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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
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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 …
Persistent link: https://www.econbiz.de/10013158140
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How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?
Roth, Christopher - 2018
Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect …
Persistent link: https://www.econbiz.de/10012911043
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The Impact of Trade on Employment, Welfare, and Income Distribution in Unionized General Oligopolistic Equilibrium
Egger, Hartmut - 2010
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10013149008
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International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries : Some Panel Evidence
Caporale, Guglielmo Maria - 2009
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10013155428
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Stock Market Integration in Asia : Global or Regional? Evidence from Industry Level Panel Convergence Tests
Caporale, Guglielmo Maria - 2017
(industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised … Telecommunication, both in a turn-around phase, and Gas & Oil and Technology, for which there is no panel convergence. Club convergence … tests reveal the existence of convergence clubs and divergent economies within the full panel, which explains why panel …
Persistent link: https://www.econbiz.de/10012953892
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Panel Cointegration Tests on the Fiscal Sustainability of German Laender
Burret, Heiko - 2014
by applying “second generation” panel cointegration techniques. A unique identification strategy for the selection of sub …‐panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable …
Persistent link: https://www.econbiz.de/10013047349
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Welfare Policy in the Presence of Unionised Labour and Internationally Mobile Firms
Rocha-Akis, Silvia - 2010
In oligopolistic industries, increased cost saving opportunities via offshoring have a moderating effect on trade unions. In order to discourage mobile firms from leaving the country, unions accept lower sector wages. In effect, the negotiated wage becomes independent of workers' bargaining...
Persistent link: https://www.econbiz.de/10013144026
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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
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The Pungent Smell of 'Red Herrings' : Subsoil Assets, Rents, Volatility and the Resource Curse
van der Ploeg, Rick; Poelhekke, Steven - 2021
exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World …
Persistent link: https://www.econbiz.de/10013316217