Narrow search
Showing 1 - 10 of 1,085
Cover Image
Determinants of Stock Market Correlation. Accounting for Model Uncertainty and Reverse Causality in a Large Panel Setting
Afonso, António; Beck, Krzysztof; Jackson, Karen - 2022
We examine 22 determinants of stock market correlations in a panel setting with 651 country pairs of developed …
Persistent link: https://www.econbiz.de/10014237624
Cover Image
The Short-Run and Long-Run Effects of Trade Openness on Financial Development : Some Panel Evidence for Europe
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including …
Persistent link: https://www.econbiz.de/10013227601
Cover Image
Protectionism and Economic Growth : Causal Evidence from the First Era of Globalization
Potrafke, Niklas; Ruthardt, Fabian; Wuthrich, Kaspar - 2021
We investigate how protectionist policies influence short-run economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. The...
Persistent link: https://www.econbiz.de/10013227482
Cover Image
Heat and Learning
Goodman, Joshua - 2019
We demonstrate that heat inhibits learning and that school air-conditioning mitigates this effect. Student fixed effects models using 10 million PSAT-retakers show hotter school days in years before the test reduce scores, with extreme heat being particularly damaging. Weekend and summer heat...
Persistent link: https://www.econbiz.de/10012892281
Cover Image
Causal Effects of Countercyclical Interest Rates : Evidence from the Classical Gold Standard
Mitchener, Kris James; Pina, Gonçalo - 2022
We estimate the causal impact of countercyclical interest rates on macroeconomic outcomes in open economies. To identify countercyclical interest rates, we construct a new database of short-term interest rates, principal exports, and international commodity prices for 40 economies from 1870 to...
Persistent link: https://www.econbiz.de/10013291318
Cover Image
Long-Run Linkages between US Stock Prices and Cryptocurrencies : A Fractional Cointegration Analysis
Caporale, Guglielmo Maria; de Dios Mazariegos, José Javier - 2022
This paper applies fractional integration and cointegration methods to examine respectively the univariate properties of the four main cryptocurrencies in terms of market capitalization (BTC, ETH, USDT, BNB) and of four US stock market indices (S&P500, NASDAQ, Dow Jones and MSCI for emerging...
Persistent link: https://www.econbiz.de/10014239604
Cover Image
Early Child Care and Labor Supply of Lower-Ses Mothers : A Randomized Controlled Trial
Hermes, Henning; Krauß, Marina; Lergetporer, Philipp; … - 2023
We present experimental evidence that enabling access to universal early child care for families with lower socioeconomic status (SES) increases maternal labor supply. Our intervention provides families with customized help for child care applications, resulting in a large increase in enrollment...
Persistent link: https://www.econbiz.de/10014264150
Cover Image
Ageing and productivity growth: are there macro-level cohort effects of human capital?
Werding, Martin - 2008
productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well …
Persistent link: https://www.econbiz.de/10010264296
Cover Image
The End of Tourist Traps : A Natural Experiment on the Impact of Tripadvisor on Quality Upgrading
Donati, Dante - 2022
Asymmetric information can distort market outcomes. I study how the online disclosure of information affects consumers’ behavior and firms’ incentives to upgrade product quality in markets where information is traditionally limited. I first build a model of consumer search with firms’...
Persistent link: https://www.econbiz.de/10014080609
Cover Image
A Beam of Light : Media, Tourism & Economic Development
Nocito, Samuel; Sartarelli, Marcello; Sobbrio, Francesco - 2021
Tourism accounts for around one tenth of global GDP. We analyze the impact of entertainment media in drawing tourists … to filming locations (media multiplier ) and, in turn, the effect of tourism on local economic development (tourism … factor of 2.5. Furthermore, we provide evidence of positive spillovers in nearby municipalities. To estimate the tourism …
Persistent link: https://www.econbiz.de/10013228867