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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
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Factor Substitution, Income Distribution, and Growth in a Generalized Neoclassical Model
Irmen, Andreas; Klump, Rainer - 2021
asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the … the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …
Persistent link: https://www.econbiz.de/10013316692
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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
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Investment in OECD Countries : A Primer
Égert, Balázs - 2021
Aggregate business investment is a major driver of long-term economic growth. It has been weak in many advanced … policies interact with and have an effect on business investment. This paper provides a survey of the literature on the main … policy drivers of business investment such as finance (including bank and market finance, venture capital and the debt bias …
Persistent link: https://www.econbiz.de/10013223661
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Did US Consumers 'Save for a Rainy Day' Before the Great Recession?
Anundsen, André Kallåk; Nymoen, Ragnar - 2015
The ‘saving for a rainy day’ hypothesis implies that households’ saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010531814
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Exports and Capacity Constraints: Evidence for Several Euro Area Countries
Belke, Ansgar; Oeking, Anne; Setzer, Ralph - 2015
We argue that, under certain conditions, firms consider exports as a substitute for domestic demand. Our econometric model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export equations. We apply the exponential and logistic variant of...
Persistent link: https://www.econbiz.de/10011307117
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Export Hysteresis, Capacity Constraints and Uncertainty: A Smooth-Transition Analysis for Euro Area Member Countries
Belke, Ansgar; Wagemester, Jan - 2017
We argue that, under certain conditions described by a sunk cost hysteresis model, firms consider exports as a substitute for domestic demand. This is valid also on the macroeconomic level where the switch from the domestic market to the export market and vice versa takes place in a smooth...
Persistent link: https://www.econbiz.de/10011744940
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Modelling Loans to Non-Financial Corporations within the Eurozone: A Long-Memory Approach
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2020
gross investment as determinants of loans to NFCs. The forecasting accuracy of the FCVAR was also assessed by comparing it …
Persistent link: https://www.econbiz.de/10012425580
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Modelling Loans to Non-Financial Corporations within the Eurozone : A Long-Memory Approach
Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2021
gross investment as determinants of loans to NFCs. The forecasting accuracy of the FCVAR was also assessed by comparing it …
Persistent link: https://www.econbiz.de/10013315007
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Infinite dimensional VARs and factor models
Chudik, Alexander; Pesaran, Mohammad Hashem - 2007
documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate …
Persistent link: https://www.econbiz.de/10010276215