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Ethnic Divisions and Production in Firms

Hjort, Jonas - 2013

A body of literature suggests that ethnic heterogeneity limits economic growth. This paper provides microeconometric evidence on the direct effect of ethnic divisions on productivity. In team production at a plant in Kenya, an upstream worker supplies and distributes flowers to two downstream...

Persistent link: https://www.econbiz.de/10013073086

The Negative Consequences of Overambitious Curricula in Developing Countries

Pritchett, Lant - 2013

Learning profiles, that track changes in student skills per year of schooling, often find shockingly low learning gains. Using data from three recent studies in South Asia and Africa, we show that a majority of students spend years of instruction with no progress on basics. We argue shallow...

Persistent link: https://www.econbiz.de/10013089159

Diversification, Risk Aversion and Expectation in a Holdout Scenario

Eggert, Wolfgang - 2015

We argue a holdout is not a destructive investor behaviour but a rational investment decision. This investment decision is characterised by the mean-variance approach. We investigate intercreditor conflict by diverse portfolio structure. We demonstrate that at some point during the Greek (2012)...

Persistent link: https://www.econbiz.de/10013013489

Volatility and Diversification of Exports : Firm-Level Theory and Evidence

Vannoorenberghe, Gonzague - 2014

-run demand shocks. In this setup, the volatility of a firm's exports depends not only on the diversification of its destination … doubt on the commonly held belief that diversification must decrease volatility …

Persistent link: https://www.econbiz.de/10013048894

Double Diversification with an Application to Iceland

Gylfason, Thorvaldur - 2015

diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … presents economic and political diversification side by side in a cross-country framework and discusses how they interact and … effects of insufficient economic and insufficient political diversification. Dominated for decades by the fishing industry …

Persistent link: https://www.econbiz.de/10013020575

Diversification, Dutch Disease, and Economic Growth : Options for Uganda

Gylfason, Thorvaldur - 2014

different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an … to economic development, including human and social capital. The need for diversification can be viewed in terms of … seeking at bay. Economic diversification for the purpose of containing the preponderance of the resource-intensive industry at …

Persistent link: https://www.econbiz.de/10013040480

Diversification Power of Real Estate Market Securities : The Role of Financial Crisis and Dividend Policy

Ilbasmis, Metin - 2018

This paper investigates dynamic conditional correlations between stock and REIT markets in both Turkey and the U.S. We use an Asymmetric DCC - GJR - GARCH model to estimate the dynamic conditional correlation at daily, weekly, and monthly frequencies. Our contribution is threefold. First, we...

Persistent link: https://www.econbiz.de/10012916360

The EMBI in Latin America : Fractional Integration, Non-Linearities and Breaks

Caporale, Guglielmo Maria - 2015

This paper analyses the main statistical properties of the Emerging Market Bond Index (EMBI), namely long-range dependence or persistence, non-linearities, and structural breaks, in four Latin American countries (Argentina, Brazil, Mexico, Venezuela). For this purpose it uses a fractional...

Persistent link: https://www.econbiz.de/10013009842

The Dynamic Implications of Liberalizing Global Migration

Delogu, Marco - 2014

This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and education decisions. We identify bilateral...

Persistent link: https://www.econbiz.de/10013059032

The Limits of Lending : Banks and Technology Adoption Across Russia

Bircan, Cagatay - 2015

We exploit historical and contemporaneous variation in local credit markets across Russia to identify the impact of credit constraints on firm-level innovation. We find that access to bank credit helps firms to adopt existing products and production processes that are new to them. They introduce...

Persistent link: https://www.econbiz.de/10013018195