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On the Linkages between Stock Prices and Exchange Rates : Evidence from the Banking Crisis of 2007-2010

Caporale, Guglielmo Maria - 2013

This study examines the nature of the linkages between stock market prices and exchange rates in six advanced economies, namely the US, the UK, Canada, Japan, the euro area, and Switzerland, using data on the banking crisis between 2007 and 2010. Bivariate GARCH-BEKK models are estimated...

Persistent link: https://www.econbiz.de/10013083258

Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation

Hanushek, Eric A. - 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/10012765255

Immigration, Unemployment and Growth in the Host Country : Bootstrap Panel Granger Causality Analysis on OECD Countries

Boubtane, Ekrame; Coulibaly, Dramane; Rault, Christophe - 2021

This paper examines the causality relationship between immigration, unemployment and economic growth of the host country. We employ the panel Granger causality testing approach of Konya (2006) that is based on SUR systems and Wald tests with country specific bootstrap critical values. This...

Persistent link: https://www.econbiz.de/10013315792

The Pungent Smell of 'Red Herrings' : Subsoil Assets, Rents, Volatility and the Resource Curse

van der Ploeg, Rick; Poelhekke, Steven - 2021

Brunnschweiler and Bulte (2008) provide cross-country evidence that the resource curse is a “red herring” once one corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource exports are no longer significant while the value of...

Persistent link: https://www.econbiz.de/10013316217

A Macroeconomic Analysis of Energy Subsidies in a Small Open Economy

Glomm, Gerhard - 2015

We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model … includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public … sector production. The model is calibrated to Egypt and used to study reforms such as reductions in energy subsidies with …

Persistent link: https://www.econbiz.de/10013027091

Human Capital Formation and Global Warming Mitigation : Evidence from an Integrated Assessment Model

Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo - 2021

that climate policy stimulates a dedicated form of energy-knowledge without reducing generic R&D investments. Since … advancements in labour productivity have a negative impact on the environment because labour is assumed to be complement to energy …

Persistent link: https://www.econbiz.de/10013316280

Trade, Wages, and Profits

Egger, Hartmut - 2012

This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...

Persistent link: https://www.econbiz.de/10013101194

Old-Age Provision in Transition : The Case of Croatia

Werding, Martin - 2016

The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme (“second pillar”) that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...

Persistent link: https://www.econbiz.de/10012996683

Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters

Dippel, Christian - 2018

This paper shows that import exposure affects voting behavior because it affects local labor markets. We develop a new framework for mediation analysis where one instrumental variable is sufficient to identify three causal effects. Using German data from 1987–2009, we find that import exposure...

Persistent link: https://www.econbiz.de/10012927102

Spend-and-Tax : A Panel Data Investigation for the EU

Afonso, António - 2009

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...

Persistent link: https://www.econbiz.de/10013158140

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