Showing 1 - 10 of 83
The present complexity approach is based on two assumptions: A1: measurability of deviations of outcomes with respect … to reference values; A2 : extension of A1 to multi-set analysis. Complexity is then defined in terms of multi …-set deviation compared to single-set ones; an interpretation is given in terms of information costs; examples show the relevance of …
Persistent link: https://www.econbiz.de/10010315050
This paper estimates a bivariate HEAVY system including daily and intra-daily volatility equations and its macro-augmented asymmetric power extension. It focuses on economic factors that exacerbate stock market volatility and represent major threats to financial stability. In particular, it...
Persistent link: https://www.econbiz.de/10012179799
and OPU shocks are larger when allowing for asymmetries in the context of the NARDL framework. Further, EPU shocks …
Persistent link: https://www.econbiz.de/10014290186
There is strong empirical evidence for Cobb-Douglas matching functions. We show in this paper that this widely found relation between matches on the one hand and unemployment and vacancies on the other hand can be the result of different underlying mechanisms. Obviously, it can be generated by...
Persistent link: https://www.econbiz.de/10011522424
important. Geographical distance plays a major role in location decisions, a finding that is especially pronounced for workers …
Persistent link: https://www.econbiz.de/10011615911
What precisely were the causes and consequences of the trade wars in the 1930s? Were there perhaps deeper forces at work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical episode provide for the present day? To answer these...
Persistent link: https://www.econbiz.de/10012052771
This paper uses a gravity framework to investigate the effects of distance as well as subnational and national borders … border effects stem from the metropolitan level rather than state. Second, border and distance effects decrease with the age … distance effects are interestingly increasing. Finally, we find that (assignee) self-citations and aggregation bias are two …
Persistent link: https://www.econbiz.de/10010264618
Engel and Rogers (1996) find that crossing the US-Canada border can considerably raise relative price volatility and that exchange rate fluctuations explain about one-third of the volatility increase. In re-evaluating the border effect, this study shows that cross-country heterogeneity in price...
Persistent link: https://www.econbiz.de/10010274494
bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per … unit, our model predicts that markups rise with distance and fall with tariffs, but these effects are heterogeneous and are …
Persistent link: https://www.econbiz.de/10012179812
This article investigates whether the distance between origin and destination has played an increased role in shaping … 2012 are years of economic recession. The analytical tool employed is a gravity model. Our results document that distance …
Persistent link: https://www.econbiz.de/10010500418