Showing 1 - 10 of 46
We use a Kalman filter type model of financial markets to extract a global stochastic trend from the discrete non-synchronous data on daily stock market index returns of different stock exchanges. The model is tested for robustness. In addition, we derive “most important” hours of world...
Persistent link: https://www.econbiz.de/10010674216
We empirically test the dependence of the Russian stock market on the world stock market and world oil prices in the period 1997:10–2012:02. We also consider three Eastern European stock markets (Poland, the Czech Republic, and Hungary), as well as two markets outside Europe (Turkey and South...
Persistent link: https://www.econbiz.de/10010818553
inequality measures. LIS is a well-managed and undeniably important global public institution for research on inequality and … addressed by a truly global micro-data base for studying poverty and inequality. …
Persistent link: https://www.econbiz.de/10010878110
The interplay of between- and within-country inequality, the relative contribution of each to overall global inequality … avenue for economic research. Drawing conclusions from aggregate inequality indices such as the Gini and Theil reduces the … highly complex nature of global inequality to a single coefficient and makes it impossible to take a nuanced view of how …
Persistent link: https://www.econbiz.de/10010878113
inequality for policymakers and citizens to track. …
Persistent link: https://www.econbiz.de/10010878121
comparable methodology yields the following results. Direct taxes and cash transfers reduce inequality and poverty by nontrivial … at government costs, they reduce inequality in all countries by considerably more than cash transfers, reflecting their …
Persistent link: https://www.econbiz.de/10010878122
Inequality in Mexico rose between 1989 and 1994 and declined between 1994 and 2010. We examine the role of market … (cash transfers) in explaining changes in inequality. We apply the ‘re-centered influence function’ method to decompose …-in demand; institutional factors were not relevant. Government transfers contributed to the decline in inequality, especially …
Persistent link: https://www.econbiz.de/10010878123
Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be … Surveys, to revisit the question of whether inequality is associated with economic growth and, in particular, to examine … whether inequality of opportunity – driven by circumstances at birth - has a negative effect on subsequent growth. Results are …
Persistent link: https://www.econbiz.de/10010878124
The paper defines the Gini index as the sum of individual contributions where individual contributions are interpreted as the degree of diversity of each individual from all other members of society. Among various possible forms of individual contributions to the Gini found in the literature, we...
Persistent link: https://www.econbiz.de/10010878125
-level datasets, as well as datasets reconstructed from grouped data on income distribution taken from the World Income Inequality … growth in the short term, while the impact of income inequality on growth is statistically insignificant. Our results are …
Persistent link: https://www.econbiz.de/10010878126