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Exploring the international linkages of the euro area : a global VAR analysis

Dees, Stephane; di Mauro, Filippo; Pesaran, Mohammad Hashem - 2005

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

Cross-Country Evidence on Teacher Performance Pay

Woessmann, Ludger - 2010

The general-equilibrium effects of performance-related teacher pay include long-term incentive and teacher-sorting mechanisms that usually elude experimental studies but are captured in cross-country comparisons. Combining country-level performance-pay measures with rich PISA-2003 international...

Persistent link: https://www.econbiz.de/10013139418

Culture and Student Achievement : The Intertwined Roles of Patience and Risk-Taking

Hanushek, Eric A. - 2020

Patience and risk-taking – two cultural traits that steer intertemporal decision-making – are fundamental to human capital investment decisions. To understand how they contribute to international differences in student achievement, we combine PISA tests with the Global Preference Survey. We...

Persistent link: https://www.econbiz.de/10012828793

Religion in Economic History : A Survey

Becker, Sascha O. - 2020

-country analyses seek to understand the broader determinants of religious practice and its various effects across the world. We …

Persistent link: https://www.econbiz.de/10012830986

Global Universal Basic Skills : Current Deficits and Implications for World Development

Gust, Sarah; Hanushek, Eric A.; Woessmann, Ludger - 2022

How far is the world away from ensuring that every child obtains the basic skills needed to be internationally … competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional … skills for 159 countries that cover 98.1% of world population and 99.4% of world GDP. We find that at least two-thirds of the …

Persistent link: https://www.econbiz.de/10014243090

Long run macroeconomic relations in the global economy

Dees, Stephane; Holly, Sean; Pesaran, Mohammad Hashem; … - 2007

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

Modelling volatilities and conditional correlations in futures markets with a multivariate t distribution

Pesaran, Bahram; Pesaran, Mohammad Hashem - 2007

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

School competition and students' entrepreneurial intention: International evidence using historical Catholic roots of private schooling

Falck, Oliver; Woessmann, Ludger - 2010

School choice research mostly focuses on academic outcomes. Policymakers increasingly view entrepreneurial traits as a non-cognitive outcome important for economic growth. We use international PISA-2006 student-level data to estimate the effect of private-school competition on students'...

Persistent link: https://www.econbiz.de/10010270498

Cross-country evidence on teacher performance pay

Woessmann, Ludger - 2010

Persistent link: https://www.econbiz.de/10010270879

Do better schools lead to more growth?: cognitive skills, economic outcomes, and causation

Hanushek, Eric Alan; Woessmann, Ludger - 2009

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Persistent link: https://www.econbiz.de/10010274159