Showing 1 - 10 of 21
A reasonable future for Europe can only be achieved if two essential elements are fulfilled: Firstly, newly established institutions must be democratic and have strong support from citizens rather than from national governments. Secondly, the large number of different ethnic, cultural,...
Persistent link: https://www.econbiz.de/10012892304
This paper presents a global model linking individual country vector error-correcting models in which the domestic variables are related to the country-specific variables as an approximate solution to a global common factor model. This global VAR is estimated for 26 countries, the euro area...
Persistent link: https://www.econbiz.de/10010276161
Smith (2007) to test for long run restrictions in each country/region conditioning on the rest of the world. Bootstrapping …
Persistent link: https://www.econbiz.de/10010276204
This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by Engle (2002), and suggests the use of devolatized returns computed as returns standardized by realized volatilities rather than by GARCH type volatility estimates. The t-DCC...
Persistent link: https://www.econbiz.de/10010276212
Publication and citation rankings have become major indicators of the scientific worth of universities and countries, and determine to a large extent the career of individual scholars. We argue that such rankings do not effectively measure research quality, which should be the essence of...
Persistent link: https://www.econbiz.de/10010264471
In the course of history, a large number of politicians have been assassinated. Rational choice hypotheses are developed and tested using panel data covering more than 100 countries over a period of 20 years. Several strategies, in addition to security measures, are shown to significantly reduce...
Persistent link: https://www.econbiz.de/10010264506
Awards play a large role in the economics profession, which is documented by the large variety and number of awards. However, little scientific attention has been devoted to them. This paper documents the prevalence of awards in the economics profession and analyzes the number and type of awards...
Persistent link: https://www.econbiz.de/10010264531
An empirical overview of the UNESCO World Heritage List according to various characteristics is presented. The … officially stated intention of the World Heritage List is to protect global heritage. Our focus is on the imbalance of the … considered balanced from different points of view. It turns out that the World Heritage List is unbalanced with respect to a …
Persistent link: https://www.econbiz.de/10010267053
The UNESCO World Heritage List contains the 900 most treasured Sites of humanity's culture and landscapes. The World …
Persistent link: https://www.econbiz.de/10010270512
Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture … Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List … and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the …
Persistent link: https://www.econbiz.de/10010273803