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"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...
Persistent link: https://www.econbiz.de/10011394155
"China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets slightly greater than zero percent of wealth. This is surprising given that China is a relatively poor country with a capital-labor ratio about one-fifth the world average and...
Persistent link: https://www.econbiz.de/10010522399
"Over the past decade the United States has experienced widening current account deficits and a steady deterioration of its net foreign asset position. During the second half of the 1990s, this deterioration was fueled by foreign investment in a booming U.S. stock market. During the first half...
Persistent link: https://www.econbiz.de/10010522528
panel data models with country-specific fixed effects. The empirical results show that the most robust growth determinants …
Persistent link: https://www.econbiz.de/10011394124
training. They use a panel of large firms with unusually detailed information on the duration of training, the direct costs of …
Persistent link: https://www.econbiz.de/10010522209
. This paper shows how dynamic pseudo-panel methods can overcome these difficulties, allowing estimation of non-linear income … Mexico and are compared to panel data estimates from a short rotating panel. The results do find evidence of nonlinearities … in household income dynamics and demonstrate large bias in the panel data estimates. Nevertheless, even after allowing …
Persistent link: https://www.econbiz.de/10010522436
and of the flexibility and freedom of its labor market. But estimation of mobility using panel data is biased by the … presence of measurement error and non-random attrition from the panel. This paper shows that dynamic pseudo-panel methods can …-classical measurement errors. These methods are applied to data on earnings from a Mexican quarterly rotating panel. Absolute mobility in …
Persistent link: https://www.econbiz.de/10010522455
probability of a crisis are of the expected sign. The panel data set covers the time period 1973 through 2003 for 90 countries …
Persistent link: https://www.econbiz.de/10010522552
Persistent link: https://www.econbiz.de/10010523004
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