Showing 1 - 10 of 51
This paper estimates a bivariate VAR-GARCH(1,1) model to examine linkages between food and energy prices. The adopted framework is suitable to analyse both mean and volatility spillovers, and also allows for possible parameter shifts resulting from four recent events, namely: 1) the 2006 food...
Persistent link: https://www.econbiz.de/10010498617
Persistent link: https://www.econbiz.de/10003497577
This paper investigates Becker, Hornung and Woessmann's recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …
Persistent link: https://www.econbiz.de/10009691683
Persistent link: https://www.econbiz.de/10003364771
This paper aims to assess the role of expectations as a determinant of the real price of natural gas. To measure expectations-driven speculative demand three approaches are followed, which are based respectively on using natural gas inventories consistently with the theory of storage (Kilian and...
Persistent link: https://www.econbiz.de/10015065319
Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...
Persistent link: https://www.econbiz.de/10010235845
data mostly contradict the traditional view that education was a leading source of the seismic social phenomenon of … fixed effects account for time-invariant unobserved heterogeneity, education - but not income or urbanization - is …
Persistent link: https://www.econbiz.de/10010256208
uses the framework of an education production function to provide descriptive analysis of the extent to which different …
Persistent link: https://www.econbiz.de/10011489307
decentralized education finance and considerable residential mobility, exhibits regressive between-school sorting. Between …
Persistent link: https://www.econbiz.de/10011509528
This paper estimates the effects of family-background characteristics on student performance in the US and 17 Western European school systems. Family background has strong effects both in Europe and the United States, remarkably similar in size. France and Flemish Belgium achieve the most...
Persistent link: https://www.econbiz.de/10011402504