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Predictability of asset returns and the efficient market hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10003985756

The economics of human development and social mobility

Heckman, James J.; Mosso, Stefano - 2014

This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...

Persistent link: https://www.econbiz.de/10010252655

Migration and cross-border financial flows

Kugler, Maurice; Levintal, Oren; Rapoport, Hillel - 2013

The gravity model has provided a tractable empirical framework to account for bilateral flows not only of manufactured goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the role of information costs in preventing larger...

Persistent link: https://www.econbiz.de/10009787347

Infinite dimensional VARs and factor models

Chudik, Alexander (contributor); … - 2007

This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...

Persistent link: https://www.econbiz.de/10003646695

In-group cooperation in a hostile environment : an economic perspective on some aspects of Jewish life in (pre-modern) diaspora

Rapoport, Hillel; Weiss, Avi - 2002

The demographic history of the Jews in the Middle Ages may be characterized by two main phenomena: i) a sharp drop in the number of Jews until the beginning of the modern period, due mainly to conversions; and, ii) early urbanization. Until now, these features have been analyzed as primarily...

Persistent link: https://www.econbiz.de/10011411192

Skill policies for Scotland

Heckman, James J. (contributor); … - 2004

This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. We present evidence that...

Persistent link: https://www.econbiz.de/10002540578

A pair-wise approach to testing for output and growth convergence

Pesaran, M. Hashem (contributor) - 2004 - [Elektronische Ressource]

to output series in the Penn World Tables over 1950-2000, as well as to Maddion's historical series over 1870 …

Persistent link: https://www.econbiz.de/10002422931

China's emergence in the world economy and business cycles in Latin America

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2011

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

Persistent link: https://www.econbiz.de/10009311486

Migration policy, African population growth and global inequality

Mountford, Andrew; Rapoport, Hillel - 2014

According to recent UN projections more than 50 percent of the growth in world population over the next half century … significant impact on the world distribution of income. In this paper we discuss the potential for migration policies to affect … more or less restrictive/selective migration policies and derive their implications for the evolution of world inequality. …

Persistent link: https://www.econbiz.de/10010382705

Remittances and the brain drain revisited : the microdata show that more educated migrants remit more

Bollard, Albert; McKenzie, David J.; Morten, Melanie; … - 2009

Two of the most salient trends surrounding the issue of migration and development over the last two decades are the large rise in remittances, and an increased flow of skilled migration. However, recent literature based on cross-country regressions has claimed that more educated migrants remit...

Persistent link: https://www.econbiz.de/10003909197