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Off-shoring and productivity growth in the Italian manufacturing industries

Daveri, Francesco; Jona-Lasinio, Cecilia - 2008

We study the relation between the off-shoring of intermediates and services and productivity growth in the Italian … manufacturing industries in 1995-2003. Our results indicate that the off-shoring of intermediates within the same industry ("narrow … off-shoring") is beneficial for productivity growth, while the off-shoring of services is not. We also find that the way …

Persistent link: https://www.econbiz.de/10010264353

Urban-Biased Structural Change

Chen, Natalie; Novy, Dennis; Perroni, Carlo; Wong, … - 2023

aggregate structural change. Rising manufacturing productivity and falling international trade costs further contribute to the …Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over … manufacturing firms that increasingly locate in suburban and rural areas. Motivated by these findings, we estimate a structural …

Persistent link: https://www.econbiz.de/10014469530

Tax base erosion and inequity from Michigan's assessment growth limit: The case of Detroit

Hodge, Timothy R.; Skidmore, Mark; Sands, Gary; … - 2013

In this paper we examine the degree to which Michigan's property value assessment growth cap has eroded the tax base and created substantial differences in effective tax rates among residential properties within the City of Detroit. While the analysis focuses on a specific city with significant...

Persistent link: https://www.econbiz.de/10010291487

A Ricardian Analysis of the Impact of Climate Change on European Agriculture

Van Passel, Steven; Massetti, Emanuele; Mendelsohn, … - 2014

This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across Western Europe. We demonstrate that a median quantile...

Persistent link: https://www.econbiz.de/10010398558

Measuring Alpha in the Fund Management Industry: Do Female Managers Perform Better?

Babalos, Vassilis; Caporale, Guglielmo Maria; … - 2013

This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently with previous studies, no significant differences in...

Persistent link: https://www.econbiz.de/10010317013

Echoes of Instability: How Geopolitical Risks Shape Government Debt Holdings

Afonso, António; Alves, José; Monteiro, Sofia - 2024

Recognizing the profound influence of geopolitical risks and world uncertainty on financial investment behaviour, this study uses a comprehensive approach to assess the impact of rising geopolitical risk on sovereign debt holdings for a panel of 24 OECD economies from Q1 2004 to Q4 2023. To do...

Persistent link: https://www.econbiz.de/10015061933

Pay and Unemployment Determinants of Migration Flows in the European Union

Afonso, António; Alves, José; Beck, Krzysztof - 2022

We analyze the migration drivers within the European Union countries. For a set of 23 EU countries over the 1995-2019 period, we use Bayesian Model Averaging and quantile regression to assess notably the relevance of unemployment and earnings. We find that the existence of a common border...

Persistent link: https://www.econbiz.de/10014290041

Have Capital Market Anomalies Worldwide Attenuated in the Recent Era of High Liquidity and Trading Activity?

Auer, Benjamin R.; Rottmann, Horst - 2018

We revisit and extend the study by Chordia et al. (2014) which documents that, in recent years, increased liquidity has significantly decreased exploitable returns of capital market anomalies in the US. Using a novel international dataset of arbitrage portfolio returns for four well-known...

Persistent link: https://www.econbiz.de/10011931954

Harding, Matthew; Lamarche, Carlos; Pesaran, M. Hashem - 2018

This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and interactive effects. The paper adopts the Common Correlated Effects (CCE) approach proposed by Pesaran (2006) and Chudik and Pesaran (2015) and demonstrates that the extension...

Persistent link: https://www.econbiz.de/10011931961

Gravity without Apology: The Science of Elasticities, Distance, and Trade

Carrère, Céline; Mrázová, Monika; Neary, J. Peter - 2020

Gravity as both fact and theory is one of the great success stories of recent research on international trade, and has featured prominently in the policy debate over Brexit. We first review the facts, noting the overwhelming evidence that trade tends to fall with distance. We then introduce some...

Persistent link: https://www.econbiz.de/10012207925