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unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much … agriculture in GDP or lower shares of non-agricultural trade in GDP; that is, characteristics that typically apply to low …
Persistent link: https://www.econbiz.de/10012915574
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models … are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro …-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate …
Persistent link: https://www.econbiz.de/10013092012
Large-scale land acquisitions often take place in developing countries which are also known for their corruption-friendliness caused by weak institutional frameworks. We hypothesize that corruption indeed leads to more land deals. We argue that corrupt elites exploit poor institutional setups...
Persistent link: https://www.econbiz.de/10013028911
investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …
Persistent link: https://www.econbiz.de/10013316333
This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis …
Persistent link: https://www.econbiz.de/10013051384
In a continuous-time framework we study the technology and investment choice problem of a continuous co … flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved … determining in the light of future prospects the optimal revision and then playing backward fixing the investment timing rule …
Persistent link: https://www.econbiz.de/10013316341
The International Monetary Fund (IMF) is in the process of re-inventing itself with bilateral and multilateral surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power that member countries exert at the IMF. First, we...
Persistent link: https://www.econbiz.de/10013069721
We introduce a new hybrid approach to joint estimation of Value at Risk (VaR) and Expected Shortfall (ES) for high quantiles of return distributions. We investigate the relative performance of VaR and ES models using daily returns for sixteen stock market indices (eight from developed and eight...
Persistent link: https://www.econbiz.de/10013155427
This paper investigates the effects of equity and bond portfolio inflows on exchange rate volatility, using monthly bilateral data for the US vis-a-vis eight Asian developing and emerging countries (India, Indonesia, South Korea, Pakistan, Hong Kong, Thailand, the Philippines, and Taiwan) over...
Persistent link: https://www.econbiz.de/10013009868
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...
Persistent link: https://www.econbiz.de/10013054321