Persistent link: https://www.econbiz.de/10011256937

Capital Regulation and Tail Risk

Perotti, Enrico; Ratnovski, Lev; Vlahu, Razvan - Tinbergen Instituut - 2011

The paper studies risk mitigation associated with capital regulation, in a context when banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. When capital raising is costly, poorly...

Persistent link: https://www.econbiz.de/10011257356

Commuters' Preferences for Fast and Reliable Travel

Koster, Paul; Koster, Hans - Tinbergen Instituut - 2013

We employ a semi-parametric estimation approach to analyse observed and unobserved heterogeneity in the value of savings in travel time and schedule delay. Our econometric approach allows for the estimation of unobserved and observed heterogeneity in preferences in a flexible way, meaning that...

Persistent link: https://www.econbiz.de/10011271951

Interlocking Boards and Firm Performance: Evidence from a New Panel Database

Non, Mariëlle C.; Franses, Philip Hans - Tinbergen Instituut - 2007

An interlock between two firms occurs if the firms share one or more directors in their boards of directors. We explore the effect of interlocks on firm performance for 101 large Dutch firms using a large and new panel database. We use five different performance measures, and for each...

Persistent link: https://www.econbiz.de/10011255468

The Use of Spatial Filtering Techniques: The Spatial and Space-time Structure of German Unemployment Data

Patuelli, Roberto; Griffith, Daniel A.; Tiefelsdorf, Michael - Tinbergen Instituut - 2006

Socio-economic interrelationships among regions can be measured in terms of economic flows, migration, or physical geographically-based measures, such as distance or length of shared areal unit boundaries. In general, proximity and openness tend to favour a similar economic performance among...

Persistent link: https://www.econbiz.de/10011255516

Nearly Unbiased Estimation in Dynamic Panel Data Models with Exogenous Variables

Carree, Martin A. - Tinbergen Instituut - 2002

This paper introduces a new estimator for the fixed effects dynamic panel data model withexogenous variables. This estimator does not share some of the drawbacks of recently developed IVand GMM estimators and has a good performance even in small samples. The nearly unbiased estimatoris derived...

Persistent link: https://www.econbiz.de/10011255535

The Importance of Accounting for Time Trends when Estimating the Euro Effect on Trade

Bun, Maurice J.G.; Klaassen, Franc J.G.M. - Tinbergen Instituut - 2003

To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...

Persistent link: https://www.econbiz.de/10011255682